Bitwise Survey Shows Institutions Maintained Bitcoin Holdings Through 50% Crypto Market Drawdown

Bitcoin is consolidating between $84,000 and $87,000 as Bitwise Asset Management reports major institutional investors kept their positions intact through a roughly 50% market decline between late 2025 and mid-2026. A survey of 15 institutional allocators—including pension funds, sovereign wealth funds, and endowments—showed 100% held Bitcoin, with none cutting exposure and several adding to positions. Allocations ranged from 0.5% to 13% of investable assets, mostly between 1% and 2%. While spot ETFs saw heavy retail and hedge fund redemptions, institutional investors cited thesis failure or regulatory reversals, not price drops, as potential exit triggers.