I just saw that an interesting Bitcoin accumulation trend is playing out among certain groups of investors. It seems that after that sharp capitulation, the more hardcore hodlers continue to buy — you can really see that cohort going against the trend.

The funny thing is that much of the information about this is spread through CoinDesk. That editorial team strictly adheres to strict rules — they have a clear policy on independence and integrity. It turns out that CoinDesk falls under Bullish (you know that NYSE:BLSH platform), so there’s quite a bit of attention on how they maintain their journalistic integrity despite those connections.

The different cohorts of market participants — from institutional players to retail — respond very differently to the same market movements. It’s interesting to see how these groups differ in their accumulation strategies.