Major Bitcoin 
$105,161 investors have started buying again following a period of stagnation and profit-taking at the beginning of January. According to CryptoQuant data, large investors’ monthly growth in Bitcoin holdings rose from -0.25% on January 14 to +2% on January 17. This marks the highest monthly rate since mid-December.
They Continue to Accumulate BTC
This growth coincided with Donald Trump’s presidency. Investors expect Trump to implement supportive policies for cryptocurrencies and to establish a strategic Bitcoin reserve. Such developments may lead to a short-term influx of institutional capital into the asset.
Among the prominent recent buyers are Bitcoin development firm MicroStrategy and energy management systems company KULR, both of which play a significant role in determining Bitcoin demand and price.
Long-Term Investors’ Selling Behavior
As Bitcoin approached the $100,000 level in December, daily profit-taking of up to $10 billion significantly reduced selling pressure. Long-term Bitcoin holders have sold over 1 million BTC since September. The latest analysis indicates a decrease in this mobility.
Bitcoin’s visible demand continues to expand, although the rate has diminished from 279K Bitcoin at the beginning of December to 75K today. A report published by CryptoQuant defined visible demand as an on-chain metric measuring the balance between Bitcoin mining and production. The firm stated that demand must accelerate again for prices to rise significantly.
Market experts suggest that Bitcoin might currently be at a balance point, stabilizing before the next movement. Unrealized profit margins for traders are nearly at zero, which could play a role in establishing price floors in a bull market and form a foundation for the market’s future direction.
The increase in Bitcoin purchases reflects the influence of institutional and large investors on the market. These developments may provide significant indicators for the movement of Bitcoin prices in the future.
