Bitcoin, Institutions ‘Buy’, Individuals ‘Sell’…Clear Temperature Difference

Coinbase Detects Buying Trend Of Institutional Investors (Source: Bankrate)

The Head Of The Institutional Trading Division At Coinbase Revealed In A CNBC Interview That "Since April, Sovereign Wealth Funds And Institutional Investors Have Been Consistently Buying Bitcoin, While Retail Investors Are Engaging In Profit-taking And Showing Selling Trend."

This Trend Is Interpreted As Reflecting The Difference In Perspective On Bitcoin Amid Recent Macroeconomic Uncertainty And Global Asset Reconfiguration. Institutions And Sovereign Wealth Funds Are Accepting BTC As A Long-term Strategic Asset, While Retail Investors Are Avoiding Risks During Price Correction Phases.

In The Market, Expectations Are Also Growing That This Institution-driven Accumulated Buying Could Become The Basis For Bitcoin's Mid-to-long-term Rise.