Bitcoin has seen a 23% decline from its peak of nearly $125,000 in early October, yet institutional investors remain largely unfazed. CoinShares reports that professional investors have only slightly reduced their positions, while long-term investors, including pension funds and sovereign wealth funds, continue to accumulate Bitcoin. Despite the price drop, global Bitcoin ETFs have experienced positive net inflows, indicating that recent selling pressure was primarily due to long-term holders taking profits rather than institutional outflows.