4h ago
Bernstein links Bitcoin rebound to growing long-term holders and ETF inflows
In a Monday research note shared with Cointelegraph, Bernstein said Bitcoin's recent rebound is being supported by a growing base of long-term holders as US spot ETF inflows and corporate treasury buying reshape the asset's ownership. The firm noted that BTC and ETH outperformed gold and major equity indexes over the past week, while BTC traded around $73,208, up more than 8% over seven days amid Middle East tensions. Bernstein added that roughly 60% of Bitcoin supply has been inactive for over a year, and that ETFs, exchanges and public companies collectively hold several million BTC worth over $200 billion.