Ethereum

Bitcoin ETF

Bitcoin

when

Billion

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Around $1 billion worth of <a href="https://u.today/bitcoin-open-interest-hits-new-all-time-high" rel="noopener noreferrer nofollow">Bitcoin</a> is added every day to a massive new whale wallet, according to the WuBlockchain report, based on CryptoQuant's research. This surge is probably the result of institutional investors buying <a href="https://x.com/WuBlockchain/status/1798911174223999067" rel="noopener noreferrer nofollow">Bitcoin</a> and moving it to wallets under custodial care. Long-term holders have amassed 70,000 BTC over the last 30 days, and whale demand is increasing at a rate of 4.4% per month.
A sustained price rally for Bitcoin is anticipated given the improving conditions for the growth of its demand. Numerous reasons contribute to this demand rebound, including:
Growth in large investors and permanent holders: Traders are seeing a quicker increase in the combined balances of large investors and permanent holders. The conviction among long-term holders of Bitcoin is most likely rising. <img alt="BTCUSD" data-entity-type="file" data-entity-uuid="e73372b3-9f50-4ee4-acb3-5614eadf057a" src="https://u.today/sites/default/files/inline-images/image_871.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">Bitcoin/USD Chart by TradingView</a>
$1 billion daily inflows: Every day, significant new <a href="https://u.today/bitcoin-btc-hidden-disaster-incoming-xrp-reaches-turning-point-whats-next-shiba-inu-shib-on-path-to" rel="noopener noreferrer nofollow">Bitcoin</a> investors are putting in $1 billion. This substantial investment demonstrates how prominent market participants are becoming more interested in and confident about Bitcoin.
Increase in Bitcoin purchases from spot ETFs in the USA: The demand for Bitcoin has increased as a result of the USA's spot Bitcoin ETF approval and increased activity. This new investment channel increases demand by giving investors a more convenient way to gain exposure to <a href="https://u.today/mysterious-250-million-bitcoin-transfer-stuns-major-us-exchange" rel="noopener noreferrer nofollow">Bitcoin</a>.
Furthermore, traders have exhausted themselves on the market through heavy selling. The unrealized profit ratio resetting to 0% indicates that there may be less selling pressure now, signaling the start of a new phase of accumulation.
Additionally, since May 20, when spot ETH ETFs were approved in the USA, Ethereum has experienced a surge in demand. Long-term Ethereum holders and major investors have both increased their ETH purchases, indicating a similar trend of growing confidence in <a href="https://u.today/if-eth-fails-it-will-be-because-wintermute-ceo-issues-crucial-warning-to-ethereum-elite" rel="noopener noreferrer nofollow">Ethereum</a> in addition to Bitcoin.
The growth trajectory of stablecoin liquidity has not yet been restored, notwithstanding encouraging indications for both Bitcoin and Ethereum.

Enormous Bitcoin Whale Adds $1 Billion in BTC Every Day: Who Is It?

U_Today

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