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Institutional investors sell $5.3 billion worth of BTC since Luna debacle

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SMACIN GRACEFULL TEAM Institutional investors sell $5.3 billion worth of BTC since Luna debacle Many have speculated that the fallout of the Terra blockchain, its native token and its algorithmic stablecoin are the major reason for the massive price declines and participation seen in the cryptocurrency space during the second quarter. ADVERTISEMENT However, SGTeam finally have proof of this as research firm Arcane Research, revealed that 236,237 BTC were sold by known institutional investors from the 10th of May 2022, just after the troubles of the Terra Blockchain started. ADVERTISEMENT The 236,237 BTC number is derived from massive institutional blow-ups and other large known selling seen during the market stress in the last two months. The number does not account for other natural capitulation and hedging activity that usually occurs during crypto bear ma

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