Bitcoin Stuck At $110,000 But Institutions Will Drive A Rebound In Q4, Expert Says

Despite recent volatility pushing Bitcoin (CRYPTO: BTC) below $110,000, experts say strong institutional adoption could drive a rebound by year-end.

What Happened: Jeff Park, head of ETF strategy at Bitwise Asset Management, said in an interview that $90 billion in institutional treasury company capital, combined with Fed rate cuts and ongoing regulatory tailwinds, will form a structural price floor that could trigger supply squeezes and short-covering rallies.

Park highlighted Bitcoin’s unusual summer strength in 2024, which defied seasonal weakness thanks …

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