Institutional funds account for 75% of Bitcoin trading volume on Coinbase, price may rise

According to reports from HashKey, Charles Edwards, founder of Capriole Investments, analyzed that yesterday, institutional funds accounted for 75% of the Bitcoin trading volume on the Coinbase platform. Based on historical data, when this proportion exceeds 75%, Bitcoin prices typically show an upward trend within a week. Additionally, as inflation data met expectations, the Federal Reserve's interest rate cut next month has almost become a certainty, with the possibility of three rate cuts throughout the year, and the market is even assessing the possibility of a one-time 0.5% cut.