Cryptocurrency In a recent Twitter thread, Arcane Research analyst Vetle Lunde revealed how many Bitcoin institutional investors had sold since Terra’s carnage kicked in, thus tanking the whole crypto market. In his estimate, Tesla sold 29,060 BTC at an average price of $32,209 in May. Cryptocurrency Forced Selling In Lunde’s view, massive institutional blow-ups in the past two months started from Terra’s collapse on May 10th – when Do Kown sold over 80K BTC to defend the UST peg. Since then, the contagion has spread quickly across the industry and deepened the selling pressure, leading to 236,237 BTC being sold […]