Institutions had ‘diamond hands’ during bitcoin's 50% plunge, Bitwise's Matt Hougan says

Matt Hougan from Bitwise reported that institutional investors demonstrated resilience during Bitcoin's recent 50% price drop, maintaining their positions rather than selling off. He described these investors as having "diamond hands," a term used to indicate a strong commitment to holding assets despite market volatility. Hougan noted that this behavior contrasts with retail investors, who often panic sell during downturns. The article highlights the growing maturity of institutional involvement in the cryptocurrency market, suggesting a shift in how these investors approach market fluctuations.

Read the full article: CoinDesk