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Over the past year, there’s been a massive shift in Bitcoin’s ownership whereinthe institutional players are increasingly accumulating BTC. this trend has been accelerated soon after the approval of spot ETFs in January 2024. On the other hand, many retail investors, tempted by short-term profits or scared by volatility, are offloading their BTC holdings. But here’s the twist: they’re selling to the very institutions that long doubted Bitcoin and are the same ones who now believe BTC is a long-term store of value.
The on-chain data suggests…
