For Bitcoin, the current quarter can end the greatest drawdown since the collapse of the beginning of 2018.
Strong negative dynamics directly affects the favor of institutional investors, which, according to Coinshares, is already the sixth week in a row to bring bitcoins from their portfolios. Only over the past 7 days, they sold BTC for $ 89 million.
Analysts Glassnode inform about the similar behavior of retail investors on over-the-counter sites and miners. By adding at the same time that over the past two months, Hodlers have significantly increased their cryptocurrency reserves.
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