Institutional investors have seized the opportunity to "buy the dip" in Bitcoin (BTC), according to insights from CryptoQuant. The on-chain analytics platform reported a significant uptick in institutional buying, with 100,000 BTC—equivalent to approximately $5.7 billion—added to portfolios in just one week.
This surge in institutional buying reflects a strong conviction among larger entities holding between 1,000 and 10,000 BTC. Despite Bitcoin's price drop of up to 23% since early June, institutional investors have continued to increase their exposure. Last week, even as Bitcoin reached its lowest levels since late February, the buying momentum persisted, marking the largest accumulation since March.
Bitcoin large holder balance data (screenshot). Source: CryptoQuant
CryptoQuant's Cauê Oliveira noted that this recent institutional accumulation rivals the inflows seen during the peak of United States spot Bitcoin exchange-traded fund (ETF) investments in March. Unlike March's demand driven by fundraising, the current buying spree suggests a deliberate strategy of capitalizing on market downturns.
US spot Bitcoin ETF netflows (screenshot). Source: Farside Investors
While daily inflows are currently smaller compared to March's peaks, recent data underscores institutional confidence in Bitcoin's long-term potential. Despite short-term market volatility and sentiment turning towards "extreme fear," institutional investors appear resolute in their commitment to Bitcoin as a store of value and a hedge against inflation.
The ongoing accumulation by institutions contrasts with the sentiment among short-term holders, many of whom are facing unrealized losses. As Bitcoin holders navigate market fluctuations, institutional buying trends provide a counterpoint, suggesting a bullish outlook on BTC's future amidst broader market uncertainty.
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