The bullish momentum looks set to continue for a while as institutional investors flock to Bitcoin (BTC).
On-chain analysis platform CryptoQuant analyst Crypto Dan examined the behavior of institutional investors towards Bitcoin. In your hand 1,000 to 10,000 Bitcoins existing between institutional investors or whales, especially recently Bitcoin accelerates purchases Stating that the analyst still said that there is a road ahead compared to previous years.
Yet The bull market in 2021 Emphasizing that there was no inflow as seen at the peaks, whale purchases followed by new individual investor signaled that their entries could continue.
The experienced analyst stated that new individual investors entered after corporate and whale purchases in bull markets, and that when this happens, usually bull season is coming to an end reminded:
Although not yet as significant as the second part of the bull market in 2021, it is clear that a high amount of whales and institutions have entered the market. Generally in bull markets, after a significant influx of institutional investors, new retail investors enter the market, signaling the end of the bull run.