I was just talking to a friend about this: Bitdeer is maintaining zero Bitcoin holdings and sold 294.2 BTC this week.
My friend asked what I thought, and I told him: Institutional buying doesn’t mean the price will rise right away—don’t confuse the two.
On the bright side, this is a plus for the sector, but one news story won’t sustain it for long.
Bottom line: don’t act impulsively.
Leave $BTC lots on hold for now. What’s your first reaction when you see this?
My friend asked what I thought, and I told him: Institutional buying doesn’t mean the price will rise right away—don’t confuse the two.
On the bright side, this is a plus for the sector, but one news story won’t sustain it for long.
Bottom line: don’t act impulsively.
Leave $BTC lots on hold for now. What’s your first reaction when you see this?