Galaxy: Institutional Bitcoin Demand Weakened in October
- —Galaxy: institutional BTC demand weakened in October after supporting prices in September
- —Bitcoin treasury companies slowed their pace of BTC accumulation
- —The balance between spot ETF buying and corporate bitcoin reserves has shifted
Why it matters: Weakening institutional demand removes a key pillar of support and raises the risk of BTC sliding further below $80,000.
Source: Happycoin.club
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