Bitcoin Sees Uninterrupted Institutional Buying Amid Volatility

Despite recent volatility in Bitcoin's price, large-scale investments continue to pour into the market.

According to recent data, wallets holding between 100 and 1,000 BTC ($84,154.00 · Live) have accumulated a staggering 113,950 BTC since July 15th, increasing their total holdings to approximately 5.24 million BTC.

The influx of new investments has also been reflected in the spot Bitcoin ETFs in the US, with a net entry of $2.65 billion over the past five trading days.

Glassnode's analysis suggests that Bitcoin's drop from its peak by around 30% was less severe than previous market downturns during the same period.