Coinbase Bitcoin institutions account for 75% of trading volume

On August 13th, Charles Edwards, founder of Capriole Investments, stated that 75% of Coinbase's Bitcoin trading volume this week came from institutional investors, indicating strong institutional demand. Data shows that the daily demand of institutions this week is about 600% of the daily production of Bitcoin, and on Tuesday alone, the enterprise vault added 810 BTC. Edwards pointed out that the expected cooling of US inflation and interest rate cuts are the main driving factors for institutional buying, and the market expects the Federal Reserve to cut interest rates three times this year.