Equation Founder Trims Bitcoin Holdings Ahead of Potential Price Rebound
Vida, founder of the decentralized lending protocol Equation, has sold one-third of their Bitcoin holdings. According to on-chain analyst ai_9684xtpa, this move comes as Vida indicated plans to repurchase BTC at lower price levels of $45,000 to $55,000 within the next one to three years.
The sale follows Vida's purchase of $3 million worth of spot Bitcoin in early February at an average price of $59,000. The exact size of the remaining portfolio has not been disclosed, but the transaction reflects a strategic shift in response to current market conditions.
Vida expressed caution about the sustainability of any new bull market, noting that emerging narratives remain vulnerable to shifts in the AI sector and volatility in U.S. Treasurys and the dollar. This perspective aligns with broader concerns among crypto investors about the impact of macroeconomic factors on digital asset prices.
Vida's decision is notable given Equation's role in the DeFi space, and it reflects a growing trend of long-term holders taking profits amid uncertainty. The planned re-entry range suggests that Bitcoin may face further downside before a potential recovery, which could signal continued market turbulence.