Recent analysis suggests that Bitcoin's price is poised for an uptick as institutional demand surges. Notably, 75% of trading volume on Coinbase is now attributed to institutional investors—a statistic that historically precedes price increases within a week. Charles Edwards from Capriole Investments noted significant buying patterns among institutions, who are now acquiring more Bitcoin than is mined daily, indicating a bullish sentiment. On a single day alone, corporate treasuries added over 3,000 BTC to their holdings, coinciding with a favorable US economic outlook as inflation eases and interest rates potentially decrease. The market is currently reflecting expectations for a Fed rate cut which may stimulate risk assets, with Bitcoin often being viewed as a prime beneficiary. The upcoming Jackson Hole symposium is anticipated to provide further guidance on monetary policy, which could influence market behavior.

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