Large reserve replenishment: institutional investors increase their positions in Bitcoin
Last week, the cryptocurrency market recorded a significant capital inflow. According to our data, the net inflow into Bitcoin trusts and ETFs exceeded 1.2 billion US dollars. This is a record figure since the beginning of the current quarter.
The key driver of this movement was institutional investors. We are observing a classic pattern of buying on dips: after the BTC price correction below the $60,000 mark, major players began aggressively increasing their positions. Trading volume on over-the-counter (OTC) platforms over the past 72 hours has risen by 34%, confirming the institutional, rather than retail, nature of these purchases.
The structure of the inflows deserves special attention. Nearly 70% went into spot instruments, rather than futures or perpetual contracts. This signals long-term confidence in the asset, rather than a desire to play on short-term volatility. Under such conditions, we typically see the formation of a sustainable bottom.
On-Chain Data Analysis
On-chain metrics confirm this thesis. The number of addresses with a balance of 100 to 1000 BTC (so-called "accumulation whales") has increased by 2.1% over the past two weeks. At the same time, the average age of coins moved to exchanges has risen—old holders are in no hurry to lock in profits. Bitcoin reserves on exchanges, on the contrary, continued to decline, reaching lows of 2023. This is a classic bullish scenario.
It is important to note that, alongside BTC, we are also seeing inflows into second-tier altcoins, especially in the infrastructure sector—Solana and Chainlink. However, their volumes currently account for only about 15% of the total inflow.
Cryptalist Expert Opinion: The current accumulation appears structural, not speculative. If this dynamic persists over the next 2-3 weeks, we could see a test of the $72,000 level by the end of the month. The market is clearly preparing for a new rally, and institutional money is setting the tone. Ignoring this signal would be a mistake.