Bitcoin throne is shifting and fast. ๐ Big-time whales have sold off over 500,000 BTC in the past year, and guess who picked it up? Yep, the suits.
๐ Key Highlights:
๐ฆ Institutions like ETFs, asset managers, and public companies soaked up the supply.
๐ผ According to 10x Research, a total of 900,000 BTC (~4.8% of all BTC) was absorbed by institutions.
๐ BTC is hovering in the $109Kโ$110K range, despite bullish news.
๐ The slowdown? Institutions are more โHODLโ than โYOLOโ, so price spikes are tamer.
๐ง Vibe Shift:
Bitcoin going from wild west asset ๐ช๏ธ to stable boomer gold ๐ช.
Institutions are in it for 10โ20% annual gains, not moonshots.
Less FOMO, more long-term portfolios.
โ ๏ธ But Donโt Sleep on the Risks:
If whales start dumping again while institutions pause buying? Uh-oh. ๐ฌ
Past outflows in 2018 and 2022 saw BTC crash by 74% and 64%.
Bottom Line:
Bitcoinโs future might be more stable but less spicy. Good for big pockets, meh for degen traders.
DYOR. Not financial advice. ๐
Stay sharp and stay informed
#TrendTradingStrategy $BTC
