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Crypto: Institutional Investors Are Dominating Bitcoin Market


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“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!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.