Bitcoin Selloff: Why Major Institutions Are Selling Bitcoin?

The post Bitcoin Selloff: Why Major Institutions Are Selling Bitcoin? appeared first on Coinpedia Fintech News

Bitcoin has faced intense selling pressure recently, with its price dropping sharply below $54,000 in August. This notable downturn is primarily driven by significant selling activities from institutional investors, a trend that has left the cryptocurrency market in a state of flux.

According to Wise Advice, a prominent crypto influencer, one of the main drivers behind Bitcoin’s recent price decline is the sell-off by institutional investors. Recent data reveals that significant Bitcoin transfers have been made to exchanges, a clear indication that major institutional players are either taking profits or repositioning their portfolios.

Institutions are dumping BTC