CDS Crypto News 7-Day Bitcoin Minting Rate on the Decline: Institutional Interest in Bitcoin Remains Weak
Crypto News

7-Day Bitcoin Minting Rate on the Decline: Institutional Interest in Bitcoin Remains Weak

84
7-Day Bitcoin Minting Rate On The Decline Institutional Interest In Bitcoin Remains Weak

Are Institutional Investors Moving Away From Bitcoin? Bitcoin Minting Rate and Market Comments

Over the previous seven days, there has been a noticeable decrease in the seven-day minting ratio, a crucial stablecoin metric that is frequently regarded as one of the most accurate measures of Bitcoin buyer activity. Markus Thielen, head of research at 10x Research, said that the indication showing whether or not there is institutional interest in Bitcoin at its present price is not looking good right now.

Institutions that funneled fiat into crypto through Circle took advantage of the dip below $55,000 but seem less inclined to pursue the market at current levels,

Thielen

Markus Thielen: Institutional Interest in Bitcoin Declining, Current Price Levels Unattractive

Markus Thielen: Institutional Interest In Bitcoin Declining, Current Price Levels Unattractive

The indicator measures the creation of new stablecoins and their issuance, essentially showing how much United States dollars have been exchanged for crypto.

Stablecoin inflows are a key sign if fiat dollars are being converted into crypto and then usually moved into coins like BTC or ETH,

Thielen

Early in August, when Bitcoin dropped to $49,472, things were different. According to Thielen, this figure “surged sharply” to $2.7 billion on August 6.

Will the Bitcoin Bull Run Last Until 2025? Price Decline and Market Analysis

With the long-to-short ratio marginally tilting toward shorts over the last 24 hours at 50.88%, futures traders feel there is still more downside potential for the asset’s price. According to a recent study by Cointelegraph, Bitcoin may continue its bull run for an additional year, even with the recent fall to five-month lows. Citing a report by Bybit and BlockScholes, the bull run for Bitcoin is expected to last until the third quarter of 2025, according to the cryptocurrency’s ratios from prior cycles.

For more up-to-date crypto news, you can follow Crypto Data Space.

7-Day Bitcoin Minting Rate On The Decline: Institutional Interest In Bitcoin Remains Weak
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...