CryptoQuant: Institutional investors are "buying the dip," increasing their holdings by 100,000 bitcoins in a week

ChainCatcher news, according to Cointelegraph, the on-chain analysis platform CryptoQuant published a blog post stating that institutional investors increased their holdings by 100,000 bitcoins within a week, worth approximately $5.7 billion.

CryptoQuant analyst Cauê Oliveira pointed out that since early June, entities holding between 1,000 and 10,000 bitcoins have accelerated their accumulation, continuing to buy even when the bitcoin price hit its lowest level since February. Unlike the ETF inflows in March, this accumulation resembles a "bottom-fishing" behavior by major players.