Crypto bull run may wait for rise in US institutional BTC holdings

Increases in Bitcoin holdings by U.S.-based custodial institutions tend to precede bull markets, according to a CryptoQuant post by analyst Crypto SunMoon. The analyst explained that bull markets have historically begun when the BTC holdings of U.S. institutions, such as exchanges, asset managers, and banks, rise relative to their non-U.S. counterparts. However, these U.S.-based holdings are not currently increasing. Crypto SunMoon suggested that the current range-bound market conditions could persist until a noticeable uptick in BTC accumulation by these U.S. entities occurs.