Data on April 23 shows that U.S. institutional investors are re-entering the market. According to CoinGlass data, the Bitcoin premium on Coinbase has risen to 0.16%, indicating that buying pressure is mainly coming from the U.S. region. Meanwhile, MicroStrategy has announced another large-scale purchase of 6,556 BTC, amounting to $555.8 million. Combined with the recent high inflows of Bitcoin spot ETF funds, market sentiment is gradually shifting from retail-driven to institutional-driven, with the potential for major funds to further push BTC upward.
Bitunix analysts suggest that short-term institutional fund inflows not only provide price support but also help improve market stability and liquidity. After BTC breaks through $88K in the short term, attention should be paid to the retest effect. If it can hold steady, it may advance towards the $96K resistancelevel.
