Bitcoin holds $28K due to spot buying, but institutional investors are still selling

by Aurelia Butler 21 March 2023, 19:00 169 Views

However, institutions have become net sellers of Bitcoin in 2023, which raises some red flags. Bitcoin whales, holding between 10 and 10,000 BTC, have not participated in the current rally. It appears that retail investors are mainly driving the uptrend. The divergence between whale and retail investment could cause a short-term pullback in Bitcoin prices.

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Source: Cryptocurrency - investing.com

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Bitcoin holds $28K due to spot buying, but institutional investors are still selling

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