Institutions are Guzzling Bitcoin
Institutions are Guzzling Bitcoin Institutional demand for Bitcoin has reached unprecedented levels, with firms purchasing roughly 600% of the daily mined supply and signaling a potential price target of $96,000 While the S&P 500 remains in a "risk-on" breakout above the 7,000 support level, secondary indicators like the Advance-Decline line and high oil prices suggest emerging long-term risks for equities https://caprioleio.substack.com/p/institutions-are-guzzling-bitcoin?
The excerpt is quoted from a public Telegram channel, which owns its text.