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Institutions buy 100000 bitcoin worth 5 7 billion during dip
💰 Buying the dip?
Institutional investors added 100,000 $BTC ($5.7 billion) last week despite Bitcoin's price drops to multimonth lows.
According to CryptoQuant, entities holding 1,000 to 10,000 BTC have rapidly increased their exposure since early June.
This recent accumulation suggests strong institutional conviction, contrasting with March's ETF-driven inflows.
Meanwhile, short-term holders face significant unrealized losses, and overall market sentiment has dropped to "extreme fear."
