The head of blockchain analytics platform CryptoQuant says there is one important reason why the current market cycle for Bitcoin (BTC) is unprecedented.
Ki Young Joo To tell According to 340,700 followers on social media platform
CryptoQuant data shows an explosive increase in Bitcoin's realization ceiling for short-term whales, the value of BTC at its last traded price on-chain divided by the number of Bitcoins in the cohort. This suggests the new existence of large-scale institutional investor money.
“This cycle is different. $86 billion of institutional investors have entered the Bitcoin market in the past six months.”
Analyst To tell With the liquid inventory ratio indicator reaching an all-time low, it appears that buying demand for Bitcoin is outpacing selling supply.
“Liquid inventory ratios have reached record lows. Sell-side liquidity is now significantly lower than historical levels relative to demand.”
According to analytical experts, the current inventory ratio is: calculated Calculated by dividing the total sell-side inventory by the change in the accumulation address's Bitcoin balance over a 30-day period.
At the time of writing, Bitcoin was trading at $68,760, down nearly 2% in the past 24 hours.
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