Don't be fooled for $BTC , I currently have no belief that the rise will continue, 80,000 BTC has been sold and 9 billion dollars in cash will exit the crypto market. The mentioned sale was made as an inheritance distribution. Considering that the heirs will not invest this amount of cash into altcoins, such an outflow of cash will slow down the market... 👍
Institutional demand may have absorbed the sales; however, we have not yet seen the effects of cash outflow. If this money were to be evaluated in DeFi projects, altcoins would thrive from here. The heirs will shape the market, just wait... 👍
