As of 10:13 a.m. on the same day, the price of Bitcoin was down 0.1% from the same time the previous day, based on CoinMarketCap.
It is currently at $93,266 (approximately ¥13.31 million). It briefly surpassed the $94,000 mark the previous day, but has now partially reverted back to its previous level. However, it is still maintaining a price that is about 10% higher than it was a week ago.
The latest rise was led by institutional investors. According to Hwasaido Investors, on the 22nd (local time), the US Bitcoin spot exchange-traded fund (ETF) had 912 million shares.
The net inflow of Bitcoin ETFs was around $1.2 billion, which is the same as the net inflow during the bull market at the end of last year. The net inflow of Bitcoin ETFs is mainly due to institutional investors buying Bitcoin.
"Whales" from large exchanges such as Binance and Coinbase also led the rise.
Dan said through X, "Every time Bitcoin rises, Binance Whales buy, and after Binance Whales move, Co
"Inbase's movements were also positive," he said, analyzing that "whales at the two world's largest exchanges are alternating to drive a rally in the market."
Bitcoin's next resistance level is expected to be at $95,000, cryptocurrency market analysis firm 10x Research said in a recent report.
"Bitcoin has switched from a bearish to a bullish trend," he said, highlighting the "potential resistance level at $95,000."
2025/04/24 12:24 KST
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