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Is the Bitcoin Rally Over? 13F in May Might Reveal Whether Institutional Adoption Has Accelerated

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Crypto Insights
May 2, 2024
5 min read
0

Key Takeaways:

  • Bitcoin Spot ETFs have a high positive correlation with Bitcoin’s price.

  • The market is waiting for broader institutional adoption, which may be revealed by 2024’s Q1 13F reports.

Bitcoin’s Price Loses Steam

Bitcoin dominance chart. Source: CoinGlass

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