🔎Why Isn’t Bitcoin Surging Despite Heavy Buying by Billionaires?
📰Summary:
Even though Bitcoin is experiencing record-high trading volumes this year—especially from billionaires and institutional funds—its price hasn't skyrocketed as many expected. This article explains that much of the large-scale buying is conducted through OTC brokers or ETFs, which don’t directly affect spot exchange markets. Additionally, new supply from miners, profit-taking by whales and short-term investors, and broader macroeconomic uncertainties—such as U.S. trade policy—are contributing factors keeping Bitcoin’s price range-bound between $101,000 and $108,000.
Source: mitrade news
