Institutions Buoy Bitcoin and Ethereum Amidst Price Slump

Despite recent price drops, institutional investors have remained active in buying Bitcoin (BTC) and Ethereum (ETH), defying market trends and highlighting a shift in player dynamics. These investments, primarily taking place off-exchange via OTC transfers and private channels, signal a potential turning point for the market. This activity is being observed as an accumulation process that counters the downward movement in prices, suggesting a more nuanced reality than traditional sell-offs might indicate.