Institutional Investors Is Attributed To The Recent Bitcoin Bullish Rally That We Currently Experience

The current bullish sentiment on the bitcoin is said to be attributed to the to institutional adoption as a driving force, it was recorded that since the beginning of the year bitcoin has witnessed a 40% increase in it’s price and the crypto analyst Will Woo took to Twitter to address this as he says;
Seems to me like the heat signature of large institutions doing the buying.

source

Timing of the inflows spans approximately 16hrs, with the quiet zone being Asian work hours. This suggests it’s Western institutions across US and Europe.

Since 2021 bitcoin has been down by 66% from the current selling price at the moment, the analyst says that institutional investors had tied down their investments in in stable coin during the bearish trend which he explained.

Remember if you are a fund you will bank with Silvergate or Signature Bank. Silvergate had a bank run and Signature dialed down on crypto exposure. So stables have been the best place to hold USD in past months.

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