Institutional Bitcoin Buying Frenzy: Large Players Accumulate $5.8 Billion in BTC Amid Price Collapse

While the price of Bitcoin has recently plunged to a low slightly above the $53,000 mark before it started to recover, institutional investors have entered their “second-largest” accumulation process of the year, acquiring more than $5.8 billion worth of BTC in a week. According to a recent blog post from on-chain analytics platform CryptoQuant, institutional […] source: https://www.cryptoglobe.com/latest/2024/07/institutional-bitcoin-buying-frenzy-large-players-accumulate-5-8-billion-in-btc-amid-price-collapse/