Despite a slight dip in Bitcoin (BTC) price following its record-breaking high, recent data points to a continued bullish outlook. Key indicators suggest that institutional investors remain confident, potentially paving the way for BTC to challenge $150,000 by year-end. 2-month futures are trading at an annualized premium of 8%, indicating robust demand and a healthy hedging strategy among traders. This suggests a high likelihood of sustained upside despite some recent volatility. While a pullback is possible, Bitcoin’s low exchange balances signal accumulation rather than panic selling. This trend has fueled institutional adoption, with major players like Strategy, Metaplanet, and OranjeBTC investing in BTC as a strategic reserve asset. The rising investment flows have also led to robust ETFs and ETP assets under management (AUM) exceeding $195 billion. Notably, Bitcoin’s performance in 2023 has already surpassed that of the S&P 500, highlighting a strong market position for digital gold.