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Yesterday, BlackRock IBIT fund inflows hit a record high since March
On July 23, BlackRock IBIT net inflows of $523.3 million yesterday, the highest since March this year.
CryptoQuant’s latest on-chain data analysis shows that Bitcoin holders are clearly reluctant to sell their assets, indicating that investors are increasingly confident in the long-term prospects of cryptocurrencies as people regain interest in BlackRock’s Bitcoin ETF.
The number of Bitcoin deposit addresses across all trading platforms has fallen to a low of 25,000, indicating that more investors are choosing to hold Bitcoin rather than sell it, perhaps in anticipation of further price appreciation.
