Bitcoin News
By Evie Vavasseur
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Institutions Filling the Gap. Ryan McMillin, Chief Investment Officer at Merkle Tree Capital, believes that the selling by OG…
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Whale Behavior in Focus. Not all whales are leaving the market. Data from Santiment, a crypto analytics platform, shows…
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The Rise of Institutional Bitcoin Treasuries. As OG holders exit, institutions are stepping in more aggressively.
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A Natural Market Evolution. Analysts agree that what’s happening now is part of a natural evolution.
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Final Thoughts. The departure of long-time Bitcoin holders might seem alarming at first glance, especially when…
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A significant change is happening in the Bitcoin market. Long-term holders, often referred to as "OG Bitcoiners," are selling their Bitcoin holdings, while new institutional…
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Over the past month, the Bitcoin market saw large sales from whales—wallets that have held Bitcoin for years, sometimes since the early days of its existence.
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Financial services firm Swan Bitcoin referred to this wave of selling as one of the biggest shifts in Bitcoin ownership history.
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Ryan McMillin, Chief Investment Officer at Merkle Tree Capital, believes that the selling by OG holders and simultaneous buying by institutions shows that Bitcoin is maturing.
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According to ZX Squared Capital's co-founder CK Zheng, this shift is part of a healthy market cycle.
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Not all whales are leaving the market. Data from Santiment, a crypto analytics platform, shows that wallets holding between 10 and 10,000 BTC have added 218,570 Bitcoin since…
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Meanwhile, CryptoQuant, another market analytics firm, confirmed that the recent price correction was primarily due to profit-taking by newer whales.
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Veteran crypto analyst Willy Woo also weighed in. He pointed out that whales with more than 10,000 BTC have been gradually reducing their holdings since 2017.
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As OG holders exit, institutions are stepping in more aggressively. Data from Bitbo shows that 219 entities now hold about 3.6 million BTC—valued at over $419 billion.
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Crypto treasuries are becoming increasingly popular among firms looking for inflation hedges or long-term growth assets.
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