Key points:
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The volume of institutional trading of Bitcoin de Coinbase reaches 75%, which has always seen the price of the BTC increase a week later.
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The institutions buy much more bitcoin than what is exploited daily.
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Risk assets again find reasons to be optimistic as the prospects for American economic policy are improving.
Bitcoin (BTC) is due to fresh gains in a week while institutions intensify the purchase of the BTC, predicts a new analysis.
In a post X on Wednesday, Charles Edwards, founder of quantitative Crypto Digital Asset Fund Capriole Investments, underlined the outings booming of the US Exchange Coinbase.
Analysis: institutions should trigger new BTC price gains
Bitcoin is once again an objective for institutional buyers, because American inflation cools and markets are seeing interest rates next month.
Capriole data showed that Tuesday, 75% of the volume of Coinbase came from institutional actors.
“All readings above 75% have experienced higher prices a week later,” he noted.
Capriole calculates the institutional “excess demand” this week, because 600% of the number of approximately 450 BTC operated daily.
Bitcoin Corporate Treasuries alone added 810 BTC to their participations on Tuesday, the total of Monday even larger to nearly 3,000 BTC.
Bitcoin benefits from federal price optimism
The movements accompanied the data below the price of American consumer prices (ICC) for July and a BTC price thrust to peaks of all time.
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When asked why the institutions “went crazy” accordingly, Edwards drew special attention to the prospects of interest rates.
“Because inflation yesterday was as expected, which means that it is a certainty that the Fed will reduce the rates next month, and probably 3 times this year,” he wrote.
“The market now assesses the possibility of a great decrease of 0.5%, given the bad work canvas. The lowered rates = risk assets, and Bitcoin is the fastest horse historically. ”
The latest data from the Fedwatch tool in the CME group show that the markets massively anticipate a reduction of 0.25% in September.
“The cuts involved on the market for 2025 were unchanged after the publication, the prices still reflecting approximately 60 bp of rate reduction”, the QCP Capital negotiation company observed on the reactions of the IPC in the last edition of its regular updates of the color market in Asia.
“The rate of the terminal was also stable, despite a softer labor market and expectations for a more dominant Fed president in 2026. The long -term positioning suggests that investors see 3% like the Fed floor in 2026.”
QCP was looking forward to the Jackson Hole symposium next week for other clues with regard to the next Fed movement.
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