Institutional Investors Load Up on Crypto During Bear Market: FalconX
CryptoNewsTerminal Staff06 Aug, 2024
Institutional Investors Load Up on Crypto During Bear Market: FalconX
Institutional Buyers Jump into the Crypto Market Institutional investors are actively purchasing cryptocurrencies despite the ongoing bear market, according to FalconX, a leading crypto prime brokerage. Buying the Dip As of June 6th, prop desks, hedge funds, venture capital funds, and family offices were all buying more crypto than selling, FalconX reported. The buy/sell ratio has surged from below 50% last week to above 50% today. Bitcoin Dominates Bitcoin (BTC) saw 2.8 times more volume than Ethereum (ETH), and BTC and ETH combined accounted for twice the trading volume of all other altcoins combined. This surge in institutional buying indicates that major players in the financial world are betting on the long-term growth of the crypto industry, despite the short-term fluctuations in prices. ```
