Recent data from CryptoQuant reveals a significant surge in Bitcoin investments, with new whale wallets accumulating approximately $1 billion in BTC daily. This trend suggests that institutional investors are actively purchasing Bitcoin and opting for secure storage in custodial wallets.

Over the last 30 days, permanent holders have amassed 70,000 BTC, indicating a robust and growing confidence in Bitcoin’s long-term value. This accumulation represents a clear commitment to Bitcoin as a viable asset among seasoned investors.

Moreover, the demand for Bitcoin among these large-scale investors, or ‘whales,’ is escalating at a notable rate of 4.4% per month. This increasing interest from whales is a positive sign for Bitcoin’s market stability and potential future growth, underscoring the cryptocurrency’s appeal to both individual and institutional investors.

CryptoQuant