Bitcoin projections indicate potential new all-time highs in the latter half of 2024, driven primarily by accelerating institutional treasury acquisitions and growth in Bitcoin ETFs. This momentum defies historical post-halving trends that previously characterized market cycles.
Corporate treasury holdings now approach 850,000 BTC globally, establishing institutions as key price catalysts. Parallelly, Bitcoin exchange-traded funds collectively administer over $130 billion in assets, with BlackRock’s iShares Bitcoin Trust (IBIT) leading significant capital inflows.
The current cycle marks a stark deviation from established post-halving patterns, signaling a fundamental shift in Bitcoin market behavior. This resilience persists amid global macroeconomic uncertainty as strong institutional uptake counterbalances potential short-term volatility.
Further supporting bullish momentum, Bitcoin’s available supply on centralized exchanges has reached its lowest level in seven years. This metric highlights intense institutional accumulation and diminished selling pressure.
Collectively, these factors signal strengthened market fundamentals contradicting traditional cyclical expectations.