Company Shifts Strategy, Bitcoin's Future Uncertain

CryptoQuants report suggests a major company, known for its bitcoin holdings, is preparing for a potential multi-month downturn. This shift in strategy involves protecting existing assets rather than aggressive accumulation, contradicting prediction market bets. The companys average bitcoin purchase size has significantly decreased, and weaker inflows into other digital asset trusts indicate a change in the supply landscape. The future of bitcoins upward trend may depend on new sources of demand emerging.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.