US Bitcoin ETFs have significantly increased their purchases over the past week, potentially foreshadowing volatility in the cryptocurrency market.
Increase in Bitcoin ETF Purchases
In the US, Bitcoin ETFs purchased 24,108 BTC in the last week, far exceeding the average monthly mining of 3,150 BTC. This indicates active participation from major market players.
Comparison of Trading Volumes
Historical Bitcoin price charts reveal that trading volumes surged significantly in late 2022 when prices reached lows around $15,000. At that time, volumes hit $3 million, but are now fluctuating below 500K despite Bitcoin's price growth.
Price Predictions for Bitcoin
Analysts like Michael van de Poppe predict that Bitcoin could reach $150,000 in Q3 2025, with a peak around $250,000 potentially. However, the current trading volumes are significantly lower than during previous rallies.
Thus, the latest data indicates a rise in activity in the Bitcoin market, but the decreasing trading volumes may suggest a more stable capitalization from institutional investors.
