Crypto Biz: Bitcoin whales trade keys for comfort
Market Intelligence Analysis
AI-PoweredBitcoin whales, who were early adopters of the cryptocurrency, are now trading their private keys for the benefits of traditional financial institutions, such as exchange-traded funds (ETFs). This shift is characterized by an increase in BlackRock conversions and a decline in on-chain self-custody, which has broken a 15-year uptrend.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Early BTC whales shift to ETFs, giving up keys for TradFi perks, as BlackRock conversions rise and onchain self-custody breaks a 15-year uptrend.
Analysis and insights provided by AnalystMarkets AI.