$50B has flowed into crypto this year, according to JPMorgan. Sounds huge, right? But here's the catch: that's roughly half of last year's pace.
And who's driving it? Mostly corporate treasuries and crypto venture capital.
Strategy played a big role, buying $BTC aggressively. Meanwhile, crypto ETFs struggled in May and June before turning positive for the year.
Here's what's interesting: institutional futures positions are rising again, with Bitcoin already above its previous peak.
#BTC Price Analysis#
#Bitcoin Price Prediction: What is Bitcoins next move?#
And who's driving it? Mostly corporate treasuries and crypto venture capital.
Strategy played a big role, buying $BTC aggressively. Meanwhile, crypto ETFs struggled in May and June before turning positive for the year.
Here's what's interesting: institutional futures positions are rising again, with Bitcoin already above its previous peak.
#BTC Price Analysis#
#Bitcoin Price Prediction: What is Bitcoins next move?#