Bitcoin has experienced significant volatility recently, largely driven by geopolitical tensions. However, over the last 48 hours, those concerns have begun to dissipate, leading to a recovery in Bitcoin’s price.
While some investors panicked and exited the market, others remained unbothered, aiding the asset’s recovery.
Bitcoin Finds Institutional Backing
Bitcoin ETFs saw a remarkable $588 million in inflows over the last 24 hours, marking the highest level in over a month. The last time inflows reached this level was on May 22, when Bitcoin ETFs recorded $934 million in inflows. This surge is a clear indicator of rising confidence among institutional investors.
Despite the market’s volatility, institutional support remains strong. Last week’s inflows suggest that even in times of uncertainty, large investors are continuing to place their faith in…
