So, Bitcoin had a bit of a wobble after hitting a new all-time high above $123K this week. It was like that one friend who gets a bit too drunk at the party and needs to sit down for a minute. But, after a brief dip, it’s back up to $118K and ready to rave again 💃.
Despite this minor blip, institutional investors are still queuing up to get in on the action. It’s like they’re trying to get into the most exclusive club in town, and Bitcoin ETFs are the bouncers taking their cash 💸.
The Money’s Rolling In
According to Santiment, there’s been a whopping $7.78 billion influx into Bitcoin ETFs since July 9th. That’s like, a lot of money. And it’s not just a one-off; it’s been a steady stream of cash, averaging $353.8 million daily. It’s like the institutions are trying to outdo each other in some kind of bizarre, high-stakes game of financial Jenga 🤯.
Glassnode also reported that Monday saw one of the largest daily inflows to spot Bitcoin ETFs in the past three months. And then, on Tuesday, institutions were like, “You know what? We’re not done yet.” And they added another 3,400 BTC, because why not? 🤑
This is all very exciting for the Bitcoin enthusiasts out there, but let’s not forget that it’s not just about the numbers; it’s about the whales 🐳. According to Santiment, on-chain whale accumulation is contributing to Bitcoin’s record-setting all-time high levels. It’s like the big players are trying to out-whale each other 🐋.
The Sky’s the Limit (Apparently)
Kobeissi Letter reckons that if global institutional inflows alone enter the market, Bitcoin could rise another 70% to approach $200,000. Because, you know, that’s not a ridiculous prediction at all 🙄. But hey, with Bitcoin delivering a 90% CAGR over the past 13 years, even conservative funds are allocating 1% to BTC. It’s like they’re trying to get in on the ground floor of the next big thing 🚀.
Kobeissi also noted that with $31 trillion in institutional AUM in the US, a 1% allocation could inject $300 billion into Bitcoin. Which, in turn, could drive prices to around $133,000. And if we factor in global institutional AUM, a $1 trillion inflow could add 70% to Bitcoin’s price, thereby pushing it closer to $200,000. Because, you know, math 🤓.
So, there you have it. Bitcoin’s on the up, and it’s not just the enthusiasts who are excited. The institutions are piling in, and the experts reckon it’s going to keep on going. But hey, what do I know? I’m just a humble writer trying to make sense of it all 🤷♀️.
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2025-07-16 17:16