Bitcoin (BTC USD) Continues To Attract Institutional Liquidity
The post Bitcoin (BTC USD) Continues To Attract Institutional Liquidity appeared on BitcoinEthereumNews.com.
Bitcoin (BTC USD) demand notably slowed down in the last week of May, signaling a cooling down of the momentum observed in the previous week. But despite that, recent data revealed that demand from the large holder cohort remained strong. A recent CryptoQuant analysis revealed that large holder activity was experiencing positive growth. This was based on an assessment of addresses holding between 1,000 and 10,000 BTC. According to the assessment, the large holder activity was a sign of market confidence. In addition, recent market data confirmed that Bitcoin was experiencing weak sell pressure. This was based on an assessment of short term holder and long term holder flows. Short term holders recently sent 8,000 BTC to exchanges compared to 12,000 BTC during the Yen carry trade unwind in August and 80,000 BTC during the tariffs induced crash. In comparison, long term holders recently sent 86 BTC to exchanges compared to 254 BTC at its peak in January and 626 BTC during the 2024 peak. These findings confirmed that Bitcoin exchange inflows from the two categories were notably lower after its latest peak. Despite the above findings, whale activity still contributed significantly to short term price action. Whale Alert highlighted the transfer of 1,083 BTC from a private wallet to Coinbase in the last 24 hours. Higher sell pressure than demand saw BTC push below $107,000 at press time. Sustained bearish momentum could potentially push price for a support retest near the $103,000 price level. New York’s Aggressive Push to Become a Pro-Bitcoin City New York city major Eric Adams who is known to be pro crypto recently revealed plans to create a Bitcoin bond. This move will make New York the first city to launch a BTC bond. But what does a Bitcoin bond mean? The move would encourage…
Filed under: News - @ May 29, 2025 9:22 pm