4 Charts showing ‘Big Money’ accumulation in Bitcoin

A recent report suggests Institutional Investors are behind the recent surge in Bitcoin

Bitcoin has touched $9K so far this year — price levels not seen since July 2018. The crossing of the psychological level of $10K is still a level that needs to penetrated convincingly to confirm a reversal in the bearish trend as far as I concerned. Nonetheless, the way the crypto kingpin BTC has sustained the gains for the past couple of months is a good sign pointing towards long-term recovery.

According to a recent report for diar — a data analysis company that provides expert insights into the global digital currency industry, Bitcoin supply holdings have shifted ever since reaching the recent bottom. The most significant pattern that has emerged is that of Institutional investors scooping up massive amounts of digital assets at these discounted prices. Let’s review the four charts presented in this report to see the impact of this new transition.

Three notable trends emerge from the chart above — Retail size investors have increased steadily in all four categories with the biggest…