U.S. investors are strategically leveraging minor fluctuations in Bitcoin's price, as evidenced by recent significant transactions on Coinbase. A total of 19,487 BTC was withdrawn, with an average cost of $96,043 per BTC, amounting to approximately $1.87 billion. These substantial movements underscore the robust and sustained interest from institutional investors in Bitcoin. Following the approval of spot Bitcoin ETFs, institutional demand has surged. As retail investors are expected to follow suit, Bitcoin is well-positioned to potentially exceed the $100,000 mark in the near future.
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