BlockBeats News, April 23rd, data shows that U.S. institutional investors are re-entering the market. According to CoinGlass data, the Coinbase Bitcoin premium has risen to 0.16%, indicating that the buying pressure is mainly coming from the U.S. Meanwhile, MicroStrategy has announced another major purchase of 6,556 bitcoins, totaling a staggering $555 million. In addition, inflows into Bitcoin spot ETFs have reached a recent high, shifting market sentiment from retail-driven to institutionally-driven. The influx of institutional funds is expected to further drive BTC upwards.Bitunix Analyst Recommendation:In the short term, institutional fund inflows not only provide price support but also help stabilize the market and improve liquidity. After a short-term breakthrough above 88K, BTC needs to be cautious of a retest effect. If it can hold its ground, it is likely to move towards the 96K resistance level.
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