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Bitcoin has recovered above $93,000 after a steep correction, with institutional capital flowing back into the market. A positive Coinbase Premium Index, a proxy for US institutional demand, suggests renewed accumulation from US-based institutions. This shift coincides with major developments in the global investment landscape, including Charles Schwab's plans to offer Bitcoin and Ethereum trading and Japan's move towards formal approval of Bitcoin ETFs. These factors could deliver a mid-single-digit percentage uplift to BTC.
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