Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ki-young-ju-reports-increased-corporate-demand-for-bitcoin/" data-wpel-link="internal">Ki Young Ju Reports Increased Corporate Demand for Bitcoin</a> 
Ki Young Ju, CEO of CryptoQuant, announced on October 29 that corporate investors are showing increased demand for Bitcoin . Notably, the amount of Bitcoin transferred to wallets categorized as “whales,” which are primarily large holders, has significantly increased over the past year. This increase includes transfers outside of exchanges and mining pools. During the same period, approximately 278,000 BTC net entered US spot ETFs, with about 80% of this volume coming from individual investors. 
<h2 style="text-align: justify" id="strong-corporate-demand-doubles-that-of-individuals-strong">Corporate Demand Doubles That of Individuals</h2> 
Ju emphasized that corporate investors are focusing on security and prefer storage solutions. A significant portion of the total 670,000 BTC held in large-scale wallets is comprised of these “whale” wallets. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-401496" src="https://coin-turk.com/wp-content/uploads/2024/10/GbCBqNTakAAc1j4-scaled.jpeg" alt="" width="2560" height="1440"> 
Furthermore, it appears that wallets holding over 1,000 BTC are predominantly turning towards secure storage options, differing from individual investors. 
<h2 style="text-align: justify" id="strong-differences-between-etfs-and-whale-wallets-strong">Differences Between ETFs and Whale Wallets</h2> 
Ju noted that ETF wallets typically hold balances under 1,000 BTC, while most of the large wallets are managed by corporate investors. This growing corporate demand is reflected in their preference for secure wallets, thus increasing their storage solutions requests. 
Currently, corporate investors appear to be more focused on secure solutions compared to individual investors. This trend indicates an expectation of increased corporate demand for spot Bitcoin ETFs and secure wallet solutions in the future. 
With all these developments, Bitcoin has seen a rise of 3.90% in the last 24 hours, trading around the $71,000 mark. This price increase has also led to a significant rise in trading volume. Data from CoinMarketCap shows that the trading volume during the same period surged by 145.55% to $47.48 billion, with Bitcoin’s price rising over 5% in just the past week. 
The post <a href="https://en.coin-turk.com/ki-young-ju-reports-increased-corporate-demand-for-bitcoin/" data-wpel-link="internal">Ki Young Ju Reports Increased Corporate Demand for Bitcoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Ki Young Ju Reports Increased Corporate Demand for Bitcoin

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