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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

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.”