A structural shift is underway in Bitcoin’s ownership base as early adopters cash out and institutional investors step in, according to new ****** ysis from ARK Investment Management.
Research trading ****** yst David Puell noted that 2025’s price action has been shaped by “a battle between early adopters and institutions.”
While “whales," or long-time holders, have been taking profits, public companies and U.S. spot exchange-traded funds (ETFs) have been absorbing that selling pressure.
In Ark Invest's weekly newsletter on Nov. 17, Puell highlighted a sharp increase in Bitcoin’s “livelines
Research trading ****** yst David Puell noted that 2025’s price action has been shaped by “a battle between early adopters and institutions.”
While “whales," or long-time holders, have been taking profits, public companies and U.S. spot exchange-traded funds (ETFs) have been absorbing that selling pressure.
In Ark Invest's weekly newsletter on Nov. 17, Puell highlighted a sharp increase in Bitcoin’s “livelines
1 month ago
