Key Points
- Institutional investors have amassed over 67,000 BTC in the past 30 days, despite retail traders selling their holdings.
- Bitcoin’s Chaikin Money Flow analysis shows continued selling pressure, even with recent price increases.
In the past month, institutional investors have significantly increased their Bitcoin (BTC) holdings, accumulating over 67,000 BTC. This comes as retail traders are observed to be selling off their Bitcoin.
Bitcoin Whales on the Rise
Data from CryptoQuant shows a divergent trend between retail and institutional Bitcoin investors. Institutional wallets have increased their Bitcoin holdings by over 67,000 BTC in the last 30 days, bringing their total to over 3.9 million BTC. This accumulation is happening despite the ongoing sell-off by retail investors, likely triggered by Bitcoin’s sideways price movement in the previous weeks.
Selling Pressure Continues
The Bitcoin Chaikin Money Flow (CMF) analysis by AMBCrypto indicates that the selling pressure is still dominant despite the recent price rise. The CMF currently stands at around -0.04, suggesting that there are more sellers than buyers in the market. If the CMF remains negative or falls further, it could imply weakening buyer interest and potential price consolidation or a pullback in the future.
In the last 24 hours, Bitcoin has experienced fluctuating exchange flows as the price continues to rise. Data shows that Bitcoin had more outflow in the previous trading session, with a negative flow of almost 5,000 BTC. However, the flow has turned positive again, with over 2,000 BTC flowing back into exchanges. This mixed exchange flow indicates that traders are reacting to the changing market sentiment, balancing between holding and selling as Bitcoin’s price momentum continues.
