Bitcoin Whales Increase Holdings by 2% Following Trump Inauguration

Large bitcoin holders, or whales, are increasing their purchases after a period of profit-taking in January. Key points include:

• The monthly growth of bitcoin holdings among large investors rose from -0.25% on January 14 to +2% on January 17.
• This growth coincides with expectations of pro-crypto policies under President Donald Trump, potentially attracting institutional investments.
• Notable recent buyers are MicroStrategy and KULR, contributing to reduced selling pressure.
• Long-term holders have sold over 1 million BTC since September, but this trend appears to have stabilized.
• Unrealized profit margins for traders are nearing zero, suggesting a potential price floor.
• Retail demand for bitcoin is declining, with apparent demand dropping from 279K BTC in December to 75K BTC now.

CryptoQuant emphasizes that demand growth needs to accelerate for significant price increases.