Bitcoin Sees Surge in Institutional Demand Amid Market Volatility

A recent on-chain awakening saw a dormant wallet move 2,100 BTC, equivalent to approximately $147.7 million, after being inactive for over 13 years.

According to data recorded on March 20, this sudden movement has sparked interest in the cryptocurrency community.

In related news, institutional demand for Bitcoin is significantly outstripping miner production, with accumulated purchases by global institutions currently exceeding three times the amount of newly mined coins.