/biz/ - Business & Finance

Anonymous Mon Jan 2 20:29:41 2023 No.53108801 [View]
File: 64 KB, 1824x886, 1000 btc addresses.png [View same] [iqdb] [saucenao] [google]

>>53104704
Graph seems to imply that "institutions" (those able to acquire 1,000 btc at prices north of 10k/per) were what drove most of this cycle from 2018-21 judging by the magnitude of the increase in wallet addresses, which peaked in early 2021 with the broad market and have been selling off since

institutions probably don't have long-term faith in BTC and were just here for a quick buck to play the cycle. They now appear to be capitulating into the hands of smaller holders, as the 1+ btc and 10+ btc address counts have been spiking (especially 1+ btc)

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/biz/ - Business & Finance

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