Retail investors' panic selling, whales 'scooping up'...Bitcoin, the owner of money has changed

▲ Bitcoin Whale

In the Bitcoin (BTC) market, individual investors panicked and dumped their holdings. Meanwhile, institutional investors with massive capital absorbed it all, and a historic transfer of wealth is happening in real-time.

Cryptocurrency-focused YouTube channel Altcoin Daily analyzed in a video uploaded on April 26 (local time) that the largest supply chain transition in history is occurring. Bitcoin data shows that long-term holders have secured approximately 33,000 BTC in the last 30 days. Strategy, led by Chairman Michael Saylor, is continuing its aggressive accumulation by adding a staggering 53,000 BTC. On the other hand, short-term holders, who have held for less than 6 months, could not overcome their fear. They dumped approximately 290,000 BTC into the market.

The buying intensity of institutional investors exceeded the usual range. Bitcoin spot ETFs in the US collected an amount equivalent to 9 times the mining volume over the past 5 trading days. The Coinbase Premium Index recorded positive values for 17 consecutive days, an indicator proving strong demand from US institutions. Bitcoin's market share surged to about 60%, clearly showing a concentration of funds in digital gold.

Virtual assets are solidifying their position as a store of value amidst geopolitical crises. Bitcoin maintained a stable trend even during the conflict in the Middle East. Fast money that exited the gold market is now circulating back into Bitcoin. Some countries are considering virtual assets as a means of payment instead of the dollar to avoid sanctions. Changes in the monetary system are being detected in real-time.

The altcoin market is marginalized due to regulatory delays. The processing of the US cryptocurrency market structure bill (CLARITY) has been pushed back to after the second week of May. Funds awaiting regulatory clarity are still staying in Bitcoin. Technological advancements continue. Chainlink (LINK) data standards have been integrated into Amazon Web Services. Ecosystem expansion continues without stopping.

The leadership of the virtual asset market has completely shifted to institutions. Understanding of Bitcoin's scarcity has increased. The holdings of long-term holders are at an all-time high. The Bitcoin Conference held this week in Las Vegas further heightens interest. Supply squeeze is intensifying. Bitcoin is moving towards a new price appreciation phase.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*