Market sentiment is always swinging - shouting 150,000 when it rises, looking at 90,000 when it falls. But the reality is, this round of pullback feels more like a healthy adjustment rather than a transition to a bear market. Ahead of the September interest rate meeting, expectations for rate cuts still bolster the market; as long as there are no surprises in policy, August is likely to stabilize. Moreover, the continuous buying by institutions has already provided a clear answer 📈.
Regarding Ethereum
BMNR data shows that last week institutions significantly increased their positions during the pullback, with ETH holdings rising from 1.15 million coins to 1.52 million coins, sweeping up 370,000 coins in a week, valued at approximately $1.58 billion.
Regarding Bitcoin
SoSoValue statistics show that last week, global listed companies (excluding mining companies) had a net inflow of BTC funds reaching $280 million.
Strategy invested $51.4 million, average price $119,666, increased holdings by 430 coins, total holdings reached 629,376 coins;
Japan's Metaplanet purchased $154 million, increasing holdings by 1,293 coins, total holdings 18,888 coins;
The remaining 5 companies have also followed suit, collectively increasing their holdings by over 600 BTC.
As of now, global listed companies (excluding mining companies) hold a total of 714,010 BTC, valued at approximately $82.24 billion, accounting for 3.59% of Bitcoin's circulating market value.
Institutions are telling the market with real money: this is not a bear market, but an opportunity. Getting on board during the pullback might just be the logic of the winners 🚀
At Mlion.ai, we are tracking the movements of these large funds, turning complex data into clear market insights, allowing you to see the trends amidst the turbulence.
👉 mlion.ai
