Institutional cash allocations rose to .% in September — the largest monthly increase since March — with equity overweight falling from 56% to 49% and bond underweight at its highest since May 2022, per a BofA survey of 170 managers overseeing $. : Rising cash plus falling equity exposure and a 17-month bond underweight streak signal classic late-cycle de-risking. Institutions are bracing for tighter financial conditions — and that risk-off positioning historically leads crypto assets. Persistent rate pressure keeps discount rates elevated for non-yielding assets like BTC. Watch whether cash allocations keep climbing in coming surveys. Track real-time signals & trade → https://(hupzy.com)/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2587