Institutions Are Buying 6x Bitcoin’s Daily Supply: Is $96,000 Next?
Bitcoin’s latest rally is being driven by a sharp acceleration in institutional demand, according to Capriole Investments founder Charles Edwards, who says large buyers are now absorbing roughly six times the amount of BTC mined each day. The setup has pushed several of Capriole’s long-running Bitcoin models back into bullish territory, with Edwards arguing that both on-chain and technical conditions now favor a continuation higher. In a May 5 Substack post titled “Institutions are Guzzling Bitcoin,” Edwards said institutional flows have intensified since his previous update, rising to....
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Data shows institutions are gobbling up Bitcoin supply over five times faster than miners can produce, a sign that has been bullish in the past. Bitcoin Is Observing A Notable Buying Push From Institutional Entities In a new post on X, Capriole Investments founder Charles Edwards has talked about the latest institutional buying behavior toward […]
Strategy (formerly MicroStrategy) currently owns an astounding 538,200 Bitcoin after it added a massive 379,800 $BTC in just the last six months. On average, the company has been acquiring 2,087 $BTC per day – a rate that far exceeds the current daily production rate of 450 $BTC, which comes to 13,500 $BTC per month. In effect, Strategy has been buying more than 4.5 times the amount of Bitcoin being mined daily. If Strategy continues its pace of BTC acquisition, it can create a Bitcoin supply crunch, where demand vastly outweighs the available supply. The natural consequence? Much higher....
Institutions are quietly accumulating large amounts of XRP, suggesting a wave of strategic buying that could influence prices as available tokens become scarcer. Recent reports show that major financial players have already invested hundreds of millions of dollars in XRP, potentially signaling a looming supply crunch. Analyst Says XRP Supply Shock Incoming On April 4, market analyst @CryptoCupra on X reported that major institutions are silently loading up on XRP, with over $200 million already committed. The analyst stated that this “is only the beginning,” implying that more....
Institutions and "whales" have continued their bitcoin purchases, on-chain data shows.
Ark Invest CEO Cathie Wood says Bitcoin’s long-running four-year pattern may be losing its grip as big financial players buy and hold more of the supply, a shift that could tame price swings and change how investors plan ahead. Related Reading: Institutions Scoop Up 9,000 Ether, Fueling Bullish Signals Institutional Buying Is Changing Markets According to Wood, large firms and spot ETFs are slowly locking up coins that used to flow in and out of retail hands. The most recent halving, on April 20, 2024, cut the miner reward to 3.125 BTC. On a daily basis, that reduction translated to about....