✉news BusinessCrypto first seen 9 h ago, last 5 h ago, peak #33
Institutions Held Firm as Bitcoin Fell 50%
Original: Institutions Watched Bitcoin Fall 50%: Yet None of 15 Bitwise Surveyed Investors Cut Exposure
A Bitwise survey of 15 institutional investors found that none reduced their Bitcoin exposure despite the cryptocurrency's roughly 50% decline. The finding suggests institutional conviction in Bitcoin remains intact through the downturn, with respondents apparently treating the drawdown as tolerable rather than a signal to exit. Crypto commentators are highlighting the result as evidence that long-term institutional demand is holding steady even as prices slump.
Why now: A survey showing institutional investors refused to sell during a 50% Bitcoin drawdown challenges the narrative that institutions panic in bear markets.
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Evidence
- Institutions Watched Bitcoin Fall 50%: Yet None of 15 Bitwise Surveyed Investors Cut Exposure · CryptoPotato
- Institutions Watched Bitcoin Fall 50%: Yet None of 15 Bitwise Surveyed Investors Cut Exposure · CryptoRank
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