Cryptocurrency News

Large institutions sold $5.5B in BTC since May — and we’re still here

07/22/2022

Less than a minute

2022.07.22 08:13

Large institutions sold $5.5B in BTC since May — and we’re still here

Since May 10, as much as 236,237 Bitcoin (worth $5.452 billion) has been sold by “large institutions” — mostly as a result of forced selling.

A Twitter (NYSE:TWTR) thread from Arcane Research analyst Vetle Lunde details how and when many institutional Bitcoin holders began selling their stacks. Lunde stated that “it all started with Do Kwon.”

BTC market growth

07/22/2022

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