{"id":629546,"date":"2024-07-13T02:30:00","date_gmt":"2024-07-13T02:30:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=629546"},"modified":"2024-07-12T15:57:10","modified_gmt":"2024-07-12T15:57:10","slug":"institutions-grab-over-5-billion-bitcoin-in-a-week","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/bitcoin-news\/institutions-grab-over-5-billion-bitcoin-in-a-week\/","title":{"rendered":"Institutions Grab Over $5 Billion Bitcoin in a Week: Are They Predicting a Mega Rally?"},"content":{"rendered":"

A recent analysis from CryptoQuant has revealed<\/a> that institutional investors have shown a notable level of activity in the Bitcoin market, snapping up a substantial 100,000 BTC over just one week.<\/p>\n

Particularly, in the past month, these entities with wallets holding 1,000 to 10,000 BTC \u00a0have shown massive inflow levels that effectively match what was seen during March when US-based exchange-traded fund (ETF) introductions were at their peak.<\/p>\n

This purchase surge is particularly noteworthy when Bitcoin prices saw a significant dip last week, trading as low as below $54,000<\/a> for the first time since February, prompting these seasoned investors to capitalize on lower prices.<\/p>\n

Related Reading: Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years \u2014 Here\u2019s How<\/a><\/div>\n

Implications Of The Scooped BTC<\/h2>\n

Notably, the recent institutional buying of BTC shows a strategic method to buy the asset even during price drops. According to the data obtained from the on-chain analytics platform CryptoQuant, these large buyers are not just speculating but have a strong belief in Bitcoin’s future value<\/a>.<\/p>\n

\"Total
Total balance change from large holders. | Source: CryptoQuant<\/figcaption><\/figure>\n

These investors have aggressively accumulated Bitcoin in the most recent downturn, showing a different motive behind the purchase than their previous accumulation<\/a> in past periods. The analyst revealing this in a CryptoQuant QuickTake post noted:<\/p>\n

\n

Unlike what was seen in March, which was a demand more linked to fundraising, the current institutional accumulation may indicate a true process of “buying the dip” in large players.<\/p>\n<\/blockquote>\n

According to the CryptoQuant analyst, the massive Bitcoin accumulation among institutional investors began in March. Despite Bitcoin’s price decline of more than 20% since then, these investors continued to buy heavily, even during last week’s dip. The analyst particularly stated:<\/p>\n

\n

While many novice investors capitulated last week, with special emphasis on coins purchased between 1 and 3 months ago, institutional players made the largest accumulation process since March.<\/p>\n<\/blockquote>\n

Bitcoin Market Performance And Future Outlook<\/h2>\n

Following the notable plunge this last week, Bitcoin appears to have recovered to some extent alone. So far, the asset has reclaimed its $57,000 mark, and it is now looking to trade back above $58,000 with its current trading price at $57,920.<\/a><\/p>\n

\"Bitcoin
BTC price is moving downwards on the 2-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

The asset is up 0.2% in the past 24 hours and 3.4% in the past week. Prominent crypto analyst Moutsache on X has earlier today revealed an interesting trend for Bitcoin. The analyst discloses that the “Russel 2000 and Bitcoin’s price action have always been highly correlated so far.”<\/p>\n

Related Reading: Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million<\/a><\/div>\n

Usually, if RUT increases in value, Bitcoin does the same, and currently, RUT appears to be attempting to break through a “strong resistance.” The analysts’ post suggests that should RUT break above this resistance, BTC’s price will likely follow suit by also experiencing a surge in value<\/a>.<\/p>\n

\n

#Bitcoin<\/a><\/p>\n

Most of you may not know it, but the Russel 2000 and Bitcoin’s price action have always been highly correlated.<\/p>\n

If RUT rises, so does $BTC<\/a>.<\/p>\n

RUT is currently trying to break through strong resistance from 2021 to the upside.<\/p>\n

Probably nothing.\ud83d\udc40 pic.twitter.com\/KlxWKEtSYx<\/a><\/p>\n

\u2014 \ud835\udd44\ud835\udd60\ud835\udd66\ud835\udd64\ud835\udd65\ud835\udd52\ud835\udd54\u24d7\ud835\udd56 \ud83e\uddf2 (@el_crypto_prof) July 11, 2024<\/a><\/p><\/blockquote>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

A recent analysis from CryptoQuant has revealed that institutional investors have shown a notable level of activity in the Bitcoin market, snapping up a substantial 100,000 BTC over just one week. Particularly, in the past month, these entities with wallets holding 1,000 to 10,000 BTC \u00a0have shown massive inflow levels that effectively match what was seen during March when US-based exchange-traded fund (ETF) introductions were at their peak. This purchase surge is particularly noteworthy when Bitcoin prices saw a significant dip last week, trading as low as below $54,000 for the first time since February, prompting these seasoned investors to capitalize on lower prices. Related Reading: Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years \u2014 Here\u2019s How Implications Of The Scooped BTC Notably, the recent institutional buying of BTC shows a strategic method to buy the asset even during price drops. According to the data obtained from the on-chain analytics platform CryptoQuant, these large buyers are not just speculating but have a strong belief in Bitcoin’s future value. These investors have aggressively accumulated Bitcoin in the most recent downturn, showing a different motive behind the purchase than their previous accumulation in past periods. The analyst revealing this in a CryptoQuant QuickTake post noted: Unlike what was seen in March, which was a demand more linked to fundraising, the current institutional accumulation may indicate a true process of “buying the dip” in large players. According to the CryptoQuant analyst, the massive Bitcoin accumulation among institutional investors began in March. Despite Bitcoin’s price decline of more than 20% since then, these investors continued to buy heavily, even during last week’s dip. The analyst particularly stated: While many novice investors capitulated last week, with special emphasis on coins purchased between 1 and 3 months ago, institutional players made the largest accumulation process since March. Bitcoin Market Performance And Future Outlook Following the notable plunge this last week, Bitcoin appears to have recovered to some extent alone. So far, the asset has reclaimed its $57,000 mark, and it is now looking to trade back above $58,000 with its current trading price at $57,920. The asset is up 0.2% in the past 24 hours and 3.4% in the past week. Prominent crypto analyst Moutsache on X has earlier today revealed an interesting trend for Bitcoin. The analyst discloses that the “Russel 2000 and Bitcoin’s price action have always been highly correlated so far.” Related Reading: Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million Usually, if RUT increases in value, Bitcoin does the same, and currently, RUT appears to be attempting to break through a “strong resistance.” The analysts’ post suggests that should RUT break above this resistance, BTC’s price will likely follow suit by also experiencing a surge in value. #Bitcoin Most of you may not know it, but the Russel 2000 and Bitcoin’s price action have always been highly correlated. If RUT rises, so does $BTC. RUT is currently trying to break through strong resistance from 2021 to the upside. Probably nothing.\ud83d\udc40 pic.twitter.com\/KlxWKEtSYx \u2014 \ud835\udd44\ud835\udd60\ud835\udd66\ud835\udd64\ud835\udd65\ud835\udd52\ud835\udd54\u24d7\ud835\udd56 \ud83e\uddf2 (@el_crypto_prof) July 11, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":629576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,441,629,6848,1119,78790,6664],"class_list":["post-629546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-bitcoin-price-prediction","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\nInstitutions Grab Over $5 Billion Bitcoin in a Week: Are They Predicting a Mega Rally?<\/title>\n<meta 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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