In the past 24 hours, Bitcoin (BTC) has seen a significant price pullback in tandem with the wider cryptocurrency market, which marked a $300 billion loss over the weekend.
To be precise, BTC has lost 6.76% in value on the daily chart.
BTC price 1-day chart. Source: Finbold
In contrast to the recent crash, institutional investors seem to have retained a bullish outlook.
In the past two months, 76 new entities that hold more than 1,000 BTC have joined the network, per an April 7 X post from renowned cryptocurrency technical analyst Ali Martinez.
Chart depicting the number of entities holding more than 1,000 BTC. Source: Ali Martinez on X / Glassnode
This represents a 4.6% increase in the number of accounts holding more than 1,000 Bitcoins. Despite the leading digital asset crashing below $80,000, institutional investors are not selling their holdings — so at least one aspect of Bitcoin demand remains stable.
Institutional Bitcoin demand is a long-term bullish signal
We współpracy z: https://finbold.com/institutional-btc-demand-soars-despite-bitcoin-price-crash/
