As Bitcoin price inches towards $12,000, a growing narrative is emerging: institutional investors are driving this rally, not retail traders. Coinbase's institutional trading platform, Coinbase Prime, has seen a significant increase in volume, indicating a shift towards more sophisticated market participants. This could be a turning point for Bitcoin's market dynamics, paving the way for further growth.

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This development is a significant indicator of Bitcoin's maturing market, and I expect to see more institutional participation drive prices upward.