Bitcoin’s institutional trading volume on Coinbase recently hit 75%, a threshold that often predicts price rises for BTC within a week. This trend, driven by increased institutional interest amid improving economic indicators, signifies a bullish sentiment surrounding BTC.
Capriole Investments reports an “excess demand” of 600% compared to the approximately 450 BTC mined daily, indicating a stark contrast between institutional purchases and daily supply. This strong demand suggests that BTC prices may rise soon.
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