💥 Over the past six weeks, $767 million of institutional capital flowed into crypto funds, exceeding the $736 million seen in all of 2022. This is the best level since the end of 2021 when the bull market went into decline.

The influx of fresh capital and the reluctance of long-term hodlers to part with their reserves has less to a new high for the number of addresses containing more than $1,000 in BTC. There are now over 8 million such accounts.

CME's open interest in Bitcoin futures on the Chicago Mercantile Exchange is at $3.7 billion, its best level since December 2021. This once again testifies to the increased interest among large capital and the formation of steady demand for the crypto.

The price is at its highest level in 18 months and is currently testing the resistance level at $35,000.