Sovereign nations are deploying national resources to accumulate and hold #BTC
John D’Agostino, Coinbase’s Head of Institutional Strategy, highlighted that sovereign capital allocators are steadily building positions in $BTC , with net buying on the platform consistently outpacing net selling.
⚠️ Bitcoin Warning: Key Market Signal Drops to Lowest Level Since FTX Crash
Quick Breakdown CryptoQuant’s indicator tracks whether $BTC is in a bull (up) or bear (down) cycle. Right now, it’s showing its weakest reading since late 2022, when the FTX exchange collapsed. Analysts say this suggests #BTC is still deep in a bear market, with possible further downside before a recovery.