Novogratz: Crypto Gains Era Over, Institutions Dominate
BTC/USDT
$20,996,839,537.15
$69,993.65 / $66,557.99
Change: $3,435.66 (5.16%)
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Contents
Galaxy Digital CEO Mike Novogratz stated that the era of big gains in the cryptocurrency sector is over, noting that risk-averse institutional investors are replacing retail investors chasing quick profits. Speaking at the CNBC Digital Finance Forum, Novogratz emphasized that this is maturing the sector and pointed out that retailers seek high gains like 30x instead of low returns.
Mike Novogratz Evaluates FTX Collapse and Market Changes
Recalling that the 2022 FTX collapse dropped BTC price from 69.000 dollars to 15.700 dollars, a 78% decline, he spoke about the trust breakage. He said the October 10 leverage shakeout affected retail and market makers but was not a major trigger. Check current data for BTC detailed analysis.
Transition to Tokenized RWAs: Views of Nazarov and Marcus
He predicted the sector will shift from speculation to tokenized real-world assets (RWA), offering lower returns. Chainlink co-founder Sergey Nazarov also stated that tokenized RWAs will surpass the total value in the sector. Lightspark CEO David Marcus said BTC holders are shifting from long-term believers to the financial system, but those who see BTC as a market hedge won't face issues.
David Marcus speaks on Bitcoin holder changes. Source: Bloomberg
Institutional Entries: Goldman Sachs Accumulating BTC and ETH
Latest breaking news confirms Novogratz's thesis. Goldman Sachs accumulated 1.1 billion dollars worth of BTC, 1 billion dollars worth of ETH, 153 million dollars worth of XRP, and 108 million dollars worth of SOL. On February 9, 2026, ETF flows saw 144.9 million dollars net inflow to Bitcoin ETFs and 57 million dollars to Ethereum ETFs. Cango Inc. made a 305 million dollars open market purchase. This shows accelerating institutional risk-averse investments.
BTC Technical Analysis: Oversold RSI and Strong Supports
BTC is currently at 66.704,56 dollars, down -3.36% in 24 hours. RSI 29.83 (oversold), downtrend and bearish Supertrend signal present. EMA 20: 76.302,53. Supports: S1 62.974$ (strong, -5.65%), S2 47.080$ (medium). Resistances: R1 70.216$ (strong, +5.20%), R2 73.707$ (+10.42%). Follow for BTC futures. LINK analysis strengthens the RWA trend.