Low-Risk Appetite Continues to Play Out in Bitcoin Market Based on Diminishing Institutional Activity - BitcoinEthereumNews.com
Bitcoinघटती संस्थागत गतिविधि के आधार पर बिटकॉइन बाजार में कम जोखिम वाली भूख जारी है07 / 27 / 2022बिटकॉइन एथेरियम समाचार Institutional activity remains sluggish as bitcoin hovers around the lower $20K level, depicting a low-risk appetite. On-chain analyst Caue Oliveira ने बताया: “Low institutional activity evidences de-risking movement by traditional whales. Looking at the daily trading volume in mutual funds traded in the traditional market with direct/indirect exposure to BTC, we can see the current low-risk appetite.” Source:CryptoQuant/CaueOliveira Institutional investment has played an instrumental role in enabling Bitcoin to hit all-time highs (ATHs). For instance, BTC breached the then-historic highs of $20K in December 2020 after failing to do so for three years as more institutional investors joined the network. Furthermore, institutional investments enabled the leading cryptocurrency to record the latest ATH of $69,000 in November last year. Nevertheless, retail investors continue jumping on the Bitcoin bandwagon based on the rise of non-zero BTC addresses. Market insight provider Glassnode वर्णित: “The number of BTC addresses holding 0.01+ Coins just reached an ATH of 10,560,930. Previous ATH of 10,560,117 was observed on 26 July 2022.” स्रोत: ग्लासनोड Despite the back and forth being experienced in the BTC market, long-term objectives continue to take shape. Through its weekly report dubbed “Conviction Through