interesting phase in the Bitcoin market.
BlackRock just bought $111.4M worth of Bitcoin, while Michael Saylor has been selling into strength.
Despite the recent headlines around the Coldcard hardware wallet hack, institutional demand doesn't appear to be slowing down.
One of the largest asset managers is adding exposure, while one of Bitcoin's biggest corporate bulls is reducing it. Different players, different strategies but it's definitely an interesting phase to watch.
The next few weeks should tell us whether this is simply portfolio rebalancing or the beginning of a bigger shift in market positioning.
What do you think?
#bitcoin #BTC
BlackRock just bought $111.4M worth of Bitcoin, while Michael Saylor has been selling into strength.
Despite the recent headlines around the Coldcard hardware wallet hack, institutional demand doesn't appear to be slowing down.
One of the largest asset managers is adding exposure, while one of Bitcoin's biggest corporate bulls is reducing it. Different players, different strategies but it's definitely an interesting phase to watch.
The next few weeks should tell us whether this is simply portfolio rebalancing or the beginning of a bigger shift in market positioning.
What do you think?
#bitcoin #BTC