The second largest institutional accumulation process of 2024

🔥

While many novice investors capitulated last week, with special emphasis on coins purchased between 1 and 3 months, institutional players carried out the biggest accumulation process since March.

The first months of the launch of Bitcoin ETFs were marked by an intense process of institutional accumulation.

However, a large part of this accumulation was the ETF issuing funds themselves.

On the other hand, last week an accumulation process of approximately 101.6 thousand BTC was recorded, but with a special detail: low volume of funding in ETFs and falling price.

This means that, unlike what was seen in March, which was a demand more linked to raising funds, the current institutional accumulation may indicate a true "buy the dip" process in large players.