[Bitwise Report: Institutions Weather Crypto Crash Without Selling, Some Buy the Dip in BTC] According to a report by Bitcoin Magazine on September 24, as cited by Jinse Finance, Bitwise interviewed 15 institutions (including endowments, pension funds, sovereign wealth funds, family offices, and publicly traded companies). The research revealed that during the period from October 2025 to April 2026, when crypto prices were halved, the largest institutional investors did not reduce their holdings, with many buying the dip. None of the surveyed institutions reduced their crypto allocations, nor did anyone cite price declines as a reason for exiting. All institutions holding crypto assets held Bitcoin, and for most, BTC was their first crypto purchase, their largest position, and their longest-held asset. The report stated that Bitcoin is emerging alongside gold as a hedge against fiat currency devaluation. Institutions indicated they would only exit if the underlying logic broke down (e.g., regulatory reversals or an industry credibility crisis), and mere volatility would not shake their stance. Bitwise predicts that within five years, most institutions will hold crypto assets.