Bitcoin: US Institutions buy-in despite volatile futures market – Buy the dip?

Interest in Bitcoin has surged incessantly among US institutional investors. At the same time, the futures market is hinting at volatility.

What does it mean for investors? Does it showcase a purchasing chance after the market correction? One of the most popular CryptoQuant crypto analysts, Maartunn, talked about the movement.

The analyst talked about the surging Coinbase premium. It is a sign that US institutions are actively purchasing BTC. The premium indicates the price difference between global exchanges and Coinbase.

It also signals strong institutional engagement in the market, especially at a time when Bitcoin ETF inflows in the US are surging. 

Similarly, Burak Kesmeci, another veteran analyst, also observed a curious pattern in BTC’s movement. According to Kesmeci, Bitcoin’s withdrawal exchanges have reached nearly 18,828 bitcoin. 

The move is likely showcased by institutions choosing private wallets. It also signals a probable supply shock in the market.

Shayan Navabi, the Trading Academy Manager at CryptoQuant, talked about the renewed surge in the market. According to Shayan, the recent development can be seen as positive in the long run. It will alleviate the pressure for additional liquidations.

Crypto SunMoon, a Korean on-chain data analyst, also noted a positive Bitcoin futures funding rate. The analyst believes that it signals strong bullish market sentiment.

Previously, this type of optimism followed price corrections. If a subsequent drop follows it, traders might find prime purchasing opportunities.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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