Institutional investors are bullish on bitcoin again, based on this key data point

The bitcoin community seems to have solved the problem in pugnacious over the future of cryptocurrency.

Vyacheslav Prokofyev | TAX | .

About $ 2.5 billion in bitcoin moved off cryptocurrency exchanges Wednesday morning, a signal that institutional investors are getting off margins after a few bearish weeks for cryptocurrency.

The balance of bitcoin on trading fell when 63,289 BTC was transferred off the platforms, according to blockchain data provider Glassnode, that track the flows of exchanges including Coinbase, Kraken and Binance.

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