[Taklimakan Blog] Funds Reported Buying Bitcoin by Large Investors during the Fall
Clients of NYDIG and Cambrian funds took advantage of the recent drop in the first cryptocurrency to $30,000 to increase its stake in it. Retail traders, on the other hand, were selling assets at this time.
Over the past 6 days, the price of bitcoin fell from $42 thousand to almost $30 thousand. Large institutional investors took advantage of the fall in the rate, the New York Digital Investment Group (NYDIG) investment fund reported.
Among the orders placed by his clients during this period, 89% were for the purchase of cryptocurrency, reports The Block.