During the recent Bitcoin crash, data suggests that large institutions in the United States aggressively purchased BTC. The Coinbase Premium Index, which measures the price difference between Bitcoin on Coinbase Pro (preferred by institutions) and Binance (dominated by retail investors), experienced a significant surge, indicating higher demand from institutions. This increase in the Coinbase Premium Index has coincided with significant price appreciations in the past month. Despite short-term price fluctuations, institutional investors remain confident in Bitcoin's long-term potential, as seen through the record-breaking growth of spot Bitcoin ETFs. These ETFs have seen net inflows of over $33 billion since their launch in January 2024, holding a total of over $107 billion worth of BTC. This highlights the growing confidence and involvement of institutional investors in the cryptocurrency market.
Weekly Analysis Of The Cryptocurrency Market: Altcoins Surpass Previous Highs As Bulls Buy Every Dip