Analyst: This bull market is led by institutional funds, which is different from the breakthrough nature of the 2021 bull market
Cryptocurrency analyst Rajat Soni posted on social media that Bitcoin's breakthrough to $60,000 this time is different from before. The price has been consolidating above $50,000 for more than six months. The last time the price exceeded $50,000 was in 2021, but at that time most buyers were retail investors. However, this time it was driven by institutional investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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