Get out of bitcoin whale, institute drive market maturity

While many bitcoin whales “woke up” to sell their BTCs in big profits in the last month, as it was with rallies of over $ 122,000, analysts say it is a good sign of a mature market and does not change the value of bitcoin.

In an X post on Wednesday, Bitcoin Financial Services Company Swan Bitcoin said that bitcoin (BTC) is the biggest rotation in history sentence, such as corporations and treasury firms.

Earlier in the month, Ek whole of the Satoshi era launched its entire pile of 80,201 bitcoins at a price of $ 9.6 billion in several transfers.

At one point, drowning the transfer, the price as a sale was 4% submerged, but according to Bitcoin Resparer Vijay Boyapati, it did not remain even longer.

Meanwhile, the market data analytics firm Cryptocwant agreed that recently the bitcoin cell-in-in was realized the benefit from the new whale, which failed to keep the bitcoin above a point of $ 120,000.

Crypto Anlysty Willie Wu said in June that SIN 2017 has been sealed continuously with more than 10,000 bitcoins, in response to a question about what is self -interested in the institute.

Hedge Fund co-founder says whale sales are good for bitcoin

Speaking to Cointelegraph, CK Zheng, co-founder and chief investment officer of the ZX Squred Capital, said that due to selling offson, because new buyers are jumping, showing “a new bull’s healed dynamic”.

Crypto Data Research platform this time limit.

Bitcoin’s Ants BTC has about half trillion

Zheng said that institutional players enter space because the OGS exit is “natural development of the system” and makes a form of order.

Crypto Treasury, in particular, is popular with firms trying to come in contact with bitcoin.

According to Bitbo data, there are 219 institutions, which have cost more than $ 419 billion to 3.6 million bitcoins. This includes exchange-traded funds, country, public and private companies, bitcoin mining companies and DEFIs.

“I think you now have corporate treasury, bitcoin treasury, which is like an institutional order, and then ETF market, they play a different stretch machine,”.

“This is a different type of order in the future development of the bitcoin process; it is a healthy way (…) for future development.”

However, in the near future, Zheng stated that the possibility of instability in the price of bitcoin will continue until the bitcoin becomes “True Digital Gold”, which can take the first and cycle of the up and down.

Bitcoin shows the maturity of the entire exit market

Ryan McMillin, Chief Investment Officer of Australian Crypto Investment Manager Mercley Trey Capital, told Cointeletgraph that the representative representative of Satoshi-Yuga bitcoin movements is a slow but clear trend in Bitcoin Financialization.

“Bitcoin is a sign of market maturity and integration with finance arrangements, for the institute and ETFS, with early wallets, early adopted, soldiers, soldiers and liberatorian techniques,” he said.