CZ Claims U.S. Banks Accumulated Bitcoin During Recent Pullback
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Institutional Behavior Analysis: While retail traders were selling off during Bitcoin's recent pullback, CZ noted that U.S. banks were quietly accumulating Bitcoin, indicating that institutional investors remain relatively comfortable with risk, which may suggest a potential market bottom.
- Volatility Decline Signals: Michael Schumacher from Wells Fargo highlighted a significant drop in implied volatility across asset classes, particularly in foreign exchange, which has fallen to historical lows, suggesting that investors are broadly willing to take on risk, potentially providing market stability.
- Derivatives Market Dynamics: Analyst MartyParty pointed out that Bitfinex whales are accelerating the unwinding of Bitcoin long positions, a behavior that historically precedes heightened volatility, which could impact market sentiment and price movements.
- Market Sentiment Comparison: The sharp negative shift in retail sentiment, coupled with low macro volatility, has historically coincided with accumulation by larger players rather than the onset of prolonged downturns, reflecting the complexity of market dynamics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
