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Bitcoin Sees $4.5 Billion in Fresh Capital as Investors Remain Bullish Post-ATH

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  • After hitting its all-time high, Bitcoin attracted about $4.5 billion in additional investment, suggesting people remain interested in the coin.
  • Both institutional investors and ETFs are playing a very important role in bringing more capital into the market after the ATH.
  • Because of uncertainty in the economy and the desire for a well-diversified portfolio, more people are choosing Bitcoin.

A strong surge in people purchasing Bitcoin (BTC) has been seen recently, with more than $4.5 billion in fresh capital entering the market. The new investment surge occurred after BTC reached its highest point, proving that investors are interested in Bitcoin’s favorable future prospects. 

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Source: X @AxelAdlerJr

Regardless of the rising price, the optimism among traders and institutions remains steady as they believe prices can go up even more.

Analysts Interpret Inflows as Long-Term Bullish Signal

Analysts suggest that the enormous capital coming into the leading cryptocurrency after an all-time high (ATH) reflects strong confidence in its value over the long term. Those investing now don’t mind the fact that it is at this period that most would usually take profits and stop investing.

The main cause behind this rising trend is mainly due to the involvement of large investors and institutions. Their participation often sets market expectations since they believe there will be more increase in BTC’s price in the coming months.

For this reason, many people are making strategic moves, positioning themselves for what they believe could be the next major leg up in Bitcoin’s price. Moreover, investors in the U.S. and around the world have been able to access Bitcoin through crypto-related ETFs. These inflows further affect BTC’s price positively.

Experts believe that macroeconomic conditions, such as inflation concerns and geopolitical uncertainty, are factors that are pushing investors toward Bitcoin. Meanwhile, others consider it to be the next digital gold, which can be used to guard against financial crises.

Much of Bitcoin’s Ownership is Now in the United States 

New information from CryptoRank on X reveals that the United States is becoming a major influence in Bitcoin’s financial and regulatory sphere. This indicates that more institutions are starting to explore using cryptocurrencies. 

The data also shows that U.S. companies and individuals control the majority of BTC around the world. 

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Source: X (CryptoRank_io)

AVAX, Having Broken Out of a Falling Wedge, Could Rise to $61: Analyst

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  • Breaking out of a falling wedge pattern, AVAX may start to see a brightening trend.
  • With its price climbing beyond the $17 and $19 levels, where it was over a longer period, AVAX currently stands at $23.46.
  • Several analysts expect AVAX to reach $41, $52, and $61 based on technical analysis and previous levels of resistance.

AVAX has earned interest from analysts after a promising move based on the technicals that may mean a big rise is coming. A recent study by Rose Premium Signals found AVAX is breaking out of a falling wedge pattern on its weekly chart, which is considered a good sign of a change in direction. 

AVAX is Now Trading Outside of the Accumulation Area 

AVAX’s breakout is coming from an area where buying pressure built up, supporting its price between about $17 and $19. The price had been moving sideways within this range for many months. According to the analysts, when the price breaks through this level, it shows the start of a new bull trend.

This Avalanche blockchain native cryptocurrency is now valued at $23.46 and appears to be starting to move higher. On the weekly candlestick chart, the prices have risen above the upper boundary of the wedge, so sellers are less effective. Actions by buyers indicate that the breakout is valid and further increases are a possibility while the rally lasts.

Analysts Raise Their Bullish Targets After AVAX Breaks Through a Key Level

Analyst Rose Premium Signals believes this cryptocurrency could hit three higher levels over the next few months. It is expected that crypto will move to $41.00 first, which is the zone of previous resistance. 

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Source: X @VipRoseTr

The second target is $52.00 and the final target is a high of $61.00, so if the rally does not stop, the asset’s price could increase by more than 160% to these levels. Both the structure of the pattern and what has happened in the past with prices influence these targets.

The chart in the post proves that AVAX has ended a long downtrend and is now exploring new territory in terms of pricing. Technical patterns like the falling wedge are seen throughout trading because they can alert traders to probable upcoming price trends. 

Related Reading | WIF Eyes $1.4 Target Amid Strong Weekly Momentum Gains

Traders Bet Big as XRP Open Interest Blasts Through $3 Billion Barrier

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  • XRP’s open interest soared to $3.61 billion, signaling renewed trader confidence and a potential bullish breakout for the altcoin.
  • Analysts predict XRP could reach $2.60 to $17.50, depending on key resistance levels and chart patterns like the Ascending Broadening Wedge.
  • Despite the optimism, risks remain high, with a possible 70% downside that could see Ripple crash to $0.65 if support fails.

XRP’s open interest has surpassed the $3 billion mark within 24 hours, bringing new attention to Ripple’s native cryptocurrency XRP. Per CoinGlass data, Ripple open interest reached $3.61 billion, indicating that traders are highly bullish on the altcoin’s price movement. 

XRP’s surge in open interest, a measuring metric used to determine the value of outstanding futures contracts, is on the rise, indicating optimism in the market, in which XRP seems set to breakout.

Traders Bet Big as XRP Open Interest Blasts Through $3 Billion Barrier
Traders Bet Big as XRP Open Interest Blasts Through $3 Billion Barrier 7

XRP Bullish Signals Amid Explosive Open Interest Growth

Crypto analysts have jumped in to comment on Ripple’s bullish momentum. Market analyst Ali Martinez stated that XRP is likely to move to $2.60 if it manages to hold the crucial support level at $2.00, which means a 30% increase.

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Traders Bet Big as XRP Open Interest Blasts Through $3 Billion Barrier 8

Moreover, crypto analyst Egrag Crypto suggested a wide angle, arguing XRP could rally to $17.50, but only if it closes above $3.50 and retests $1.90 first.

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Traders Bet Big as XRP Open Interest Blasts Through $3 Billion Barrier 9

Per Egrag’s analysis, an ascending broadening wedge pattern looks to be forming, which could signal a bullish breakout soon. This aligns with the potential July 21 cycle peak, leading to higher prices. He did, however, caution that a downside move is still very likely, even predicting a fall to $0.65 in the absence of bullish sentiment, which Egrag suggests has a less than 30% probability. 

With such conflicting predictions, it remains clear that traders are placing aggressive bets on Ripple and expecting significant volatility. The surge in open interest indicates that all attention is focused on Ripple’s asset as it nears a critical inflection point.