On December 21, around 79 thousand BTC were dumped over a week by institutional investors, marking a local top that ended up generating a 15% correction later.
However, large players took advantage of the consolidation to open TWAP positions, patiently accumulating just below US$ 95K.
In the last 30 days, more than 34 thousand BTCs were accumulated by institutional investors, providing buying pressure for the current recovery in Bitcoin.
Note that although we have seen periods of rebalancing in institutional portfolios, the trend remains of on-chain accumulation since June 2023.
This indicates that at a time when retail demand is at a 5-year low, institutional interest remains high.
Written by caueconomy
