Analysis: Institutional Funds Accounted for 75% of Bitcoin Trading Volume on a Major Exchange Yesterday, Potentially Signaling a Price Increase
According to ChainCatcher, Capriole Investments founder Charles Edwards analyzed that institutional funds accounted for 75% of Bitcoin trading volume on a certain exchange yesterday. Historical data shows that when this proportion exceeds 75%, Bitcoin prices typically rise within a week. In addition, as inflation data met expectations, a Fed rate cut next month is almost certain, with the possibility of three rate cuts throughout the year. The market is even assessing the likelihood of a one-time 0.5% rate cut.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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