GBTC outflows have significantly slowed down, indicating growing institutional interest in Bitcoin and potential for a price rally.
Recent trends in call option buying and the upcoming Bitcoin halving event suggest a bullish market outlook, targeting a Bitcoin value of around $80,000.
A significant shift in Bitcoin’s market dynamics is evident. After a period of outflows in March, there’s been a rebound in spot Bitcoin ETFs, with inflows turning positive, indicating a reversal from the previously observed corrections due to GBTC sell-offs. This renewed institutional interest in Bitcoin, highlighting a stark contrast from earlier predictions, is detailed in the latest CNF report.
The Surge in Institutional Buying: Coinbase Premium and Bitcoin ETFs
As of April 3rd, GBTC outflows have plunged to a new one-month low of $75 million. This decrease is noteworthy, considering the daily outflows remained below $100 million since late February. Institutional investors like Blackrock’s IBIT

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