Bitcoin Price May Hit $96K as Institutions Absorb 500% of Daily New BTC Supply
Cointelegraph
Bitcoin could reach $96,000 by June as institutional demand significantly outpaces the daily supply of newly mined coins.Summary
Capriole Investments founder Charles Edwards suggests that Bitcoin could rally to $96,000 by June, driven by institutional demand that absorbs over 500% of the daily mined supply. Historical data indicates that similar supply squeezes have led to an average 24% price increase over the following month. This momentum is supported by robust inflows into US spot Bitcoin ETFs and aggressive accumulation by entities like MicroStrategy and mid-sized investor cohorts known as "sharks."
(Source：Cointelegraph)