Bitcoin demand surges: Institutional whales join forces to accumulate, on-chain data indicates a bullish trend.

Global demand for Bitcoin (BTC) is steadily rising.

Institutional investors and cryptocurrency whales are accelerating their accumulation of Bitcoin, while the adoption rate in the traditional financial (TradFi) sector is also steadily increasing. This trend is fully reflected in the surge of open interest (OI) in the cryptocurrency market.

Institutional Entry: BlackRock Increases BTC Spot Holdings Recently, asset management giant BlackRock increased its Bitcoin portfolio by approximately 1,388 BTC (worth about $164.3 million), highlighting the growing interest of institutional funds in cryptocurrencies. Meanwhile, whale activity has significantly intensified, with multiple large wallet addresses being monitored for accumulating large amounts of Bitcoin. This model of institutional and whale collaboration in accumulation is often seen as a key signal of "Smart Money" — that is, experienced and well-funded investors — casting a strong vote of confidence in the long-term value of Bitcoin.

Derivatives Market: Surge in Open Interest Indicates Bullish Sentiment In-depth analysis of on-chain data metrics shows that Bitcoin's open interest continues to rise across major derivatives platforms, strongly supporting the growth in demand. Open interest (OI) represents the total number of outstanding contracts, which has steadily increased over the past month. This indicates that more incremental capital is flowing into the crypto market, both in anticipation of price increases and in preparation for hedging market volatility. Importantly, this trend is driven not only by retail trading volume; the institutional capital flowing in through regulated products like Bitcoin spot ETFs is becoming the dominant force. This shift is expected to build a stronger and more stable foundation for Bitcoin's next price surge.

On-chain Demand: 30-day indicators show strong accumulation momentum According to CryptoQuant's 30-day Apparent Demand indicator, Bitcoin is undergoing a sustained accumulation phase. This on-chain metric tracks broader demand trends and effectively filters out short-term market noise. AMBCrypto's analysis of the same data is also based on 30-day cumulative data, pointing to a positive demand outlook. Historical experience shows that similar accumulation patterns often herald the arrival of a bull market. Coupled with the current sustained institutional interest, this trend paints an optimistic picture of Bitcoin's potential demand-driven rise.

Supply Tightening: Reduced Block Output Intensifies Scarcity In sync with the growing demand, the decline in Bitcoin block production speed has further reinforced its bullish trend. Recently, the number of blocks mined on the Bitcoin network has decreased, leading to a slowing down of new Bitcoin entering circulation. This has resulted in Bitcoin supply tightening, while demand from whales and institutions continues to surge. This decline in supply significantly enhances Bitcoin's bullish momentum, especially in a market environment where whale buying pressure continues to increase. Under the dual effect of supply tightening and surging demand, market dynamics are evolving in a direction favorable for further increases in Bitcoin prices.