**Institutional Accumulation Signals Positive Outlook for Bitcoin**

Institutional wallets, excluding miners and exchanges, have accumulated over 67,000 BTC in the past 30 days, bringing their total holdings to more than 3.9 million BTC. This significant accumulation is evident in the order books, with strong buying pressure on Coinbase and Bitfinex, while Binance and Bybit remain predominantly short.

This trend indicates that large investors are absorbing coins, whereas small investors are reducing their positions due to the stagnant price movement. Historically, such dynamics lead to the exhaustion of retail selling forces, who then seek to buy back BTC at higher prices as market sentiment improves.

Institutional players are strategically building their positions ahead of this sentiment shift, positioning themselves to distribute during subsequent price increases. This behavior suggests a positive outlook for Bitcoin, as institutional confidence often precedes broader market optimism.