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Companies cut Bitcoin holdings by 11,647 BTC worth $869M last week, signaling reduced institutional demand.

Market News
10 Nov 2026, 13:40 WIB
Tokenpost
View Source
Bearish
Companies cut Bitcoin holdings by 11,647 BTC worth $869M last week, signaling reduced institutional demand.

Last week, companies collectively reduced their Bitcoin holdings by a net 11,647 BTC, valued at approximately $869 million. This net decrease reflects the overall reduction in Bitcoin held by companies after accounting for both purchases and sales. The average valuation used for this calculation was about $74,600 per Bitcoin. This decline suggests a pullback in institutional investment in Bitcoin during the period, which could impact market sentiment and prices going forward.

Regarding companies cutting Bitcoin holdings, here is Pluang's market snapshot as of Nov 10, 2026 18:41 WIB: Among 50 major cryptocurrencies tradable on Pluang, 31 rose and 18 fell today. Notable movers include XNO (Nano) at Rp5.785 with a 3.23% increase and 100% buy order activity, AVAX (Avalanche) at Rp150.211 with a 3.13% rise and 59% sell order activity, and LUNC (Terra Classic) at Rp0,721 up 2.22% with 79% buy order activity. Typical hold times range from 87 to 197 days across these assets.

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