Bitcoin has fallen more than 70% from its all-time high in November 2021 and has triggered selling pressure with it. While it seemed that institutional investors were going to hold through the bear market, this has not been the case. Over the last couple of months, the sale of bitcoin in the open market has ramped up, and institutional investors have been revealed to have sold a large percentage of their holdings.
Institutional Investors Offload Bitcoin
The sell-offs from the institutional investors have been rocking the market, but due to the sales not being disclosed at the time of the sales, the market did not know these companies were offloading their holdings until much later.
