Bitcoin price has dropped to a six-month low as traders signal bullish exhaustion. On-chain data analysis shows institutional investors are still bullish as retail traders capitulate. The BTC/USD pair may drop as much as $66.9k if the expected liquidity fails to flow soon. A “great disconnect” is splitting the Bitcoin market. As “paper” traders and technical analysts signal “Extreme Fear” and a potential crash to $66K, “smart money” is aggressively buying the dip. On-chain data shows Anchorage Digital just scooped up 4,094 BTC, valued at $405 million, from major desks like Coinbase, Cumberland, and Wintermute. Source: Lookonchain The “Smart Money” Bid: Anchorage and Central Banks Buy In This institutional bid is not isolated. Anchorage’s $405M purchase is part of a wider trend of accumulation. According to BitcoinTreasuries , the number of entities holding BT… Read The Full Article Anchorage Digital Buys $405M in Bitcoin as Retail Sentiment Hits “Extreme Fear” On Coin Edition .
