PANews reported on August 13th that, according to analysis by Charles Edwards, founder of Capriole Investments, institutional funds accounted for 75% of Bitcoin trading volume on Coinbase yesterday. Historical data shows that when this proportion exceeds 75%, Bitcoin prices typically rise within a week. Furthermore, with inflation data in line with expectations, a Federal Reserve interest rate cut next month is almost certain, potentially leading to three cuts throughout the year. The market is even considering the possibility of a one-time 0.5% rate cut.
Analysis: Institutional funds account for 75% of Coinbase Bitcoin trading volume, which may indicate price rise
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
The positive US CPI cannot hide the whales’ shipments? Bitcoin fell back under pressure after rising
PANews App
24/7 blockchain news tracking and in-depth analysis.

