Analysis: Institutional Demand for Bitcoin Remains Strong, Adding $53 Billion in BTC Holdings in the Past Year

BlockBeats News, January 20th, CryptoQuant founder Ki Young Ju posted, stating, "Institutional demand for Bitcoin remains strong. U.S. custodial wallets usually hold 100–1,000 BTC each. Excluding exchange wallets and miner addresses, this metric can serve as a rough gauge of institutional demand, including ETF holdings."

"In the past year, institutions have added a total of 577,000 BTC (about $53 billion), and funds are still flowing in."