Analysis: Yesterday, institutional funds accounted for 75% of Coinbase's Bitcoin trading volume, which may indicate a price increase

ChainCatcher news, according to analysis by Charles Edwards, founder of Capriole Investments, institutional funds accounted for 75% of Bitcoin trading volume on the Coinbase platform yesterday. Historical data shows that when the proportion exceeds 75%, the price of Bitcoin typically rises within a week. In addition, due to inflation data meeting expectations, the Federal Reserve's rate cut next month has almost become a certainty, with a possibility of three rate cuts throughout the year, and the market even assessing the likelihood of a one-time 0.5% rate cut.