As reported by CoinEdition, Bitcoin price has dropped to a six-month low, with retail sentiment hitting 'Extreme Fear' on the Fear & Greed Index. On-chain data shows Anchorage Digital purchased 4,094 BTC ($405 million) from major desks like Coinbase, Cumberland, and Wintermute. Institutional buying continues as 355 entities now hold BTC for treasury management, including Luxembourg’s 1% sovereign wealth fund allocation to Bitcoin. Meanwhile, technical indicators suggest a potential drop to $66.9K if key support levels fail.
Anchorage Digital Buys $405M in Bitcoin Amid Retail 'Extreme Fear'
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