CoinShares just dropped their Q1 13F analysis, giving us a fascinating peek into how the big institutional players moved their
$BTC . It seems professional Bitcoin holdings took a pretty significant dip during that period.
The data shows a fall from 313,000
$BTC down to 261,000
$BTC in a single quarter, marking a 17% reduction overall. That's a substantial amount of exposure being pulled back from the market by these larger firms, affecting the broader crypto sentiment, even for assets like
$ETH .
What's really striking is who was driving this. Out of the roughly 52,500
$BTC reduction reported by 13F filers, hedge funds and brokerages were behind almost all of it, accounting for about 95% of that decline. Hedge funds specifically slashed their holdings by 39%, while brokers cut theirs by a massive 53%. This really highlights a targeted de-risking strategy by certain parts of TradFi during Q1.
#Bitcoin #CryptoMarket #InstitutionalMoney #Q1Report #MarketAnalysis