Institutional investors are synonymous with the Bitcoin (BTC) surge, as their investments have brought the crypto king from $ 10,500 in early October 2020 to $ 40,000 last week.
However, unexpectedly the BTC price did not last long at its highest level when it started to decline to a low last night, $ 30,468 due to rising selling pressure.
Apparently, there are a number of investors who panic selling while institutional investors remain calm with the uncertainty of Satoshi Nakamoto's asset price movements.
In fact, the record of BTC purchases among institutional investors or Bitcoin whales is seen to remain stable and continue to grow. Similarly, Ethereum whales also 'grabbed' ETH during the decline.
As crypto analyst and investor Lark Davis pointed out, the decline earlier this week was merely a trap targeting retail investors as victims.
Bitcoin whale wallet address has reportedly increased 4% since December 2, 2020 with retail investor wallet address declining by more than 6%.
Meanwhile, ETH, which dropped to $ 923 last night from a high of $ 1,355, saw more than 152,000 address wallets buy over 6.7 million ETHs, including 17 new Ethereum whale addresses that joined the network 24 hours ago.
