Large-scale investors accumulated approximately 41.3K BTC over the last 30 days

This surge in institutional interest, paired with key on-chain metrics, provides a bullish outlook for Bitcoin.

Large-scale investors have plowed an incredible 41.3K BTC into their treasuries over the last 30 days despite a mixed macroeconomic environment, signaling persistent institutional demand.

Bitcoin [BTC] price showed strength as it traded at $102,956.07 at press time, showcasing a 3.49% increase in the last 24 hours.

This surge in institutional interest, together with key on-chain metrics, provides a bullish outlook for BTC.

As large-scale investors keep accumulating, we could see further upward momentum driven by institutional involvement.

BTC’s increased market interest

At the time of writing, Social Dominance spiked to 26.6%, accompanied by a surge in Social Volume to 5395 mentions.

This increase in social engagement reflected growing interest in Bitcoin.

As Social Dominance rises, market sentiment shifts, and liquidity tends to increase. Retail investors often follow institutional movements, amplifying market momentum.

Image: Santiment

The above chart highlights the spike in Social Dominance, suggesting increased attention and engagement with Bitcoin in the market.

This could be driven by news events, price volatility, or other factors that spark conversation and activity related to BTC.

The chart also shows a surge in Social Volume, indicating a high volume of mentions and conversations about Bitcoin across various social media platforms.

This increased chatter and engagement reflect growing interest in the cryptocurrency.

This signals that market sentiment is turning more positive, and we could see more liquidity flowing into the market.

Interestingly, Miner Outflows decreased by 54.83%, suggesting miners are holding onto their Bitcoin rather than selling. This reduced selling pressure from miners could help sustain the upward price trend.

Miners’ decision to hold positions them for higher prices, showing confidence in future Bitcoin valuations.

On top of that, less sell-side activity helps reduce available supply, adding fuel to the current price strength.

Disconnect between network activity and market value

Bitcoin’s NVT Ratio stood at 174, signaling a disconnect between Bitcoin’s market value and its network transaction activity.

Image: Santiment

The NVT Ratio compares the total dollar volume of Bitcoin transactions on-chain to Bitcoin’s market cap. Essentially, it measures the efficiency with which the blockchain is being used to move value.

Often, such high levels appear when speculation runs hot-when prices rise faster than utility justifies.

While institutional demand is contributing to the price increase, the high NVT ratio warns that the market may be overvalued, indicating a potential correction if network activity does not align.

Long-term holder confidence

Bitcoin’s Realized Cap HODL Waves stood at 0.537, indicating strong confidence among long-term holders. These investors show little interest in selling, adding stability to BTC’s price structure.

This sustained holding behavior provides confidence that Bitcoin’s price may not face substantial downside pressure. As long-term holders resist selling during price fluctuations, they help reduce market volatility.

Image: Santiment

The Stock-to-Flow Ratio for BTC was 267, signaling increasing scarcity. As the circulating supply tightens and demand continues to climb, the value proposition for BTC strengthens.

Naturally, this drives investor confidence, especially among institutions eyeing scarce digital assets with long-term upside.

Conclusion

With 41.3K BTC accumulated by institutional investors, rising social dominance, and decreased Miner Outflows, Bitcoin’s market sentiment remains bullish.

Although the high NVT ratio signals potential speculation, long-term holder confidence and a strong Stock-to-Flow Ratio support further price growth.

As institutional demand continues, Bitcoin’s scarcity and sustained support indicate strong potential for continued appreciation.