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Bitcoin Enters New Institutional Phase: 216 Investors Control 30% of Total Supply

Published by bitcoinist.com on 7 hours ago

Bitcoin Enters New Institutional Phase: 216 Investors Control 30% of Total Supply

Bitcoin experienced a significant pullback to $102,300 after a brief surge to $106,500 earlier today, as bullish traders once again struggled to overcome crucial resistance levels.

Sellers have emerged at important supply zones, thwarting efforts to push prices beyond the previous all-time high of $112,000.

Nevertheless, Bitcoin continues to demonstrate resilience, maintaining its position above the psychologically important threshold of $100,000.

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