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    Is the Bitcoin Rally Over? 13F in May Might Reveal Whether Institutional Adoption Has Accelerated

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    Crypto Insights
    May 2, 2024
    5 min read
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    Key Takeaways:

    • Bitcoin Spot ETFs have a high positive correlation with Bitcoin’s price.

    • The market is waiting for broader institutional adoption, which may be revealed by 2024’s Q1 13F reports.

    Bitcoin’s Price Loses Steam

    Bitcoin dominance chart. Source: CoinGlass

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