Bitcoin's Rollercoaster Ride: From Institutional Surge to Volatility

Bitcoin experienced record highs and rapid tumbles, driven primarily by institutional investments in spot bitcoin ETFs. The influx of funds from major players like BlackRock and Fidelity is reshaping the market, with regulated investment vehicles now holding a significant portion of bitcoins. Despite this institutional surge, retail activity is slowly picking up, indicated by the interest in meme coins. The recent market movements also highlight the continued influence of crypto exchanges in price formation, while the popularity of ETFs adds a new layer of complexity.