Recent data from Glassnode reveals a significant increase in institutional interest in Bitcoin, with 76 new entities each holding over 1,000 BTC joining the network in the last two months. This marks a 4.6% rise, indicating a robust appetite among larger investors. As the BTC price approaches the $84,000 mark, this uptrend suggests growing confidence in the cryptocurrency as a viable investment option. With the total number of such entities now at 1,725, the market is witnessing an optimistic outlook. This surge aligns with a broader trend of institutional money flowing into digital assets, highlighting a shift towards cryptocurrency in investment strategies across the globe.