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Institutional players seem to be buying the dip aggressively, which is exactly the opposite of selling sentiment, even though Bitcoin broke below the $100,000 mark and caused a wave of market panic. Some of the largest trading companies and liquidity providers in the industry – including Coinbase, Cumberland, DRW, Galaxy Digital and Wintermute – they sent 4,094 BTC, or about $405 million, to Anchorage Digital, a significant institutional custodian in the last nine hours.
Residual market flows
There are no tiny residual flows in the transfers. These are concentrated transactions worth hundreds of Bitcoins that are carried out frequently over a short period of time. A total of 81.9 BTC was sent from Cumberland. Batches in the 500 BTC range were often transferred from Coinbase. Galaxy Digital moved a total of almost 1,500 BTC. Wintermute made additional allocations for itself. Everything is terminated in Anchorage, which is a pure custody endpoint generally used for long-term maintenance collateralization or structured institutional strategies rather than an exchange or trading venue.
Bitcoin market performance
Meanwhile, the Bitcoin price chart shows the typical market reaction to an overheated leverage situation: a sharp drop. BTC entered a technical free fall after breaking below $100,000, slicing through its short-term recovery wedge and landing close to the mid-$96,000 area. Liquidations have already decreased, and the RSI is now pushed into oversold territory.
This typically signals the start of a destabilizing trend. However, that narrative is entirely at odds with the institutional flow. This is precisely the type of structural divergence that often occurs before powerful rebounds. Leverage fled and retail panicked, but real money offers emerged at the bottom of the movement.
During a market correction, Anchorage receives billions in custodial flows; this is not speculative positioning but rather the repositioning of rich players for the next stage of the cycle. It is not clear if this is the lowest point for Bitcoin, but the reasoning is obvious: when $ 405 million enters cold storage while the price has fallen, someone with greatness thinks that this decrease is a discount rather than a break in the trend.
