Institutional investors have purchased $405 million worth of Bitcoin during recent market dips, transferring 4,094 BTC from major exchanges such as Coinbase, Cumberland, Galaxy Digital, and Wintermute to Anchorage Digital. This significant acquisition indicates a strong long-term confidence in Bitcoin's value despite current market volatility. Blockchain analytics firm Lookonchain highlighted this strategic accumulation, which reduces exchange supply and could impact market sentiment and price dynamics.
Institutions Acquire $405M in Bitcoin Amid Market Dip
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