Bitcoin rally has broad-based support as institutions, whales, options traders pile in

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Institutional investors, whales, and options traders are piling into Bitcoin, fueling a broad-based rally, with over 100,000 open long positions in the options market and a surge in institutional investment, including a $50 million allocation from a major pension fund, driving the price up 5% in the past week, as bullish sentiment intensifies in the market.