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$BTC dropped nearly 50%, yet institutions stayed put. 👀 Bitwise interviewed 15 major investors, including pension funds, endowments, sovereign funds, family offices, and public companies managing $9B+. Despite the sharp drawdown, none chose to exit. Some even increased their BTC exposure. Most held only 1–2% of investable assets in crypto, suggesting they view Bitcoin as a long-term allocation rather than a short-term trade. Volatility tested conviction — but didn’t break it. ₿