Bitcoin has extended its recent gains overnight, back above $54k and at two-week highs as an ever-growing number of corporations add crypto to their reserves and Washington's helicopter money drop is imminent...

Source: Bloomberg

And that move has pushed Bitcoin back into the cuatro comas club...

Source

In an update on March 9, on-chain analytics service Material Indicators noted that buy orders of $100,000 and higher on Binance - the biggest cryptocurrency exchange by volume worldwide - are reaching all-time highs.

CoinTelegraph notes that in stark contrast to orders worth less than $100,000, larger buys are more frequent than ever before in Bitcoin's history. Smaller allocations have plummeted in 2021, matching an existing narrative that institutions are scooping up liquidity on exchanges which surfaced during the recent bull run.