#SaylorBTCPurchase The recent spike in Bitcoin’s price to over $91,000 appears to be fueled by a confluence of factors, with institutional interest leading the charge. Here’s a quick breakdown of who’s behind the momentum — and why it matters:

Who’s Buying?

1. Institutional Investors:

Coinbase Premium rising to 0.16% suggests significant U.S. institutional buying.

MicroStrategy, led by Michael Saylor scooped up over 6,500 BTC — a clear signal of long-term conviction.

Metaplanet, a lesser-known but growing institutional player from Japan, added 330 BTC.

2. ETF Investors:

$381 million in BTC ETF inflows on April 21 marks a major sentiment reversal, signaling TradFi (traditional finance) is back in play.

3. Derivatives Traders:

17% jump in open interest, driven by leveraged bets on future BTC price increases, shows bullish expectations.

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Why the Surge?

1. Breaking the Downtrend:

According to analysts like Rekt Capital, BTC’s multimonth downtrend is now broken, opening room for a new uptrend.

2. Weakened U.S. Dollar:

A faltering Dollar Index, combined with political pressure on Fed Chair Jerome Powell, is shaking confidence in fiat stability.