CoinShares data shows hedge funds sold 31,400 BTC in Q1 while banks doubled Bitcoin ETF positions, revealing a sharp institutional strategy divide.

Long-term Bitcoin holders sold $2.4 billion in two days as BTC fell below $70K. ETF outflows and MicroStrategy's first sale in years add to bear market

Professional bitcoin holdings fell 17% in Q1 as hedge funds sold, while banks and advisors continued buying, according to Coinshares.