According to the report published by the data platform ByteTree, it was stated that BTC, which has been held in the funds since October 2021, has reached the lowest value.
ByteTree Asset ManagementThe data shared by crypto investors caught the attention of crypto investors. Europe, USAAnd in CanadaThe funds held were reported to have dropped to 16,560 BTC ($409 million) this month. 17-month low The incoming “BTC Held Funds” has confused the crypto community. largest in the USA debtone of the issuing banks Silicon Valley Bank’stermination of its activities, seems to have reversed a lot of crypto data.
ByteTree Asset Management’s Official Speaks on the Subject
ByteTree Asset Management‘s chief investment officer, Charlie Morris, said: of BTC Institutions doubt that it is serious and permanent. When wealth management is handled globally, the bitcoin and gold industry is taken for granted.” said.
Expressing his statements, Morris also made warnings. “A large outflow from a single fund causes the statistics to drag down, no conclusions should be drawn from this data. in the funds A drop in the provided balance does not indicate that the BTC price rally is not strong or unsustainable.” said. Moreover MatrixportMarkus Thielen, head of research and strategy, the balance on hold represents a small proportion of the total marketreported.
