After a phase of net Bitcoin selling, on-chain data suggests institutional entities have started accumulating the cryptocurrency once more.
Bitcoin Rose Over 41% The Last Time Institutions Turned Into Net Buyers
As pointed out by Capriole Investments founder Charles Edwards in an X post, institutions have once again turned into net buyers of Bitcoin. Below is the chart shared by Edwards that shows the trend in institutional behavior over the last few years.
From the graph, it’s visible that institutional investors switched their behavior to selling back in October as Bitcoin observed a bearish shift following its price top above $126,000.
The distribution calmed down as the cryptocurrency stabilized into a phase of consolidation in December, with a turn to positive levels starting to appear. The metric has now grown further in the new year, a potential sign that institutional behavior may really be changing to one of net accumulation.
In the chart, the analyst has highl
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