Altcoin News Official TheBitTimes.com

Institutional investors apparently have no interest in altcoins as data from Bybit Research show half of institutional’s portfolio is allocated to Bitcoin. Institutions are more interest ed in Bitcoin (BTC), than Ethereum (ETH) or altcoins , according to a new data from Bybit Research. Bitcoin price vs Bitcoin holding % by INS, VIP and retail traders | Source: Bybit Research As crypto markets have experienced extreme volatility in 2022, institutional investors increased their Bitcoin holdings during the initial three quarters of 2023, a pattern “distinct from that of other users,” the report says. “Of particular interest is the fact that, in September, half of INS’s asset portfolio was allocated to BTC.” Bybit Research You might also like: Crypto investors are falling into a trap: analyst As per analysts, the prevailing positive market sentiment toward Bitcoin can be attributed to “favorable lawsuit outcomes,” as t...

Bitcoin spiking above $27,200 amid a big jump in open interest has some analysts asking whether BTC price is being manipulated. Bitcoin's (BTC) open interest on derivatives exchanges experienced a sudden surge of $1 billion on Sep. 18, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binance's court filings. However, a closer look at derivatives metrics suggests a more nuanced picture, as the funding rate did not exhibit clear signs of excessive buying demand. The decision to unseal these documents was granted to the U.S. Securities and Exchange Commission (SEC), which had accused Binance of non-cooperation despite previously agreeing to a consent order related to unregistered securities operations and other allegations. BTC futures aggregate open interest, USD (green, left). Source: CoinGlass The open interest spiked to $12.1 billion while Bitcoin's price concurrently increased by 3.4%, the highest point in over two w...