Bitcoin Accumulation: Data Shows Institutions Are Net Buyers Again

After a phase of net Bitcoin selling, on-chain data suggests institutional entities have started accumulating the cryptocurrency once more. Bitcoin Rose Over 41% The Last Time Institutions Turned Into Net Buyers As pointed out by Capriole Investments founder Charles Edwards in an X post, institutions have once again turned into net buyers of Bitcoin. Below is the chart shared by Edwards that shows the trend in institutional behavior over the last few years. From the graph, it’s visible that institutional investors switched their behavior to selling back in October as Bitcoin observed a bearish shift following its price top above $126,000. Related Reading: Bitcoin Miner Capitulation Ends: Hash Ribbons Flash Buy Signal The distribution calmed down as the cryptocurrency...