Deng Tong, Jinse Finance
In May, influenced by factors such as the relaxation of Trump's tariff policies, improved stablecoin regulatory policies in Hong Kong and the US, and the triple impact on US stocks, bonds, and exchange rates, BTC set a new record by breaking through $110,000. Many investors hesitated in the face of this new high, but institutional buying enthusiasm remained strong.
According to a recent report by Bitwise, institutions are expected to hold over 4.2 million bitcoins by 2026. "We anticipate approximately $120 billion of institutional funds will flow into Bitcoin by the end of 2025, reaching around $300 billion in 2026, with over 4.2 million bitcoins held by a diverse group of investors including public bitcoin reserve companies, sovereign wealth funds, ETFs, and nations."
In this month when BTC refreshed price records, which institutional investors were accumulating coins? How do institutions view the current crypto market?
Top 10 BTC Holders, Source: bitbo
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and details while translating to English.]Top15: Quantum BioPharma
Latest Action: Purchasing Cryptocurrency Worth $1 Million
On May 19,, the listed company Quantum BioPharma announced that after obtaining board approval, the company has additionally purchased BTC and other cryptocurrencies worth $1 million as part of its strategic move. This brings the total amount of BTC and other cryptocurrencies purchased by the company tooPcompany4.5 > million. The company is now prepared to accept financing in cryptocurrencies and execute other types of cryptocurrency transactions.
How Do Institutional Investors View the Current Crypto Market?
Q>QCP Capital: The current BTC price trend is closely related to the buying actions of two major institutions, Strategy and Metaplanet, which remain the primary buyers at the current price level. If these institutions reduce reduce reduce power, it may trigger profit-taking by other market participants and potentially reverse the current upward trend. If BTC breaks through to a new high-, it could trigger a new round of chasing gains and attract off-market funds.
Bitfinex Alpha: Bitcoin continues to demonstrate exceptional resilience and structural strength, steadily rising since recovering from the92,000 low point in late April. This round of upis clearly driven by the spot market,, characterized by brief and clear consolidation phases followed by impulsive upward movements. This pattern indicates that the is market is accumaccumulating, with strong potential demand rather than excessive speculation. The incremental cumulative spot trading volume across major exchanges has remained positive, reinforcing the view that the market isulated led by real buyers rather than leveraged traders. Meanwhile, derivatives positions have remained passive, with unsettled contract volatility highlighting a transitional period characterized by short squeezes and liquidation resets. The result is a healthier market foundation, with speculative bubbles cleared, and true capital flows supporting market momentum.
Matrixport: Bitcoin continues to set new historical highs, yet market sentiment remains rational. We observe that trading volume has not significantly expanded, and funding rates have remained relatively stable. Against the backdrop of lacking retail investor follow-up, the sustainability of of Bitcoin's rise remains yet to to be seen... mid-April have remained firmly bullish, and, and Bitcoin's performance has confirmed our. However continue the current, market participation may be needed. At this stage, appropriately taking profits might be a wise move.
CoinGlass: The total inflow of Bitcoin spot ETFs continues to grow managed assets now exceeding $104 billion, creating a historical new high. This surge indicates that institutional capital is beginning to recognize Bitcoin not just as a high-performance asset, but as a politically neutral neutral value storage method similar to gold. In an era of increasingly unstable debt-based economies, Bitcoin is becoming a reliable alternative, offering a monetary system based is on predictability and decentralization. Given its market value is far below gold's $ trillion, Bitcoin remains significantly undervalued.
CryptoQuant Analyst Axel Adler Jr: Currently, short-term holders with a holding time of 1-3 months have an unrealized profit rate of 27%. In the past 4 years, when this indicator exceeds 40%, this group of holders begins to sell, creating downward price pressure. At the current daily growth rate of approximately 0.818 percentage points, this indicator is expected is expected the value of 40% in days (June 11), at which point Bitcoin's price is estimated to reach $162,000.
