CryptoQuant Reveals How Many Bitcoins Investors Bought
Investors on the open market have purchased over 375,000 bitcoins in the past month, including 50,000 BTC on November 5, according to data from on-chain analytics platform CryptoQuant.
Analysts believe the surge in demand is likely driven by increased activity from large investment funds allocating capital into spot Bitcoin ETFs:
“While overall demand has slightly slowed down, this is not the case for this investor category. In less than two months, their average monthly buying activity has more than doubled — from 130,000 to 262,000 BTC, showing an acceleration of the trend.”
This trend may signal the end of the investor capitulation phase and the beginning of a new upward trend. If the current momentum continues, the market could start recovering in the coming months, CryptoQuant noted.

Many investors view the current Bitcoin price as an attractive entry point, anticipating a new growth cycle for the cryptocurrency. Analysts also expect selling pressure to weaken, helping Bitcoin maintain support around the $100,000 level.
See also: "Bitcoin price today: stuck around $102K amid weekly decline"
Українська
Русский
English

