Bitcoin Sees “Most Aggressive” Institutional Selling Ever, Analyst Says
The founder of Capriole Investments has highlighted how Bitcoin is currently facing the most net selling pressure from institutions in history. Bitcoin Is Observing An Exit From Institutional Entities In a new post on X, Capriole Investments founder Charles Edwards has discussed the latest trend in the behavior of institutional entities on the Bitcoin network. […]
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The question reverberating across —whether a decisive break below $105,000 would end the Bitcoin bull cycle—drew a crisp rebuttal from popular market analyst CrediBULL Crypto (@CredibleCrypto). In a pair of late-night posts to his 476,000 followers, he argued that while $105,000 is a key threshold for the “most aggressive” upside path, a loss of that level would not, by itself, terminate the higher-time-frame uptrend. “No, if $105,000 is lost it’s not ‘over’ it just means the most aggressive/bullish scenario is out of play and a deeper correction is a lot more likely,” he wrote. “HTF....
Global investment bank Goldman Sachs is seeing huge institutional demand for bitcoin with no signs of abating. A survey of Goldman’s institutional clients shows that 61% expect to increase their cryptocurrency holdings. Meanwhile, 76% say the price of bitcoin could reach $100,000 this year. Goldman Sachs Sees No Signs of Institutional Demand for Bitcoin Abating In a podcast published Friday, Mathew McDermott, head of Digital Assets for Goldman Sachs’ Global Markets Division, discusses the cryptocurrency trading environment for institutional investors. He explained that his team....
Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional Demand for Crypto State Street, a leading investment management firm, sees unwaning institutional demand for cryptocurrency despite market sell-offs, the Sydney Morning Herald reported Monday. Irfan Ahmad, State Street Digital’s product lead for the Asia-Pacific region, said the banking giant’s....
Bloomberg's top ETF analyst Eric Balchunas sees 2021 has explained why the approval of a bitcoin ETF in the U.S. might be imminent.
Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell” rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With Microstrategy’s ‘Disproportionate Focus on Bitcoin’ While Citigroup has recently been bullish on bitcoin, Citi analyst Tyler Radke is not so convinced by Microstrategy’s announcement on Monday that it intends to offer $400 million of convertible senior notes and use the sale....