Bitcoin Sees “Most Aggressive” Institutional Selling Ever, Analyst Says
The founder of Capriole Investments has highlighted how Bitcoin is currently facing the most net selling pressure from institutions in history. Bitcoin Is Observing An Exit From Institutional Entities In a new post on X, Capriole Investments founder Charles Edwards has discussed the latest trend in the behavior of institutional entities on the Bitcoin network. To gauge institutional activity, Edwards has used the spot exchange-traded funds (ETFs) and treasury companies as a proxy. Spot ETFs are investment vehicles that trade in traditional markets and allow for indirect exposure to BTC. Similarly, treasury companies hold BTC on their balance sheet, making their stock price tied to the cryptocurrency’s movements. Traditional institutional entities are typically wary of blockchain infrastructure, so they tend to take one of the regulated, indirect routes into the asset. Now, here is the chart shared by the analyst that shows how the monthly rate-of-change (ROC) in the combined ETF...