Institutions Holding 1,000+ BTC Drop by 17 Over 2 Weeks
CryptoNewsTerminal Staff14 Sep, 2024
Institutions Holding 1,000+ BTC Drop by 17 Over 2 Weeks
The number of entities holding 1,000 or more Bitcoin (BTC) has declined by 17 over the past 2 weeks, according to crypto analyst and trader Ali Martinez. Various reasons could explain this drop. Some of these institutions may have sold their BTC holdings, while others may have redistributed them. The decline in the number of institutions holding large amounts of BTC could be a sign that some investors are becoming more cautious about the cryptocurrency market, or they see better opportunities elsewhere. It could also indicate that these institutions are taking profits after the recent rally in the BTC price.
