Major asset manager's chief executive revealed that sovereign wealth funds have been accumulating Bitcoin positions. According to his statement, these institutional players increased their BTC purchases when prices were trading in the 80k range. This marks another significant signal of institutional adoption in the crypto market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
3
Repost
Share
Comment
0/400
DefiPlaybook
· 12-05 02:56
It is worth noting that the accumulation activities of sovereign wealth funds at the 80,000 price level essentially reflect a structural shift in institutional risk appetite—according to on-chain data and institutional holdings reports, such large-scale purchases typically signal a turning point in the market sentiment cycle.
View OriginalReply0
ContractBugHunter
· 12-05 02:54
Sovereign wealth funds were quietly buying when it was at 80,000—these are the real institutional players.
View OriginalReply0
ETH_Maxi_Taxi
· 12-05 02:51
Uh, isn't this about Ethereum? Why is it about Bitcoin again?
Major asset manager's chief executive revealed that sovereign wealth funds have been accumulating Bitcoin positions. According to his statement, these institutional players increased their BTC purchases when prices were trading in the 80k range. This marks another significant signal of institutional adoption in the crypto market.