Why is the price of BTC declining despite 30% being held by large institutions?

Institutions control approximately 5.94 million BTC, representing close to 30% of the circulating supply. As U.S. Banks launch more Bitcoin-linked products, the sell-side pressure is expected to lessen over time.

Recent price drops are attributed to forced liquidations in the Futures market. BTC’s movements are now closely tied to its performance against the critical $82,800 mark on the 2-Year SMA, indicating potential future trends.