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According to the disclosed data, spot Bitcoin ETFs have received a net investment of 5 billion 300 million dollars in the last three weeks. On the other hand, Strategy (, formerly known as MicroStrategy), has increased its purchases while the Swiss Central Bank has started indirectly buying shares of this company. Not only Europe but also the Middle East is showing interest in the market. Abu Dhabi's sovereign wealth fund and other long-term investors continue to increase their Bitcoin holdings. The combination of these dynamics supports Standard Chartered's target of 120,000 dollars for Bitcoin in the second quarter of 2025.