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Bitcoin institutional volume hits 75% on Coinbase in new BTC price signal
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4 Articles
Coinbase Institutional Volume Hits Record, Hinting at Bitcoin Price Surge
According to Capriole Investments founder Charles Edwards, institutional transactions accounted for 75% of Bitcoin trading volume on Coinbase this week — a level he says has historically been followed by price increases within days. Elevated outflows from the US-based exchange come as traders position ahead of potential monetary policy shifts. Rate Cut Expectations Boost Market Sentiment July’s US inflation data came in exactly as expected, rein…
Institutional Bitcoin Trades Soar to 75% on Coinbase - New Price Signal Unveiled
In an interesting development within the cryptocurrency sector, data reveals a significant uptick in institutional engagement with Bitcoin. A noticeable 75% of Bitcoin trading volume on Coinbase, a prominent crypto exchange, now stems from institutional investors. This shift signals a potential new phase for Bitcoin’s market dynamics and price trajectory. Institutional Investors Take the Lead The cryptocurrency industry has long anticipated grea…
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