Explosion of interest by institutional investors bitcoinIt made ‘s rise above $31,000 again.
BTC Even though it has declined below $31,000, the interest of institutional investors still continues.
In this context, the popular cryptocurrency analyst Willy WooThe rise share for Bitcoin came from .
Sharing on Twitter, Woo said that institutional and professional investors still continue to demand futures markets.
This demand density bitcoin Stating that it made a significant contribution to the rise of the price, Willy Woo said that this demand is already continuing to increase, which shows that we are in the early stages of another price squeeze.
Bitcoin’s price movements were triggered by the futures positions of institutional investors.
Even now, demand continues to rise, indicating that we are in the early stages of another price squeeze.”
According to Woo, who also added a graphic to his post, institutional demand increased in early June and there was a strong upward price increase in mid-June. Considering that institutional demand continues to rise, Willy Woo argues that there may be an increase again.
However, in the continuation of his share, Woo warned investors about possible decreases and advised them to closely follow some decreases that could disrupt the upward movement quite quickly.
Price action has largely been dominated by demand stemming from the calendar futures markets, the instrument of pros and institutions.
Even now, demand keeps surging, suggesting we are in the early stages of another price squeeze. pic.twitter.com/04SM6yhvr5
— Willy Woo (@woonomic) July 4, 2023
*Not investment advice.
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