🔥Institutions are buying the dip
BlackRock’s Robert Mitchnick says sovereign funds, banks, and institutions are accumulating Bitcoin during volatility.
IBIT saw only 0.2% net redemption during the recent drop — no evidence of large hedge fund liquidation.
Most liquidations happened in leveraged perpetual markets, not ETFs.
Long-term capital remains positioned in Bitcoin.🌟🌟
BTC
77,067.21
-1.65%
ETH
2,293.5
-2.85%
BNB
624.43
-1.71%