Bitcoin's recent price decline has not deterred institutional interest, according to Coinbase's Head of Institutional Strategy. Major financial entities, including Citibank, JPMorgan, and the Czechoslovakian National Bank, have either expanded their crypto activities or confirmed plans to purchase Bitcoin. Despite the price weakness, futures open interest and active wallet numbers remain stable, indicating ongoing market participation.
On-chain data from CryptoQuant reveals that Bitcoin's Sharpe Ratio has reached multiyear lows, suggesting improved risk-reward conditions. However, this does not confirm a market bottom, as institutional activity continues to provide a stabilizing influence amid price fluctuations.
Bitcoin Price Decline Contrasts With Steady Institutional Interest
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