Institutions are indeed buying the dip in Bitcoin, as evidenced by the Coinbase Premium Index flipping positive. This index suggests stronger buying pressure on Coinbase than on Binance, implying that U.S. investors are dominating the market

Bitcoin's price has been consolidating between $95,000 and $98,000, and institutions have taken advantage of this stagnation to accumulate Bitcoin at lower rates. This rising buying pressure reflects bullish sentiments, as institutions anticipate prices to rebound in the near term.

Several key indicators support this trend:

- Reduced selling pressure from miners: Miners' selling pressure has dropped, reducing the BTC supply from miners
- Surging exchange stablecoins ratio: Bitcoin's exchange stablecoins ratio has surged over the past week, signaling potential buying power in the market.
- Increased dormant coins: Dormant coins, especially total unspent, have experienced a steady rise, implying that large and long-term holders are not selling BTC.