Bitcoin

In a recent analysis by CryptoQuant, a renowned analytical firm, it has been <a href="https://cryptoquant.com/insights/quicktake/648a87d42ec8802caacc01dd-The-reason-why-it-takes-time-for-BTC-to-enter-a-bull-market?utm_source&#61;twitter&amp;utm_medium&#61;sns&amp;utm_campaign&#61;Quicktake&amp;utm_content&#61;MAC_D" rel="noopener noreferrer nofollow">revealed </a>that the declining holdings of US institutions since April 2021 are playing a significant role in delaying Bitcoin&#39;s entry into a bull market. The data shows that despite the recovery phase and positive on-chain cycle indicators, Bitcoin (BTC) still faces hurdles on its path to a sustained upward trend.The report highlighted the crucial link between US institutional investors&#39; holdings and BTC&#39;s price movement. Historically, the inflow of capital from US institutions has profoundly impacted Bitcoin prices, as the US dollar, the world&#39;s reserve currency, holds considerable influence over the cryptocurrency market.One key factor contributing to the decline in holdings is the increased regulatory pressure faced by US institutional investors. The Securities and Exchange Commission&#39;s (SEC) regulations have created a sense of burden and hesitation among these investors, deterring them from fully embracing the crypto market. Despite BTC&#39;s impressive 100% price surge this year, the lack of capital inflow from US institutions suggests a significant hindrance to Bitcoin&#39;s bullish momentum.Read full article at <a href="https://cryptotale.org/declining-holdings-of-us-institutions-delay-bitcoins-entry-into-the-bull-market/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Declining Holdings of US Institutions Delay Bitcoin's Entry into the Bull Market

CryptoTale

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