Coinbase reports a stark contrast in Bitcoin (BTC) buying behavior. According to their Head of Institutional Trading on CNBC, sovereign wealth funds and other institutions have been accumulating Bitcoin since April. This suggests a long-term bullish outlook from these large entities. Interestingly, this institutional accumulation coincides with individual investors selling off their Bitcoin holdings. While the reasons for this divergence are varied, potential factors include individuals taking profits, reacting to market volatility, or shifting to other investments. This trend highlights the increasing maturity of the Bitcoin market, where institutional participation plays a significant role. It also suggests that Bitcoin is increasingly viewed as a legitimate asset class by major financial players, irrespective of short-term market fluctuations or individual investor sentiment. The long-term implications of this trend remain to be seen. ```

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