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Bitcoin boom: Institutional investors drive price to record levels!
Long-term investors are driving Bitcoin prices as reserves fall to record lows. Read the latest crypto news!
Bitcoin boom: Institutional investors drive price to record levels!
Long-term oriented professional investors are increasingly discovering Bitcoin as an attractive investment opportunity. This development has led to a significant increase in the price of Bitcoin. Currently, the Bitcoin reserves of crypto exchanges have fallen to a record low, which could have possible consequences for the market. A year ago, the stock exchanges still had stable liquidity reserves of 3.1 million Bitcoin; There are currently only 2.5 million Bitcoin available on the exchanges. This drastic reduction in reserves could lead to larger price fluctuations in the future.
The current situation is further compounded by the increasing demand for Bitcoin and Bitcoin ETFs from institutional investors. There are predictions that Bitcoin could rise to between $150,000 and $175,000 in the coming weeks. If a certain price limit is exceeded, extreme price increases would even be possible. The shareholder reports that these developments present both opportunities and risks for investors.
Institutional investors are betting on Bitcoin ETFs
Institutional investors are showing growing interest in Bitcoin ETFs, which is reflected in impressive inflows. On April 29, $173 million flowed into Bitcoin ETFs, documenting the eighth consecutive day of net inflows. Particularly outstanding is Blackrock's IBIT ETF, which alone received $216.73 million in inflows. Overall, assets under management in Bitcoin ETFs now exceed $110 billion, showing a clear increase in the share of institutional investors and asset managers.
Additionally, on-chain data shows net outflows of 12,500 Bitcoin from exchanges, indicating that more and more investors are investing in Bitcoin for the long term. In parallel, Bitcoin dominance has increased slightly, while implied volatility in options has hit a weekly low. A new BCOR ETF from Grayscale launched specifically for companies with Bitcoin reserves brings more possibilities to the market. Exchange Express also comments on regulatory efforts in the UK, where a draft law has been introduced to place crypto exchanges and traders under supervision. These regulatory measures could usher in a new phase for the Bitcoin price.