O'Leary says institutions will focus on Bitcoin and Ethereum
Bitcoin (BTC)
Editor:
Eugene Serbin
tradersunion.com reports that Kevin O'Leary believes the institutional crypto market is increasingly focused on only two major assets: Bitcoin and Ethereum. He suggests that once regulatory changes allow more institutional capital into the sector, investors will likely concentrate on crypto assets that already hold the majority of the market’s volatility and liquidity. O'Leary has recently commented on early successes in crypto startups, congratulating UpliftCorp for raising $7 million in a seed round led by a16z. He has also addressed mounting pressures in the traditional economy, noting that consumer goods CEOs are reporting increased affordability concerns.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Bitcoin is trading at $80,249.58 on Binance spot, with a 1-hour buy ratio of 56.2% indicating immediate buying pressure. This short-term activity contrasts with the 4-hour buy ratio of 50.1%, suggesting a balance between buyers and sellers over a slightly longer timeframe. The 24-hour buy ratio has dropped to 45.2%, showing that selling pressure has dominated the full day. Volume delta reflects this shift, with a positive +$14,786,394 in the last hour versus a negative -$123,102,218 over 24 hours. Volume delta measures the net difference between buy and sell volume, so a negative figure means more money flowed out via sells than came in via buys.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 51.1%, making today's 24-hour ratio of 45.2% an unusual day with a 5.8 point drop. Weekly volume was 0.65x the average, indicating significantly lower trading activity compared to the norm. While the 8-day price change was +9.9%, the 24-hour volume delta was negative, contrasting with the positive +$171,556,665 seen over the full week. This suggests that recent buying momentum has slowed considerably compared to the broader weekly trend.