Exploded! Institutions are frantically buying Bitcoin. Is Trump really the engine of this bull market?
In the last 24 hours, Bitcoin prices have surged, with spot ETF giants suddenly swooping in to buy. BlackRock, Fidelity, and other Wall Street giants have each scooped up over 2000 Bitcoins, and only one of the 12 institutions saw a small outflow.
The buying volume on Tuesday directly tripled compared to Monday, setting the strongest record in nearly three months—don’t be fooled by the fact that daily purchases haven’t broken ten thousand yet; this influx of capital is rapidly approaching the peak of last year's bull market!
Interestingly, the market's recovery coincided with Trump easing tariffs on China, leading to a dramatic rebound in capital.
However, the biggest variable now is the economic data. Goldman Sachs just cut its U.S. GDP forecast for the first quarter from 0.4% to 0.1%, and the latest report from the Federal Reserve also cast a shadow, but seasoned investors know: the worse the economic data, the crazier Bitcoin might get!
Pay close attention to the GDP exam announced on the 30th; regardless of whether the data is real, as long as the Federal Reserve acknowledges it, Bitcoin may have a chance to hit new highs.
The current market feels like the oppressive heat before a downpour; institutions have already entered early to position themselves, just waiting for a thunderclap at the end of the month!
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