Institutional investors continue to actively buy bitcoin. CryptoQuant CEO Ki Young Ju reported this.
According to him, U.S.-based wallets that do not belong to exchanges or miners and hold between 100 and 1,000 BTC have accumulated more than 577,000 BTC over the past year. The estimated value of the purchased amount exceeds $53 billion. However, this figure includes exchange-traded fund (ETF) assets, Ju noted.
Chart of bitcoin accumulation by investors holding 100–1,000 BTC. Source: CryptoQuant.
Another CryptoQuant team member pointed to the opposite trend. The company’s head of research, Julio Moreno, noted that investors have started locking in losses for the first time in three months. However, the expert did not specify which group of investors he was referring to.
Investors’ realized profit/loss. Source: CryptoQuant.
As a reminder, in November 2025, addresses accumulating bitcoin bought more than 375,000 BTC in just 30 days, setting a record. On November 5 alone, purchases exceeded 50,000 BTC. However, at that time, the leading cryptocurrency was trading above the $100,000 mark. As of writing, its price is around $91,000:
BTC/USDT chart on the Binance exchange. Data: TradingView.

