Vetle Lunde, an analyst at digital asset research firm Arcane Research, tweeted that since May 10, large institutions (Terra Foundation, miners, Tesla, etc.) have sold as much as 236,237 BTC (worth $5.452 billion), Mainly due to forced sales, the main incentive is the collapse of the Terra ecosystem.
Vetle Lunde said there is currently a bias in favor of forced selling and contagion-related uncertainty. Over the next period, we may see a crash, a surge, and a crash in choppy conditions.
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