![Institutional Traders Split Between BTC, ETH: Bybit Research Sam Reynolds](https://btcusa.com/wp-content/uploads/2023/12/Institutional-Traders-Split-Between-BTC-ETH-Bybit-Research-678x381.jpg)
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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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