- On-chain data shows long-term holders that are constantly aggressive to accumulate more bitcoins in the past.
- A parabolic rally for the price of BTC is close to the coming months that has been filed by increasing global liquidity and institutional adoption.
As the gold price (xau) signal a potential return to the market after a wonderful rally since the first quarter of 2024, the capital of Bitcoin (BTC) has accelerated. According to market data from glassnode, long -term holders have added more than 254K BTC in the past three months to currently hold about 14.3 million coins.
Brown University holds Bitcoin
Brown University, a veteran university established in 1764, revealed A $ 4,915,050 holding BlackRock's ishares Bitcoin Trust ETF in Form 13F in US Sec. The Ibit Fund has grown significantly in the last year currently holding about 607,685.5 Bitcoins, worth more than $ 58 billion.
Following the announcement, Brown University became the third US -based university to publicly announce a Bitcoin holder. In addition, Emory and University of Austin (UATX) announced a significant Bitcoin purchase.
Brown University has a rich balance sheet of over $ 7 billion in endowments, which can be converted to Bitcoin in the near future. In addition, Bitcoin has proven to be a reliable value store and the United States will soon implement the Strategic Bitcoin reserve.
Impact on BTC price action
The rising bitcoin adoption of institution investors amid increased global liquidity has helped increase its emotions. The ship's ship is about to record the fourth consecutive bullish weekly close, after a bearish first quarter that is —fuel through the fears of trade war.
From a technical analysis perspective, the BTC price aims to re -evaluate all the time high and kickstart the expected 2025 parabolic rally. However, a fall below $ 92k will result in further capitulation and potential a long squeeze over the subsequent weeks.
