Bitcoin's Strong Institutional Support May Drive Next Bull Run

The recent CPI shock did not deter Bitcoin from recovering its losses and even exceeding its pre-shock price of $81,000. This resilience suggests that institutional investors are firmly backing the cryptocurrency's growth.

According to Santiment, wallets holding between 10 and 10,000 BTC have added over 16,600 BTC in the past month alone. This significant accumulation by whales may indicate a potential bull run if Bitcoin clears its current resistance level of $81,300.