Bitcoin Consolidates Above $100K as Institutional Buying Persists and Liquidity Cools

Description

Even as liquidity inflows to centralized exchanges have declined markedly, the most important players in this space continue to double down on their Bitcoin investments. This past week saw MicroStrategy and Metaplanet, two prominent corporate Bitcoin holders, add to their substantial BTC balances. They purchased a combined 19,452 Bitcoins at an average price of about $29,500. These purchases of Bitcoin, in amounts that are impossible to disguise, not only demonstrate the long-term viability of B...