[Analysis] Bitcoin Surge Post US Election Driven by Major Investors

Image=CryptoQuant

Following the recent US presidential election, Bitcoin (BTC) surged to the $100,000 mark, significantly influenced by major investors.

On the 25th, CryptoQuant shared charts showing the Bitcoin holdings of major investors and retail investors, stating, "Since the recent US election, the Bitcoin holdings of major investors increased from 16.2 million to 16.4 million. In contrast, during the same period, the Bitcoin holdings of retail investors decreased from 1.75 million to 1.69 million."

This suggests that the buying pressure from major investors played a crucial role in Bitcoin's upward trend over the past two months. Bitcoin, which was only $67,000 on the US election day, surged by about 60% over the past two months as the crypto-friendly president Donald Trump was elected.