$BTC is now at 82794.76.
There’s some news from the institutional side: Analysts say BTC exchange reserves have risen to around 2.68 million coins, spot demand has turned negative again, and whale accumulation is mixed.
Basically, I usually treat institutional buying and selling as a reference point, but I don’t plan to follow their lead.
It sounds like a fairly significant piece of news, but the market has never been driven by news alone.
I’ll make a note of it and revisit later. Am I understanding this correctly? Anything to add?
There’s some news from the institutional side: Analysts say BTC exchange reserves have risen to around 2.68 million coins, spot demand has turned negative again, and whale accumulation is mixed.
Basically, I usually treat institutional buying and selling as a reference point, but I don’t plan to follow their lead.
It sounds like a fairly significant piece of news, but the market has never been driven by news alone.
I’ll make a note of it and revisit later. Am I understanding this correctly? Anything to add?