Institutional demand for Bitcoin prevails despite SEC roadblocks, thanks to...
Source: CryptoQuantInstitutional investors, such as hedge funds, investment firms, and cryptocurrency private funds, hold cryptocurrency assets. These assets are known as “fund holdings.” Examining these holdings offers valuable insights into market dynamics and investor sentiment.
The behavior of these large investors indicates that they are willing to bet on Bitcoin in the long run, implying a bullish future for the king coin. The optimistic behavior showcased by these large investors was paralleled by trader activity.According to TheBlock’s data, the put-to-call ratio of Bitcoin trades declined significantly. A declining put-to-call ratio typically indicates a shift in sentiment towards a more bullish or optimistic market outlook.
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