Analysis: Institutional funds account for 75% of Coinbase Bitcoin trading volume, which may indicate price rise

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PANews reported on August 13 that according to Charles Edwards, founder of Capriole Investments, institutional funds accounted for 75% of Bitcoin trading volume on Coinbase yesterday. Historical data shows that when the proportion exceeds 75%, Bitcoin prices typically rise within a week. Additionally, as inflation data meets expectations, it is almost certain that the Federal Reserve will cut interest rates next month, potentially reducing rates three times this year, with the market even assessing the possibility of a one-time 0.5% rate cut.

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