Part 10/15:
Some traders, including long-term holders, viewed this as a necessary cleansing—a reset that purged weak hands and over-leveraged positions, thereby strengthening the foundation for future growth.
The Power of Institutional and Long-Term Adoption
Despite the chaos, institutional interest persisted. Reports indicated that 19 new corporate Bitcoin holders emerged in October, pushing the total to 346. Major firms, as well as entities like China’s Renaissance Bank, are exploring or already executing crypto investments, signaling confidence that the long-term trend remains upward.