CryptoQuant: Crypto market has entered its second largest institutional accumulation

According to experts, this anticipates future returns for institutional investors as the industry recovers by the end of 2024.

"The market has entered the second largest institutional accumulation, with investor confidence on the rise," CryptoQuant stated.
According to analysts, the current situation presents a favorable opportunity to enter the industry, regardless of the current volatility. The accumulative activity of institutional investors can significantly affect the market as a whole, strengthening its stability and providing an upward trend in the prices of digital assets, experts believe.

Earlier, CryptoQuant said that the bitcoin rally will resume in the third quarter of 2024. According to analysts, the growth of the rate of the first cryptocurrency will be due to a decrease in sales by miners.