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🟢 On Thursday only, $1.18 billion was injected into spot Bitcoin funds, bringing the total inflows since the beginning of the year to about $51 billion. This institutional flow has been described as vastly exceeding supply, which means upward pressure on prices pushing them higher..
It is expected that the price of Bitcoin will reach $120,000, $125,000, and possibly
more than that by mid-month..
However, this may be accompanied by profit-taking that could slow down the rise.
Whatever the potential scenario, the entry of institutional financial liquidity at these price levels means only one thing:
"Bitcoin will reach astronomical numbers"
$BTC