According to on-chain analyst William Clemente, US investors have been buying Bitcoin since BlackRock's ETF bid was announced.
Clemente cites three pieces of evidence to support this claim, including heightened activity in US trading sessions, increased involvement of US-based firms on Coinbase, and a significant increase in Bitcoin futures open interest on the CME.
Clemente believes that these factors indicate that US institutions are actively accumulating BTC. At the time of writing, Bitcoin is trading at $30,357.
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