Reduced Institutional Activity and HODLing Miners Amplify Bitcoin (BTC) Price Decline

After a turbulent week marked by a downward trend, Bitfinex analysts have presented a fresh analysis on the reasons behind Bitcoin’s decline. This analysis reveals that the decline in institutional investor activity during the summer holidays has significantly reduced market liquidity. According to the analysts, this inactivity has contributed to increased selling pressure on Bitcoin,

Source: CoinOtag