Institutional Traders Split Between BTC, ETH: Bybit Research

Binance
Sam Reynolds
Blockonomics



Institutional traders and whales, or large holders of bitcoin, were skeptical about altcoins, the report says, with the data showing a general decline in altcoin holdings among traders despite a brief rise in May. A notable decrease started in August, particularly among institutions, reflecting a cautious stance towards these more volatile assets.



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