{"id":16917,"date":"2021-04-20T18:20:55","date_gmt":"2021-04-20T18:20:55","guid":{"rendered":"http:\/\/ci02811c4e40002496"},"modified":"2021-04-20T18:20:55","modified_gmt":"2021-04-20T18:20:55","slug":"nydig-buys-the-bitcoin-dip","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/nydig-buys-the-bitcoin-dip","title":{"rendered":"NYDIG Bought The Recent Bitcoin Dip, Indicates Other Institutions Are Doing The Same"},"content":{"rendered":"
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Amid a historic level of liquidation<\/a> for bitcoin over the weekend, NYDIG, a bitcoin-focused investment manager, worked to acquire more bitcoin, according to a recent email<\/a> sent to its subscribers.<\/p>\n

NYDIG\u2019s Global Head of Research Greg Cipolaro explained in the email how it believes \u201cthe root cause of the sell-off had to do with investor positioning rather than fundamental news. Simply put, traders were overleveraged and positioned long, resulting in forced liquidations.\u201d This assessment made NYDIG feel that the price drop was an opportunity to acquire bitcoin at a discount.<\/p>\n

Furthermore, the email indicated that other \u201cinstitutional investors have had a \u2018buy the dip\u2019 mentality during these risk-off events, suggesting increasing ease with handling bitcoin\u2019s volatility.\u201d<\/p>\n

In traditional investing, \u201ccut your losses short and let your winners run\u201d is one of the most enduring sayings<\/a>. The idea is to limit the possible losses of your investments by selling them at the smallest signs of downturn. Bitcoiners, however, have been known to portray and evangelize a \u201cbuy the dip\u201d mentality, which dictates that a drop in prices is an opportunity to acquire more BTC at cheaper prices, rather than a warning sign that they should cash out.<\/p>\n

NYDIG is one of the Bitcoin space\u2019s most significant investment entities. It recently raised $100 million to propel a Bitcoin-powered insurance strategy<\/a>, filed for regulatory approval to offer a U.S.-based bitcoin exchange-traded fund<\/a> and led a seed round for bitcoin custody financial services provider Unchained Capital<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Major bitcoin investment manager NYDIG has shared that its desk, other institutions increasingly act on a \u201cbuy the dip\u201d mentality.<\/p>\n","protected":false},"author":2572,"featured_media":11561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[1772],"class_list":["post-16917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-nydig"],"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/down.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16917"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/11561"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}