Home CryptoBitcoin Crypto: Institutional Investors Are Dominating Bitcoin Market

Crypto: Institutional Investors Are Dominating Bitcoin Market

by Paul Ebeling

#crypto #bitcoin #investors

$BTCUSD $MS

“A recent report from Morgan Stanley found that institutional investors dominated trades in crypto in 2021, and that retail investors accounted for only a third of all trades on crypto exchange Coinbase” –Paul Ebeling

And the CEO of an on-chain insights platform says institutional investors are dominating Bitcoin trading now.

Ki Young Ju of CryptoQuant notes that 76% of the trading volume at Coinbase came from institutional investors in Q-1 of Y 2022.

He said, “Retail investors are leaving the crypto market. Not bad for accumulating Bitcoin with institutions, but still worried about overall volume, which is significantly decreased compared to last year.”

Mr. Ju says institutional investors have likely been buying BTC from market makers during the crypto price collapse last week.

“Market maker(s), including the ones hired by LFG [Luna Foundation Guard], already sent 84,000 BTC(~$2.5 billion) to multiple exchanges last week.

Not sure they finished selling, but it is highly likely for the accumulation from institutions since Coinbase digested the majority of selling pressure.”

“Consistent with its non-profit mission and focus on the health of the Terra ecosystem, beginning on May 8, when the price of UST began to drop substantially below one dollar, the Foundation began converting this reserve to UST.

The Foundation did so by directly executing on-chain swaps and transferring BTC to a counterparty to enable them to enter trades with the Foundation in large size and on short notice…

Transferred 52,189 BTC to trade with a counterparty, net of an excess of 5,313 BTC that they have returned, for an aggregate 1,515,689,462 UST.”

Bitcoin is trading for $30,288.74 at time of writing. The top-ranked crypto asset by market cap is down almost 5% in the past 24 hours.

For live crypto price action click here.

Have a prosperous weekend, Keep the Faith!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.