The rise of Bitcoin ETFs challenges the core principles of self-custody, as more investors opt for institutional custody solutions instead of managing private wallets. This trend marks a significant shift in behavior in the cryptocurrency market.
Bitcoin has reached new highs, but retail interest is limited. The Bitcoin surge appears to be driven mainly by institutional investors, with increased inflows into spot Bitcoin ETFs. Many believe retail investors perceive the current price as too high to enter the market.
Bitcoin surpassed $109,000, indicating bulls control the market and increasing chances for new highs. Bitcoin's price has risen sharply, with analysts predicting further gains up to $120,000, supported by strong inflows into spot Bitcoin ETFs.
Bitcoin supply on crypto exchanges has dropped below 15%, signaling a potential supply problem. Depleting exchange reserves and OTC balances suggest long-term accumulation and a potential price rally.
Wall Street poured over $1 billion into Bitcoin ETFs this week amid rising bets on Fed rate cuts and a weakening US dollar. Analysts warn July could trigger a major dollar breakdown, fueling Bitcoin's rise toward new highs.
