Bitcoin whales emptying their bags on institutional investors

Bitcoin fans have been moved recently. Why is the price stagnant, even with all the noise created by youth like President Donald Trump? The White House was largely seen as enacting a supportive agenda and even got the first encryption in David Sachs, after all. You believed the prices would rise. Well, there is a simple answer, according to a new report from Bloomberg News. Perhaps the non -wealthy encryption dealer will not like.

according to BloombergThe long whales, which include bitcoin miners, foreign boxes, and anonymous governor kept in shaded personalities, have received their bags over the past year. For those who were selling? Founding players such as traded investment funds and asset managers. Basically, all people who invested years ago when the price was much lower, as they continue for people who have a lot of money to play with them.

“Under the surface, the long whales were pruning situations as institutions were satisfied with their purchase. This transformation gradually returns to the bitcoin identity from high octane trade to slow customization,” as Bloomberg He puts it.

The Bitcoin price is currently sitting less than its highest level ever, which is $ 112,000 ($ 109,500 to this lines) and refused to get out of this in any big way in recent months. Bloomberg cited a 10x research, which is noticed that about 500,000 Bitcoin has been sold over the past year, as it was extracted by these institutional players. Indeed, it is now estimated that the institutions control about a quarter of all Bitcoin in the world, which has a large transformation since the investment funds circulated in Bitcoin recently were approved in January 2024.

What does all this mean for the future? Nobody definitely knows. But it is quite possible that these huge fluctuations in the price that everyone used to during the first and a half decade of Bitcoin are. The large call of cryptocurrencies like Bitcoin was the ability to see enormous gains in a short period of time. But if that slows down, the encryption markets become much less attractive to those looking for a gambling rush.

But there are many optimistic people, including 10x research, Writing on x“The main narration behind Bitcoin’s recovery since late April has not only kept – he has received new support. After the upcoming settings in December, January, and June, Bitcoin again tries to break above the level of $ 110,000. “

like Coindsk Notes, that encryption traders indicate that things may become harsh for bitcoin in the near future. It seems that many people are interested in reducing bitcoin these days. But the encryption news ports indicate that this does not mean that the price will necessarily decrease. It is completely possible that these people are in short pressure. But if there is a large sale in the coming months, it will be easy to look back and refer to the people who obtained it correctly: all these whales who sold the institutional investors who are now leaving the bag.