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<p>The post <a href="https://coinpedia.org/news/institutions-dumping-bitcoin-a-major-factor-behind-recent-price-drop/">Bitcoin Selloff: Why Major Institutions Are Selling Bitcoin?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/news/here-is-why-you-should-not-sell-your-bitcoin-top-analyst-weighs-in/" target="_blank" rel="noreferrer noopener">Bitcoin has faced</a> intense selling pressure recently, with its price dropping sharply below $54,000 in August. This notable downturn is primarily driven by significant selling activities from institutional investors, a trend that has left the cryptocurrency market in a state of flux.</p> 
<h2 class="wp-block-heading" id="h-institutional-sell-off-hits-bitcoin-hard">Institutional Sell-Off Hits Bitcoin Hard</h2> 
<p>According to Wise Advice, a prominent crypto influencer, one of the main drivers behind Bitcoin’s recent price decline is the sell-off by institutional investors. Recent data reveals that significant Bitcoin transfers have been made to exchanges, a clear indication that major institutional players are either taking profits or repositioning their portfolios.</p> 
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   <p lang="en" dir="ltr">Institutions are dumping BTC <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">&nbsp;<br>&nbsp;<br>Since August bottom <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>&nbsp;<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53b.png" alt="🔻" class="wp-smiley" style="height: 1em; max-height: 1em;"> Fidelity has sold 16000 BTC worth $915 million.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53b.png" alt="🔻" class="wp-smiley" style="height: 1em; max-height: 1em;"> ArkInvest has sold 7,000 BTC worth $400.4 million<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53b.png" alt="🔻" class="wp-smiley" style="height: 1em; max-height: 1em;"> Grayscale has sold 15,000 BTC worth $858 million.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53b.png" alt="🔻" class="wp-smiley" style="height: 1em; max-height: 1em;"> Along with that, Ceffu has sold nearly 3124 BTC worth… <a href="https://t.co/4PlbMcGDLH">pic.twitter.com/4PlbMcGDLH</a></p>— Wise Advice (@wiseadvicesumit) <a href="https://twitter.com/wiseadvicesumit/status/1831585077546909730?ref_src=twsrc%5Etfw">September 5, 2024</a>
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<p>Leading the institutional sell-off is Fidelity, one of the prominent players who has sold off 16,000 BTC, which is valued at approximately $915 million. Followed by Grayscale who has, offloaded 15,000 BTC, amounting to roughly $858 million.&nbsp;</p> 
<p>Later comes Ark Invest who has also contributed to the selling pressure, divesting 7,000 BTC worth about $400.4 million. Additionally, Ceffu has recently sold nearly 3,124 BTC, totaling around $178 million.</p> 
<h3 class="wp-block-heading" id="h-blackrock-maintains-neutral-stance">BlackRock Maintains Neutral Stance</h3> 
<p>Despite these significant sales, BlackRock has maintained a neutral stance, avoiding both buying and <a href="https://coinpedia.org/news/bitcoin-crashes-to-56k-while-usdt-soars-are-investors-playing-safe-or-selling-off/" target="_blank" rel="noreferrer noopener">selling Bitcoin</a> at this time. This position contrasts sharply with the active selling strategies of other major institutions.</p> 
<h2 class="wp-block-heading" id="h-potential-buy-opportunity">Potential Buy Opportunity?</h2> 
<p>While the short-term outlook may appear bearish due to the current selling pressure, Wise Advice emphasizes that this is not a long-term downturn for Bitcoin. For long-term holders and investors looking for entry points, the current dip might present an opportunity to accumulate more Bitcoin at discounted prices.&nbsp;</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/bitcoin-price-prediction-what-to-expect-next-amid-strong-spot-selling-pressure/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction: What to Expect Next Amid Strong Spot Selling Pressure?</a></p>

Bitcoin Selloff: Why Major Institutions Are Selling Bitcoin?

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