Crypto markets are experiencing a surge in institutional investment, with Bitcoin spot ETFs pulling in $765 million over just two sessions this week.
This buying activity follows the release of Nvidia's quarterly earnings report, which showed a significant increase in revenue and sparked a rally that pushed Bitcoin to $69,987.
Whale wallets holding over 100 BTC are approaching 20,000, a level that has preceded major rallies in previous cycles. Despite this, retail investors remain cautious, with Bitcoin trading down over 22% on the monthly chart.