Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to Matrixport’s chief strategist.
Markus Thielen, the head of research and strategy at the financial services firm, told Cointelegraph the evidence shows that institutions are not “giving up on crypto” and is an indicator that we might be entering a new “crypto bull market now.” The data was shared in a Jan. 27 report from Matrixport, which suggests that it can be distinguished whether a digital asset is more favorable by retail or institutional investors at any given time based on whether that asset is performing well in the United States or Asian trading hours.
The report stated that if an asset that trades 24 hours “performs well” during U.S. trading hours, it indicates that U.S. institutions are buying it, while an asset that sees growth during Asian trading hours indicates that Asian retail investors are buying it.
This is great news for the whole cryptocommunity
It’s not good news for crypto if the demand is purely from one region. There’s a real determined collusion here to pump the price…
Adoption is a multistage process, institutional interest will lead to retail interest, use cases will increase, cyclic nature is normal, all part of the growth curve.
Do they know about $CAI tho? cryptoai_erc
Alternative conclusion: big boys are pumping btc on low volume now to lure retail back in to then dump it all on them. That’s not adoption, that’s just taking advantage of retail.
What made this news particularly good?
Im not sure that this is a good news, that means that ordinary people are not buying
Data shared in a Jan. 27 report from Matrixport, suggests that it can be distinguished whether a digital asset is more favorable by retail or institutional investors at any given time based on whether that asset is performing well in the United States or Asian trading hours.
Fantastic! Positive news like this is definitely crypto bullish 🚀. This is a huge step forward in mass adoption 📈. HODLing is the way 🤩.
String them along . People can't think for themselves. They need a hand to hold! And what happened last time the Moonboys went crazy like they are now? Sure it went up, then bam here they are. Doing the same thing again. People forget what happened last time.
SEI_Analytics
And yet they are the ones who Fud Bitcoin 🤔
That could be seen as bad news as well
Wouldn’t it be better news if Bitcoin were purchased by users and not investors? Ultimately we need daily volume. Maybe I’m seeing this incorrectly?
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The crypto market is so hot right now that even institutional investors are joining the party. WhenInRome
Begin the short? Idk, not FA
That's is pure bullish! Now they know what brings moneyyyy back bitcoinprice bitcoin ETH ALGO
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