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Bitcoin market landscape changes: long-term holders sell, institutional investors catch a falling knife
Gate News bot news, Bloomberg reports that the Bitcoin market is quietly undergoing a transfer of control. Miners, offshore funds, and anonymous wallets, which are long-term holders, are gradually selling about 500,000 Bitcoins, while institutional investors such as ETFs, corporations, and asset management companies are taking over at almost the same rate.
This trend has made it difficult for Bitcoin to break through the historical high of $110,000, with volatility dropping to its lowest level in two years. Analysts believe that this phenomenon is redefining Bitcoin's position in the investment landscape, marking a significant change in the structure of the cryptocurrency market.