Institutions buy 6x Bitcoin supply, Capriole models see $96,000 ahead

Institutions absorb 577% of BTC supply; Capriole flips bullish from $71k

Institutional demand is accelerating fast, says Capriole’s Charles Edwards. Large buyers now take ~6× the daily minted Bitcoin, backing a move higher source.

Several Capriole models returned to bullish. Signals turned long around $71,000 source.

• Flows rose to ~577% of daily mined supply. Price gained 12% since Edwards’ prior update source.
• “Institutions are slurping up 600%+ of Bitcoin’s daily mined supply.” Edwards notes prior instances saw double‑digit gains in 1–2 weeks source.
• A similar move would target ~$96,000 if demand keeps exceeding issuance by this margin source.
• Trend King, Capriole’s longest‑running strategy, is leveraged long. The model blends technicals with select on‑chain inputs source.
• Macro Index flipped to “recovery.” It tracks 200+ on‑chain and macro signals; Edwards says its trends are sticky, pointing to a regime shift source.
• Derivatives reset supports the move. Capriole’s Perps Heat flashed an “extremely bullish long‑term” signal after excessive shorting. Edwards cites capitulation in March–April source.
• On‑chain momentum improved. SOPR closed back above 1 after spending time below 1, a zone Edwards called “great Bitcoin opportunities” source.
• Macro backdrop is risk‑on. Collapsing credit spreads, a favorable VIX regime, and a fresh S&P 500 ATH; Edwards flags 7,000 as the key weekly level source.
• Caveats remain. Weak advance‑decline line, high oil tied to the Iran war, and the gold‑to‑stock ratio as medium‑term risks source.