{"id":481580,"date":"2024-02-18T12:03:07","date_gmt":"2024-02-18T12:03:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=481580"},"modified":"2024-02-18T12:03:07","modified_gmt":"2024-02-18T12:03:07","slug":"bitcoin-price-prediction-btc-rallies-21-in-a-month-as-bitcoin-etf-institutional-buying-dominates-and-the-bitcoin-minetrix-presale-pumps-past-11-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-rallies-21-in-a-month-as-bitcoin-etf-institutional-buying-dominates-and-the-bitcoin-minetrix-presale-pumps-past-11-million","title":{"rendered":"Bitcoin Price Prediction: BTC Rallies 21% In A Month As Bitcoin ETF Institutional Buying Dominates And The Bitcoin Minetrix Presale Pumps Past $11 Million"},"content":{"rendered":"

The Bitcoin price has pumped 21% in the last month amid massive inflows into Bitcoin ETFs with the crypto king trading at <\/span>$51.7K<\/span><\/a> as of 2:30 a.m. EST. <\/span><\/p>\n

The surge comes as analyst Ali Martinez on X notes a decline in the daily creation of Bitcoin addresses, indicating that institutions are driving the recent rally as retail traders take more of a back seat.<\/span><\/p>\n

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As the price of #Bitcoin<\/a> increases, there's a noticeable decline in the creation of new $BTC<\/a> addresses daily. <\/p>\n

This trend points towards a lack of retail participation in the current #BTC<\/a> bull rally, suggesting that the recent price action is primarily fueled by institutional… pic.twitter.com\/DVVfcQ20bG<\/a><\/p>\n

— Ali (@ali_charts) February 16, 2024<\/a><\/p><\/blockquote>\n