Bitcoin News

Institutions Are Buying 6x Bitcoin’s Daily Supply: Is $96,000 Next?

50 minutes ago

Bitcoin’s latest rally is being driven by a sharp

Bitcoin’s latest rally is being driven by a sharp acceleration in institutional demand, according to Capriole Investments founder Charles Edwards, who says large buyers are now absorbing roughly six times the amount of BTC mined each day. The setup has pushed several of Capriole’s long-running Bitcoin models back into bullish territory, with Edwards arguing that both on-chain and technical conditions now favor a continuation higher.

Bitcoin bulls eye the 0.786 Fib, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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TLDR: Table of Contents Kalshi hit $14.81B April volume, setting a new record despite no major seasonal sports peak Polymarket dropped to $9.01B in April...

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TLDR: Table of Contents Polymarket April fees hit $43.36M, driven by higher trading activity across global prediction markets Polymarket Global contributed $37.81M while the US...

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TLDR: Table of Contents 82.3% of Polymarket users traded under $10,000 in Q1 2026, confirming strong retail market dominance. Sports generated $10.1B in Q1 volume,...

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