• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Corporate Demand for Bitcoin is at its Peak! Demand Doubled!
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Bitcoin and BTC > Corporate Demand for Bitcoin is at its Peak! Demand Doubled!
Bitcoin and BTC

Corporate Demand for Bitcoin is at its Peak! Demand Doubled!

vitalclick
Last updated: October 29, 2024 9:42 am
7 months ago
Share
SHARE

CryptoQuant CEO Ki Young Juon October 29 institutional investors Bitcoin $68,187 reported that demand is increasing. In particular, the money transferred to wallets called “whales” created by large cryptocurrency holders. Bitcoin The amount has increased significantly over the past year to include transfers outside of exchanges and mining pools. During the same period in the USA spot ETFWhile there was a net inflow of approximately 278 thousand BTC to ‘s, it was observed that approximately 80 percent of this amount came from individual investors.

Corporate Demand is Twice as High as IndividualDifferences Between ETFs and Whale Wallets

Corporate Demand is Twice as High as Individual

Ki Young Ju emphasized that institutional investors focus more on security and prefer storage solutions accordingly. Most of the large-scale Bitcoin wallets with a total of 670 thousand BTC are in this “whale” creates wallets.

On the other hand, it seems that such wallets holding over a thousand BTC mostly turn to safe storage options, unlike individual investors.

Differences Between ETFs and Whale Wallets

ETF wallets usually have thousands of BTCStating that they keep a balance below , Ju said that most of the large wallets are managed by institutional investors. Corporate demand has increased their demands for storage solutions, preferring these wallets that are advantageous in terms of security.

Currently, institutional investors seem to be more interested in security-focused solutions than individual investors. This signals the expectation of greater institutional demand for spot Bitcoin ETFs and secure wallet solutions in the future.

With all this, Bitcoin is trading around the 71 thousand dollar threshold with a 3.90 percent increase in the last 24 hours, according to current data. With this increase in price, there is also a significant increase in transaction volume. Volume data provided by CoinMarektCap reveals that the transaction volume increased by 145.55 percent in the same time period, reaching $47.48 billion. Data is the biggest cryptocurrencyIt shows that the price of has increased by over 5 percent in just the last 7 days.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

Expert Explains: Bitcoin is in a Super Cycle, According to Economist Alex Krüger

Bitcoin Could See $170,000! Experts Give a Date for the Parabolic Explosion!

Here’s Bitcoin’s Next Target, We Need to Understand the Crypto Rise Correctly

Two Years Imprisonment Sentence Shock for Bitcoin Investor for Tax Crime

BlackRock’s Bitcoin Portfolio Reached $27 Billion

TAGGED:BitcoinBTC
Share This Article
Facebook Twitter Email Print
Previous Article Will It Hit $1 in 2024?
Next Article XRP Vs. SEC’s Legal Battle Reduced to a Defining 15 Minutes
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?