Large custody wallets have amassed $53 billion in Bitcoin over the last year, signifying strong institutional interest. Also, 577,000 BTC were added to wallets holding between 100 and 1,000 BTC, showcasing a rising trend in institutional investments.
However, retail sentiment has turned cautious, as indicated by the Bitcoin Fear and Greed Index dropping to 32 on Tuesday. The price of Bitcoin has recently dipped below 92,000 USD after peaking at 97,000 USD.
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