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As Bitcoin’s price fluctuations continue, Bitwise CIO Matt Hougan made significant statements indicating a fundamental shift in market dynamics.
Hougan argued that the most fundamental difference separating the current market cycle from past ones is Bitcoin’s “ownership change” process.
According to Hougan, “old whales” who bought Bitcoin at very low prices years ago see the current price levels as an opportunity to profit. While the sales made by this group of investors create temporary selling pressure in the market, Hougan states that this is part of a healthy cycle.
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<h2 id="institutional-treasuries-buy-bitcoin-sold-by-veteran-whales">“Institutional Treasuries Buy Bitcoin Sold by Veteran Whales”</h2>
The most important claim is that the seats vacated by whales are now being occupied not by individual investors, but by large institutions. With the approval of spot Bitcoin ETFs, demand for BTC from pension funds, asset management companies, and institutional treasuries has reached its peak.
Matt Hougan describes this shift in ownership as a long-term bullish signal. He argues that institutional investors are generally not “weak hands” and hold onto their assets for long-term strategies, and that the imbalance between supply and demand in favor of institutional investors is critical to Bitcoin’s future valuation.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/old-whales-are-selling-bitcoin-in-large-quantities-according-to-bitwise-cio-matt-hougan-this-is-very/" rel="noopener noreferrer nofollow">Old Whales Are Selling Bitcoin in Large Quantities: According to Bitwise CIO Matt Hougan, This Is Very Bullish</a>

Old Whales Are Selling Bitcoin in Large Quantities: According to Bitwise CIO Matt Hougan, This Is Very Bullish

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