Bitwise: 15 major institutions held bitcoin through the drop from $125K to $60K
- —Survey covered 15 institutions: pension and university funds, family offices, sovereign funds and public companies
- —Every institution surveyed holds bitcoin; most call it their first and longest-held crypto asset
- —Some institutions bought more BTC during the fall from $125,000 to $60,000
- —Institutions sell on a failed thesis, regulatory reversal or loss of trust, not on price declines
Why it matters: The findings suggest institutional bitcoin demand is resilient to drawdowns and driven by asset allocation rather than short-term price moves.
Source: TokenPost