Institutional investors in the U.S. are showing increased demand for Bitcoin, with U.S. spot ETFs now holding $58 billion worth of the cryptocurrency.Investment giants like BlackRock, Fidelity, and Grayscale are actively acquiring Bitcoin in the price range of $54,900 to $59,100.The current open interest in Bitcoin has crossed $18 billion, leading to divided opinions on the future direction of the market.Bitcoin whales have offloaded or redistributed around 30,000 BTC, worth $1.83 billion, causing further market volatility.