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While Bitcoin (BTC) fell below $ 54,000 after the declines it experienced in recent weeks, the price remained more stable this week. 
At this point, Bitcoin experienced a decisive recovery towards the level of $ 58,000 and the price of Ethereum (ETH) towards the level of $ 3,100. 
Examining the reasons behind this recovery, QCP Capital analysts said that positive US inflation data, inflows to spot ETFs and the completion of the German government's sales are behind this recovery. 
He said that while these declines were happening and retail investors were in a panic, large institutional investors were focusing on the long-term rise rather than focusing on short-term declines. 
At this point, analysts stated that institutional investors focused on the expectation of $ 100 thousand and $ 120 thousand in Bitcoin in December and March and aggressively bought call options at these prices. 
<blockquote> 
 “Some stabilization has returned to the market this week, with BTC and ETH making a steady recovery towards 58k and 3100. 
 What caused this relief rally? 
 1. Positive macroeconomic sentiment as inflation slows. The market is currently pricing in a 95% probability of a rate cut in September. 
 2. The German Government completed the sale of 50k BTC and the spot BTC price held up well despite the intense sales in the last week. 
 3. Strong demand from spot ETFs, with net inflows of nearly $1 billion this week. 
 What does the vol market tell us? 
 “While crypto twitter and retail sentiment scream panic, major hedge funds are confidently and aggressively buying BTC at the top, especially December and March calls targeting the 100k-120k price level.” 
</blockquote> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/giant-institutional-investors-didnt-mind-the-drop-focused-on-100-thousand-and-120-thousand-in-bitcoin-here-are-the-steps-they-took/">Giant Institutional Investors Didn't Mind the Drop: Focused on $100 Thousand and $120 Thousand in Bitcoin! Here are the steps they took!</a>

Giant Institutional Investors Didn't Mind the Drop: Focused on $100 Thousand and $120 Thousand in Bitcoin! Here are the steps they took!

Bitcoin Sistemi EN

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