Institutional Traders Favor Bitcoin Over Altcoins

According to a recent report published by Bybit, institutional traders‘ behaviors in the digital assets market have been changing throughout 2023. The report concludes that many traders have massively shifted their investments from altcoins towards Bitcoin.

The study, focuses on 3 different classes of traders: Institutional traders (INS), individual traders with a capital of $50,000 or more(VIP), and the rest of the traders (Retail Traders). It also divides the assets into 4 categories: Bitcoin, Ethereum, Stablecoins and altcoins.

Institutional Traders: Bitcoin Dominance and Altcoin Skepticism

According to Bybit Research, institutional traders have been heavily…

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