BTC price action may be flagging, but large-volume Bitcoin investors are buying, not capitulating, data shows.
Bitcoin (BTC) institutional investors are “buying the dip” while BTC price action circles multi-month lows, analysis says.
In one of its Quicktake blog posts on July 11, on-chain analytics platform CryptoQuant revealed 100,000 BTC in new purchases in just one week.
Bitcoin institutional investors are not only buying, but doing so with more conviction than when BTC/USD traded near all-time highs.
