CryptoQuant: New whale wallets increase holdings by $1 billion in Bitcoin daily

ChainCatcher message, the on-chain analysis platform CryptoQuant pointed out in its latest weekly report: "Large investors are pouring about $1 billion into Bitcoin, which is comparable to the situation before Bitcoin rose from $10,000 to $70,000 in 2020. Back in 2020, Bitcoin hovered around $10,000 for 6 months with high on-chain activity, which was later revealed to be over-the-counter trading." It further explained: "Now, despite the small price fluctuations, on-chain activity remains high, with new whale wallets accumulating $1 billion daily, possibly in the form of institutional investors entering custody wallets to purchase Bitcoin."