Investment funds began buying the main cryptocurrency after its price dropped below $ 35 thousand. On the evening of May 19, more than 37 thousand cryptocurrency were withdrawn from crypto exchanges.
The main buyers of bitcoin during the collapse of its quotations to $ 30 thousand on May 19 were large investment funds, said Julian Emanuel, managing director of the financial company BTIG, in an interview with CNBC .
In his opinion, the fact that after the collapse of the main cryptocurrency, it returned to the level of $ 39-40 thousand, speaks of the recognition of bitcoin as a viable alternative investment in a diversified portfolio.
BTIG is a global financial services company specializing in institutional trading and related brokerage services, and has over 3,500 institutional clients worldwide.
Cryptocurrency broker Genesis Global Trading started sending out the same information to its clients yesterday, reports The Block . The document says that large investment funds started buying bitcoin after its price dropped below $ 35 thousand.
Genesis Global Trading is the first US cryptocurrency broker to serve institutional clients since 2013.
According to the bot of the analytical service CryptoQuant, on the evening of May 19, more than 37 thousand bitcoins were withdrawn from the main cryptocurrency exchanges.
A few days before that, there was a record inflow of cryptocurrency to sites since March 2020.
