Large Investors reduce holdings, funds shift to safe havens – the truth about Bitcoin being marginalized

[BitPush] Large Investors continue to reduce their holdings, and Bitcoin's upward momentum is cooling. According to on-chain data analysis, Bitcoin's recent performance is significantly weaker than that of gold, silver, and tech stocks, with the core reason pointing to the ongoing selling pressure from institutional investors. Two data points best illustrate the issue: the Bitcoin ETF has shrunk by $5.1 billion from its historical high, and since October, large investors have not stopped dumping. At the same time, funds have started to turn towards safe-haven assets—gold prices are 25% higher than the 200-day moving average, and silver is even more aggressive, exceeding 45%, almost approaching the historical peak during the pandemic in 2020. In contrast, the stock market, driven by the AI boom, has the S&P 500 index close to its historical high, just 1% away from the record, and the Nasdaq is only 3% below its peak. As for Bitcoin? It is still 30% away from its historical high, showing a significant gap. Interestingly, the correlation between Bitcoin and the Nasdaq has weakened since August, and its correlation with gold has even reversed since July—this means Bitcoin is losing the acceleration of tech stocks and is instead fluctuating inversely with risk-averse sentiment. The key point is coming: the PCE data for July to September 2025 is about to be released, which may become a turning signal for the market. If the data is moderate, the market will bet that the Fed will loosen its stance, and Bitcoin may find a reason for a rebound.