Analyst: Bitcoin doesn’t need Wall Street, but Wall Street needs Bitcoin

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Cointime2025/05/14 18:00

By:Cointime

according to Cointelegraph, this year individual investors have reduced their holdings of 247,000 bitcoins, while institutions, funds, ETFs, and governments have increased their holdings by 225,000 bitcoins. In 2024, individuals sold 525,000 bitcoins to institutions and ETFs, while institutions accumulated 831,000 bitcoins. Analyst Sky Wee warns that Bitcoin is facing the risk of being monopolized by financial elites. As one of Forbes' "30 Under 30 Blockchain Visionaries" in 2025, Wee emphasizes that Bitcoin does not need Wall Street, but Wall Street needs Bitcoin. He believes that institutional involvement brings liquidity and legitimacy, but the true power of Bitcoin lies in individual self-custody and direct participation, rather than through ETFs or centralized platforms.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14