Mmastodon BusinessCrypto first seen 12 h ago, last 12 h ago, peak #2
Retail investors sold Bitcoin right before its rally
Original: 📉 Kleinanleger verkaufen im schlechtesten Moment! Ende Juli hielten Retailer noch 1,724 Mio. $BTC. Vor dem Ausbruch von
Retail investors reportedly sold off large amounts of Bitcoin at the worst possible time. At the end of July they still held around 1.72 million BTC, but dumped heavily before the price broke out from 60,000 to 80,000 dollars, handing their coins over to large institutional investors. Commentators call it a classic crowd mistake, with small buyers panic-selling while big players accumulate ahead of the rally.
Why now: Bitcoin's sharp price breakout from 60k to 80k dollars is drawing attention to how retail traders sold too early and missed the gains.
Bitcoinretail investorsinstitutional investors
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/3087530