According to veteran analyst Ali Martinez, who revealed on X on the 30th, large investors in Bitcoin (BTC) purchased over 20,000 BTC in the past two days. This move represents a substantial inflow of funds worth 300 billion yen and has attracted the attention of market participants.
According to Mr. Martinez’s chart, the collective Bitcoin holdings of large investors have exceeded 4.7 million BTC. This accounts for about 24% of the circulating supply.
Source: Mr. Ali Martinez
The aggressive buying by large investors is generally considered a bullish factor and often serves as a precursor to price increases. Such movements indicate an increase in the confidence of institutional investors and may also lead to the encouragement of retail investors to enter.
In the past month, the outflow of BTC from exchanges has significantly increased, with 30,000 BTC moved from centralized exchanges. On the other hand, an analysis by Cryptoquant on the 29th revealed that while the activities of the “Fish” and “Shark” tiers have become more active in inflows to Binance, the movements of the largest holders were limited.
Additionally, some users on X are speculating about Michael Saylor’s involvement in large purchases. Saylor’s company, Strategy, is the world’s largest corporate holder of Bitcoin, and it was revealed last year that Saylor personally holds over 17,000 BTC.
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Bitcoin dealer purchases an additional 20,000 BTC in 2 days = Analyst
According to veteran analyst Ali Martinez, who revealed on X on the 30th, large investors in Bitcoin (BTC) purchased over 20,000 BTC in the past two days. This move represents a substantial inflow of funds worth 300 billion yen and has attracted the attention of market participants.
According to Mr. Martinez’s chart, the collective Bitcoin holdings of large investors have exceeded 4.7 million BTC. This accounts for about 24% of the circulating supply.
The aggressive buying by large investors is generally considered a bullish factor and often serves as a precursor to price increases. Such movements indicate an increase in the confidence of institutional investors and may also lead to the encouragement of retail investors to enter.
In the past month, the outflow of BTC from exchanges has significantly increased, with 30,000 BTC moved from centralized exchanges. On the other hand, an analysis by Cryptoquant on the 29th revealed that while the activities of the “Fish” and “Shark” tiers have become more active in inflows to Binance, the movements of the largest holders were limited.
Additionally, some users on X are speculating about Michael Saylor’s involvement in large purchases. Saylor’s company, Strategy, is the world’s largest corporate holder of Bitcoin, and it was revealed last year that Saylor personally holds over 17,000 BTC.