CryptoQuant: Institutional Investors Hoarded Over 34,000 Bitcoins in the Past 30 Days

CryptoQuant analysts write that around December 21, 2024, institutional investors had sold off around 79,000 bitcoins in a week, causing a 15% pullback in the market. However, large institutions then took advantage of the market consolidation period and continued to buy below $95,000 using a time-weighted average price (TWAP) strategy. Over the past 30 days, institutional investors have added more than 34,000 bitcoins to their holdings, providing buying support for the recent rally in bitcoin. Despite periods of correction in institutional portfolios, the trend of bitcoin accumulation on the chain since June 2023 remains evident. This suggests that institutional investor interest in bitcoin remains high at a time when retail demand is at a five-year low.