Institutional traders double down on Bitcoin in 2023

Institutional traders nearly doubled their Bitcoin holdings in the first three quarters of 2023, with BTC allocation rising from under 40% to nearly 50%.

A Bybit study highlights a distinct accumulation pattern by institutional traders compared to VIP and retail traders, whose BTC holding percentages remained mostly unchanged.

Ether holdings among traders dropped post-Shapella upgrade, with institutional traders surpassing 20% in ETH holdings by the end of Q3.