Bitcoin’s value surged past $1.1 trillion this week, driven by an influx of capital despite market volatility triggered by a recent cryptocurrency crash. The rise is attributed to investor demand from Bitcoin treasury firms and exchange-traded funds (ETFs), according to data analysis from CryptoQuant. However, the recovery in Bitcoin prices may be limited until major institutional investors such as MicroStrategy and ETFs resume large-scale purchases. While Bitcoin miners are actively expanding their operations and hashrate, signaling confidence in the asset’s long-term value, this growth hasn’t yet translated to increased buying from institutional players. The slowdown in these activities follows a period of rapid accumulation by prominent firms like BlackRock and MicroStrategy, highlighting a shift in investor sentiment.