๐จ Bitcoin's Price Mystery: Why Are Institutions Buying While It Crashes? ๐
Bitcoin isnโt falling because itโs broken โ itโs facing intense selling pressure from unexpected sources. Chinaโs renewed crackdown on Bitcoin mining is sending shockwaves through the network, causing an 8% drop in hash rate despite controlling 14% of global hash power. History repeats itself; remember the 2021 bans?
This explains why institutions pouring billions into $BTC arenโt stopping the slide. Two key forces are at play:
1๏ธโฃ OG Asian Whales: Long-term holders, anticipating mining restrictions, began selling weeks ago. On-chain data confirms increased selling from these early adopters.
2๏ธโฃ Miner Capitulation: Forced shutdowns mean miners are liquidating revenue, equipment, and $BTC reserves to cover losses โ a non-negotiable sell-off.
Forget the ETF headlines. While some US outflows exist, the real story is regional. Asian exchanges (Binance, Bybit, OKX) are showing consistent net selling, while Coinbase (US-focused) reports continued buying. ๐บ๐ธโก๏ธ๐ Asia is selling, the US is still accumulating.
#Bitcoin #Crypto #MarketAnalysis #BTC ๐ป
