Bitcoin whales are capitalizing on their profits, selling their holdings as BTC recently fluctuated around 115,446 USD. This transition from old Bitcoin to institutional investors signals integration with the financial system, with new buyers stepping in to reflect a thriving market.
The movement of Bitcoin is compared to the financialization of gold, highlighting the evolution of asset ownership and market order. Analysts, including Ryan McMillin of Merkle Tree Capital, emphasize that this trend will likely stabilize Bitcoin’s volatility as institutions seek exposure.
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