$BTC

BTCUSDT

Perp

87,687.2

+2.07%

Pros

1. Institutional accumulation: MicroStrategy has significantly increased its Bitcoin holdings by 10,624 BTC, demonstrating strong conviction and potential for future purchases.

Pros

2. Institutional endorsement: Itaú Unibanco, the largest private bank in Brazil, recommends allocating Bitcoin to diversify portfolios as a hedge against currency devaluation.

Pros

3. Decreased selling pressure: Deposit data on exchanges shows a decline in deposits from large players and smaller average deposits, indicating a reduction in selling pressure.