24 Nov 2025

A great chart by Bitwise - ๐“๐ก๐ข๐ฌ ๐ข๐ฌ ๐ฐ๐ก๐จ ๐ฒ๐จ๐ฎโ€™๐ซ๐ž ๐ฌ๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐ฒ๐จ๐ฎ๐ซ ๐๐ข๐ญ๐œ๐จ๐ข๐ง ๐ญ๐จ

While retail panic-sold the dip, something very different was happening under the surface. The number of Bitcoin wallets holding 1,000+ BTC just went vertical. Thatโ€™s ~$91 million per wallet. Translation? Short-term hands are handing their coins straight into the pockets of deep-pocketed, long-duration buyers. And yes โ€” they know exactly what theyโ€™re doing. Markets have been jittery: โ€ข Rate-cut uncertainty ๐Ÿ“‰ โ€ข Overheated AI equity spending ๐Ÿค– โ€ข The classic โ€œcrypto cycle fearโ€ ๐Ÿ˜ฌ Sentiment gauges? Extreme fear. Long-term capital? Completely unfazed. Case in point: Abu Dhabiโ€™s sovereign wealth fund reportedly tripled its BTC exposure last quarter โ€” now sitting near $500M. These arenโ€™t tourists. Theyโ€™re the ones who buy when everyone else hesitates. So if youโ€™re selling your Bitcoin todayโ€ฆ You might want to take a closer look at whoโ€™s on the other side of your trade. Now zoom out ๐Ÿ‘‡ Global liquidity is sitting at record highs โ€” and still expanding. Over 80% of major economies are easing or injecting capital again. Crypto regulation is finally becoming clearer. Historically, when: โœ… Liquidity rises + โœ… Policy clarity improves โ†’ Risk assets rally. โ†’ Crypto rallies the most. Will it happen again this time? Source: Bitwise, Tommy Rogulj @tommyrogulj

Disclaimer

This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.

Read More

Straight from the Desk

Syz the moment

Live feeds, charts, breaking stories, all day long.

Thinking out loud

Sign up for our weekly email highlighting the most popular posts.

Follow us

Thinking out loud

Investing with intelligence

Our latest research, commentary and market outlooks