caueconomy
The second largest institutional accumulation process of 2024đ¨
While many novice investors capitulated last week, with special emphasis on coins purchased between 1 and 3 months ago, institutional players made the largest accumulation process since March. The first months of the launch of Bitcoin ETFs were marked by an intense process of institutional accumulation. However, a large part of this accumulation was the funds issuing the ETFs themselves. On the other hand, last week an accumulation process of approximately 101.6 thousand BTC was recorded, but with a special detail: low volume of fundraising in ETFs and falling prices. This means that, unlike what was seen in March, which was a demand more linked to fundraising, the current institutional accumulation may indicate a true process of "buying the dip" in large players.