The price of this most volatile of assets, Bitcoin, finds itself in a state of most alarming depreciation, descending with all the grace of a disgruntled goose towards the $90,000 mark. One might speculate whether this heralds the onset of a most unseemly bear market, though I dare say the market’s temperament is as fickle as a maiden’s affections.
Are Bitcoin Institutional Investors Exiting?
In a most unexpected turn, several grand corporations have begun to exhibit signs of alarm, their previously steadfast confidence in Bitcoin now marred by the tempest of volatility. The once-revered institutional investors, who were thought to be the stabilizing force of this nascent market, now find themselves retreating, their holdings unwound with the haste of a man fleeing a duel.
Among these, the esteemed firm of Galaxy Digital has taken to the shadows, quietly divesting itself of its Bitcoin holdings-a most curious development for a company that had long been a paragon of accumulation. One might wonder if the specter of uncertainty has finally reached even the most fortified of institutions. 🐐
According to the astute Mr. Darkfost, this firm, under the patronage of the illustrious Mr. Mike Novogratz, has been most active, shedding thousands of BTC with the urgency of a man pursued by a mob. During this period, Galaxy Digital transferred over 2,800 BTC, a sum that would make even the most thrifty of housewives weep with envy. 🧠
Data from this sagacious expert reveals that 1,474 BTC, valued at a tidy $135 million, were swiftly transferred to America’s most prominent exchange, Coinbase Prime. One might surmise that this act of selling shall prolong the current downward spiral, though I daresay the market’s capricious nature is as unpredictable as a cat’s leap. 🐾
Though the sales remain largely under control, they hint at a strategic repositioning in the face of escalating volatility and shifting tides. Should this trend gain traction among the elite, it may well alter the course of BTC’s journey in the coming weeks and months. A most precarious situation, indeed. 📉
BTC’s Current Downtrend Driven Largely By Long-Term Holders
Since the sharp decline in Bitcoin’s price, numerous developments have been attributed to this downturn. However, the most notable is the most unseemly behavior of long-term holders, those OGs who once seemed the bedrock of the market. 🕵️♂️
As reported by the discerning Mr. Ki Young Ju, founder of CryptoQuant, the current dip is a result of these long-term holders engaging in a most peculiar dance, transferring their coins to TradFi players, who shall, no doubt, hold them with the same fervor as a squirrel hoarding nuts. 🐿️
At the beginning of the year, Young Ju prophesied that BTC had reached its zenith, bringing an end to the bull cycle. The increased selling pressure from these OG whales supported his forecast. Meanwhile, the current trends suggest a market structure that has shifted, with ETFs, MSTR, and other new channels persistently adding fresh liquidity. A most unexpected turn of events! 🔄
Despite the waning price performances, caused by these OG whales dragging the market, on-chain inflows remain robust. These days, corporate treasuries, multi-asset funds, pension funds, and sovereign funds are creating even larger liquidity channels. Young Ju claims that as long as these channels remain active, the cycle theory is dead-though I suspect he may be as mistaken as a blindfolded archer. 🎯
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2025-11-19 23:15