Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin is increasingly being seen as a store of value with major institutions betting on its future.</li> 
 <li>Massive amounts of USDT are flooding the market, indicating signs of liquidity.</li> 
</ul>  
<p>Bitcoin’s status as a store of value is growing, with major institutions placing bets on its future. The cryptocurrency’s fixed supply of 21 million coins is a key factor in this trend. </p> 
<h2 id="institutional-interest-in-bitcoin">Institutional Interest in Bitcoin</h2> 
<p>A report by financial intelligence firm River highlighted the ownership of Bitcoin across key stakeholders. The evolution of the derivative markets since the last presidential election, with Open Interest hitting a record $45 billion, has been crucial. </p> 
<p>Institutional interest provides long-term security and helps absorb speculative swings. Over the last 24 hours, $36.28 million in liquidations occurred, with $25.20 million in short positions closing. </p> 
<h2 id="liquidity-and-market-conditions">Liquidity and Market Conditions</h2> 
<p>In contrast to previous cycles where USDT market dominance fluctuated, its dominance has steadily fallen this time. Despite Bitcoin entering a high-risk zone, the dominance showed consistent red bands, hitting a daily low of 6% on Election Day. </p> 
<p>Tether’s Treasury recently minted 1 billion USDT tokens in response to the current market conditions, with Bitcoin emerging as a safer asset. However, the market may be overheating, with the RSI indicating an overbought condition. </p> 
<p>Despite potential short-term sell-offs, the overall market sentiment points to a rally to $80k before the end of the month. This trend is supported by the rising uncertainty around ‘Trump trades’, making Bitcoin a safer bet than equities and bolstering institutional interest.</p>

Bitcoin draws investors seeking refuge: Can BTC price soar to $80K?

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CoinEagle.com

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