By default, institutional investors trade based on market opportunities, with little long-term vision.
Unlike convinced Bitcoin investors, who seek to create long-term reserves, whales generally seek medium-term profits.
We can easily identify this behavior through the monthly variation of Bitcoin reserves of entities with more than 1,000 BTC.
Note that there is a pattern of accumulation and distribution, directly impacting pricing.
After an intense period of distribution in March, institutional investors began the process of reaccumulation in the last two weeks.
This buying pressure has already started to impact market prices, but it should intensify in the coming weeks.
Written by caueconomy