Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away

Chart showing a decline in bitcoin held by the U.S. and Canadian funds and Canadian and European ETFs and ETPs. (ByteTree)

Adverse macro

Non-directional trading preferred

Key support at $40,000

AEX Operation Team

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store