🔥 Big Investors Are Still Buying Bitcoin — Price Stays Calm Despite Weak Signals
📈 Bitcoin’s price only went up 0.54% in the past 24 hours, but that small move hides a bigger picture: big organizations are quietly buying more.
🔍 What’s Going On:
On July 24, US Bitcoin ETFs saw $226 million flow in — that’s about 30x more than the number of new Bitcoins created daily. BlackRock is leading this push.
MicroStrategy has added over 41,000 BTC since April. Other companies like MetaPlanet and GameStop are also buying more.
Countries’ foreign reserves are dropping, meaning many are holding onto their Bitcoin instead of selling.
📊 Chart Signals:
Bitcoin is staying above its 30-day average price ($113,910).
MACD is slowly trending down but hasn’t crashed.
Key support zone is around $116,240 (a technical level traders watch closely).
💡 The "Fear & Greed Index" is at 64 — showing people are feeling greedy despite ups and downs in other coins.
📌 Bottom Line: Big institutions are running the market right now. This could be a quiet bullish phase. If smaller investors don’t jump in soon, can the big players push prices up by themselves?
