“Dream it. See it. Believe it. Make it happen.” That is one of the late Michael Jackson’s favorite expressions. It’s certainly one that would resonate with the “King of Pop” were he around for the opening of Antoine Fuqua’s long-awaited biopic of Jackson in theaters across the globe this weekend.
In North America, Michael is on course to gross anywhere from $12 million to $13.5 million from Thursday previews and special Imax and other PLF sneaks on Wednesday night. That’s on par with the likes of event pics, including Dune: Part II or Oppenheimer, which both reported preview grosses in the $10 million range, not adjusted for inflation.
The big unknown — how front-loaded Michael will be. One thing is clear: fans so far are over-the-moon for the film.
Earlier in the day, the headlines instead were focused on Michael‘s worrisome RT critics’ score, which bounced between 29 percent and 33 percent (both fall in the “rotten” category). Many of the reviews seemingly took issue with the fact that producer Graham Kin, along with Lionsgate, had decided to end the movie before Jackson became engulfed in allegations of child sexual abuse.
“Fuqua and screenwriter John Logan don’t exactly break the mold with Michael, nor do they stuff it with major revelations. But they tap into a vein of melancholy underlaying the stratospheric success that’s surprisingly affecting. The online mob will be sharpening their pitchforks given the movie’s failure to address the accusations of child sexual abuse that tarnished Michael Jackson’s legacy. But the filmmakers get around that by focusing on his early career, ending with the 1988 Bad World Tour concert in London, years before allegations first surfaced. The epilogue card reading “His story continues” does some heavy lifting,” THR chief film critic David Rooney writes in its review.
By Thursday night, the score had shot up to 40 percent.
Michael is tracking to earn at least $65 million-$70 million domestically — some are now even floating $80 million — which would make it the biggest opening ever for a music biopic ahead of Universal’s current record-holder Straight Outta Compton ($60.2 million) and Fox’s Freddy Mercury biopic Bohemian Rhapsody ($55 million), not adjusted for inflation. The producer behind Michael and Rhapsody is Graham King.
When the film first came on tracking three weeks ago, the range was $55 million to $60 million. While still a great number, the subsequent spike signals that Michael may be benefiting from the nostalgia factor that is inspiring infrequent moviegoers to return to the multiplex in droves for the first time since the pandemic, or sparking interest among the most avid moviegoing demo, Gen Zers.
Overseas, Michael is opening in 82 markets, excluding Japan. It unfurled in most key markets on Wednesday, earning 16.6 million fo ra running total of $18.5 million, including previews.
International Wednesday highlights included:
France ($2.6 milion): Biggest opening day ever for a biopic, coming in well above the Wednesday openings of both Oppenheimer and Bohemian Rhapsody.
UK & Ireland ($2.6 million):Biggest opening day for a musical biopic of all time, ahead of the Wednesday opening of Bohemian Rhapsody and well above the Friday openings of Elvis and Rocketman.
Italy ($1.3 million): Biggest opening day ever for a musical biopic, above Bohemian Rhapsody.
Australia($1 million): Biggest opening day for a musical biopic ever, beating Elvis.
Brazil ($651,000K): Michael added another $651,000 in previews for a running total of $2 million. The combined preview result represents the biggest ever for a non-superhero, non-franchise film in the market. It continues to rank No. 1, with a 68 percent market share.
US Secretary of State Marco Rubio says the US has not told the Iranian national team that it cannot play.
Published On 24 Apr 202624 Apr 2026
US Secretary of State Marco Rubio said Washington has no objections to Iranian players participating in the 2026 FIFA World Cup, but he added the players will not be allowed to bring people with ties to Iran’s Islamic Revolutionary Guard Corps (IRGC) with them.
Since the United States-Israeli war on Iran began on February 28, Iran’s participation in this summer’s edition of FIFA’s global showpiece has been in doubt because all of the country’s group-stage matches are scheduled to be played in the United States.
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“Nothing from the US has told them they can’t come,” Rubio told reporters.
“The problem with Iran would be not their athletes. It would be some of the other people they would want to bring with them, some of whom have ties to the IRGC. We may not be able to let them in, but not the athletes themselves,” Rubio said.
“They can’t bring a bunch of IRGC terrorists into our country and pretend that they are journalists and athletic trainers,” Rubio added.
Washington has designated the IRGC as a “foreign terrorist organisation”.
US President Donald Trump, speaking alongside Rubio, added that his administration “would not want to affect the athletes”.
The World Cup is set to begin on June 11 across the US, Mexico and Canada.
Speculation about Iran’s participation has been rife, with officials from both Iran and the US weighing in.
In a statement on Wednesday, however, Iran’s government spokesperson Fatemeh Mohajerani said all necessary arrangements for the team’s participation in the tournament have been ensured by the Ministry of Sports and Youth.
An envoy for Trump, though, has been quoted as suggesting that Italy, who failed to qualify for the World Cup for a third straight edition, should replace Iran at this year’s World Cup.
Paolo Zampolli, an Italian-American who is a US envoy for global relations, told The Financial Times that he made the suggestion to both Trump and FIFA President Gianni Infantino.
“I’m an Italian native, and it would be a dream to see the Azzurri at a US-hosted tournament. With four titles, they have the pedigree to justify inclusion,” Zampolli, who has no official connection with the World Cup or Italian football, said earlier this week.
Italian Sports Minister Andrea Abodi has rebuked the idea, saying “it is not appropriate … You qualify on the pitch,” while Economy Minister Giancarlo Giorgetti described the concept as “shameful”.
Iran qualified for a fourth successive World Cup last year but, after the start of the war, requested that FIFA move the team’s three group matches from the US to Mexico – a suggestion that was rejected.
“We are preparing and making arrangements for the World Cup, but we are obedient to the decisions of the authorities,” Iranian football federation President Mehdi Taj told reporters at a pro-government rally in Tehran on Wednesday.
Morgan Stanley Investment Management has launched the Stablecoin Reserves Portfolio (MSNXX), a money market fund created to help stablecoin issuers meet reserve requirements under the GENIUS Act.
The fund focuses on preserving capital, ensuring daily liquidity, and maintaining a stable $1 NAV, investing in cash, short-term U.S. Treasuries, and overnight repurchase agreements backed by government securities.
The product is part of Morgan Stanley’s effort to meet rising demand from stablecoin issuers and expand its institutional digital asset infrastructure.
The firm emphasizes that stablecoins represent a rapidly growing segment of the financial system, and the new fund is intended to modernize reserve management while improving institutional client access to compliant liquidity solutions.
The fund adds to MSIM’s expanding digital asset strategy, which includes its Bitcoin ETP, the Morgan Stanley Bitcoin Trust (MSBT), and tokenization-linked money market initiatives developed with BNY.
As of April 23, the MSBT fund’s assets under management stood at approximately $180 million, representing a total holding of 2,334 Bitcoin.
The “image architect” is lending his talents to ice cream brand Magnum, which has appointed him the first ever “Taste Architect.” In the role, Roach will act as creative director of the brand’s Cannes activation — always a high-profile stop on the Croisette with a custom beachfront club where Magnum hosts events and parties — in addition to overseeing the design and curation of an inaugural runway presentation “in celebration of the House of Magnum.”
It will all take place at Palais Stéphanie on the Croisette from May 13-22, during which House of Magnum will be open daily culminating in an annual VIP party with a roster of talent. As part of the Magnum moment amid the festival, the brand is launching a global competition in collaboration with TikTok that invites emerging stylists and “pleasure seekers” to show “What I’d Wear in Cannes.”
Per Magnum, participants will be tasked with styling themselves “through the lens of their favorite Magnum flavor” and share their look on TikTok by tagging @Magnum and using #MagnumCannes. A winner will be selected and invited (with a plus-one) to join Magnum and Law in Cannes by sitting in the front row at the fashion event and dancing their way into a VIP afterparty.
“Magnum is a brand that understands intention,” said Roach, best known for styling Zendaya among other A-listers, such as Ariana Grande and Celine Dion. “For me, taste is about being deliberate. It is about knowing who you are, what you stand for and expressing that without compromise. Magnum embodies those values and Cannes is the perfect venue to show that off.”
Added Göze Iscan, global vp at Magnum: “Law Roach is one of the most influential creative voices in fashion today. His ability to shape culture through design and storytelling makes him the perfect partner to help bring the House of Magnum vision to life on a global stage like Cannes.”
During the festival, Magnum will debut a new signature range featuring pistachio and peach flavor profiles inspired by contemporary patisseries. Per Magnum, the offerings were “designed with couture-level attention to detail,” producing Magnum La Pistache and Magnum La Pêche.
Beijing-based sales company Rediance has taken on international sales of “Into the Jaws of the Ogre,” the debut feature documentary from Iranian-French director Mahsa Karampour, which is set to screen in the ACID sidebar at the Cannes Film Festival.
The film centres on Karampour’s reunion with her brother Siâvash, formerly a vocalist in an Iranian underground punk band now living in exile in New York. The pair travel through New York City and along American highways, the journey surfacing memories of Tehran – among them footage Karampour shot in Iran under censorship, her brother’s childhood recollections, and the story of the murder of Siâvash’s band, The Yellow Dogs, in New York. As Siâvash increasingly retreats into imaginary characters, the documentary traces a sibling relationship shaped and strained by displacement, set against a backdrop of escalating tension between Iran and the United States that carries personal consequences for both subjects.
“Into the Jaws of the Ogre” is produced by Mathilde Raczymow of Les films du Bilboquet, with support from Tënk, Mediapart, Périphérie, the CNC, Procirep et Angoa, Ciclic, SCAM, and Institut Français. The project was developed and presented at Parisdoc WIP, Moulin d’Andé, Massa Mare, Eurodoc, and the WIPP Festival.
Karampour trained at the École documentaire de Lussas following studies in sociology at EHESS and cinema at Sorbonne Nouvelle University. She works as a sound and camera operator, leads film workshops, and is active in festival programming. In 2024, she appeared in a stage adaptation of Abbas Kiarostami’s “Ten,” directed by Guilda Chahverdi.
Rediance has established a strong record with awarded international titles. Its recent slate includes Déni Oumar Pitsaev’s “Imago,” which won the Golden Eye for best documentary at Cannes last year, and Fujimoto Akio’s “Lost Land,” which received the Venice Horizons special jury prize and the best film prize at the Red Sea Film Festival. The company’s current lineup also includes “Tristan Forever” by Tobias Nölle and Loran Bonnardot, selected for Berlinale Panorama.
Japanese bitcoin treasury firm Metaplanet is back in the market with another round of balance-sheet leverage, issuing 8 billion yen, worth roughly $50 million, in zero-interest ordinary bonds to finance future bitcoin purchases.
In a Friday filing, the company said the latest issuance was fully taken up by EVO Fund, a Cayman Islands-based investor that has repeatedly anchored Metaplanet’s previous offerings. It also marks the firm’s 20th bond issuance, underscoring its long favored strategy of tapping debt markets to fund bitcoin accumulation.
Metaplanet, now Japan’s largest corporate bitcoin holder, has maintained a steady buying spree since April 2024, adding 5,075 $BTC in the first quarter alone. As of writing, it held 40,177 $BTC, which makes it the third-largest listed bitcoin treasury globally, according to BitcoinTreasuries.
The aggressive accumulation continues even as the firm faces deep paper losses. Metaplanet reported a $619 million net loss for fiscal 2025, largely driven by unrealized markdowns on its bitcoin stack.
The broader backdrop, however, has been volatile rather than outright bearish. Bitcoin, which briefly surged to an all-time high near $126,000 in October 2025, has since pulled back amid geopolitical shocks in the Middle East. It is currently trading around $77,800, still up roughly 10% over the past month as risk sentiment stabilizes.
Metaplanet, a publicly traded company based in Japan, has taken a new funding step to increase Bitcoin investments. In an official statement, the company announced the issuance of 8 billion yen (approximately $50 million) in zero-interest corporate bonds. The funds will be used directly for Bitcoin purchases.
It was announced that the issued bonds would be purchased by EVO Fund, the company’s largest shareholder and strategic equity partner. Metaplanet management stated that the liquidity generated from the funds would be quickly channeled into BTC purchases. This move demonstrates the company’s continued strategy of positioning Bitcoin as a core asset on its balance sheet.
Metaplanet’s recently adopted financing model is noteworthy. The company raises funds by issuing bonds, then uses these funds to purchase Bitcoin, simultaneously offering EVO Fund new share purchase rights. Subsequently, it uses the proceeds to repay its debt early. This cycle allows the company to grow its crypto asset position while keeping its debt costs low.
Analysts note that this strategy mirrors a MicroStrategy-like “Bitcoin treasury” approach. However, some experts warn that accumulating crypto assets through borrowing could pose risks against market fluctuations.
Metaplanet’s recent bond issuance reveals continued interest in Bitcoin from institutional investors and the increasing use of alternative financing methods.
Taipei, Taiwan — Japan’s southern island of Kyushu is known for its volcanic landscape and tonkatsu ramen, but the popular tourist destination is ground zero for one of the greatest shifts in Japan’s defence strategy since 1947, when it formally renounced the use of war to settle international disputes.
In late March, Japan deployed long-range missiles to Kumamoto Prefecture on the island’s southwest coast. Unlike previous defence installations, these missiles could hit China, reflecting the fact that Beijing has ranked as Japan’s top national security threat above North Korea and Russia since 2019.
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Defence Minister Shinjiro Koizumi told reporters at the time that “Japan faces the most severe and complex security environment in the post-war era” and the country must strengthen its “deterrence and responsiveness”.
Known as the “southern shield,” the new front in Japan’s defence strategy has seen the Japan Self-Defense Forces (JSDF), as the country’s military is formally known, deploy a range of weapons platforms as well as electronic warfare and air assets in southern Japan and its southwest outlying islands.
“The balance is changing. The defence posture has completely shifted towards the southwest, so the north is much less prioritised,” Suzuki Kazuto, director of the Institute of Geoeconomics, an independent think tank in Tokyo, said.
The ‘southern shield’
Much of Japan’s growing defence budget, which hit a record $58bn for the fiscal year 2026, has been allocated towards this build-up, he said. The strategy focuses heavily on the Nansei or Ryukyu Islands, which run from Kyushu to within 100km (62 miles) of Taiwan.
These islands form a natural barrier dividing the East China Sea from the Philippine Sea, and are a critical part of the United States-led “First Island Chain” maritime defence strategy, which aims to keep Chinese forces out of the Pacific.
While the “First Island Chain” strategy has its roots in the Cold War, Tokyo is worried about increased Chinese military activity in the Asia Pacific, including the East China Sea and the Taiwan Strait.
The “southern shield” aims to create “anti-access or area-denial layers along the First Island Chain, complicating potential Chinese operations near Taiwan or in the East China Sea,” said Jonathan Ping, a political economist whose work focuses on statecraft at Australia’s Bond University.
Japanese Self-Defense Forces conduct a search and rescue operation at a landslide site caused by Typhoon Nanmadol in Mimata town, Miyazaki Prefecture on Japan’s southern island of Kyushu on September 19, 2022, in this photo taken by Kyodo [Kyodo via Reuters]
It also incorporates a major shift in Japan’s defence policy towards acquiring “counterstrike capability” that would allow the JSDF to hit back if attacked, stretching the legal definition of what constitutes “self-defence”. These kinds of contradictions define the modern JSDF, which is a military in all but name and ranks alongside South Korea and France in the 2026 Global Firepower Index.
A military that uses ‘legal gymnastics’
The JSDF emerged from Japan’s post-war police, at a time when Japan was reckoning with the Imperial Army’s brutal wartime atrocities during the US occupation, according to Soyoung Kim, an assistant professor who researches Japan’s post-war security policy at Nagoya University.
JSDF members are legally classified as “special national government employees,” and until the end of the Cold War, focused largely on humanitarian and disaster relief. Their role began to change after the Gulf War, when Japanese politicians felt humiliated by their inability to offer military support to the US-led coalition, Kim said.
In the decades since, public attitudes about the role of the JSDF have begun to shift, Kim said, amid Japan’s ongoing territorial dispute with China over the Senkaku or Diaoyu Islands. The Japanese public also regularly receives alerts each time North Korea test-fires a missile, as a reminder that Pyongyang still poses a major threat to Japan.
“There is increasingly greater acceptance or perhaps resignation to greater mission capability of the SDF,” Kim told Al Jazeera.
Over the past decade, the Japanese government has slowly moved the needle on what the JSDF can legally do, starting with a 2014 constitutional ruling that found Japan could participate in the “collective self-defence” of its allies.
“Japan has largely avoided formal amendments, choosing instead to ‘reinterpret’ the text. This makes Japan unique not just for its pacifism, but for the ‘legal gymnastics’ required to maintain a modern military under a constitution that explicitly forbids one,” said Taniguchi Tomohiko, who served as a special adviser to the cabinet of Prime Minister Shinzo Abe.
In 2022, Japan’s national security strategy was expanded to include “counterstrike capabilities,” which means it can hit back if attacked. As part of this strategy, Japan is due to acquire 400 US-made Tomahawk missiles, which can be launched from submarines and naval vessels.
The US, not just China, is driving Japan’s shift
Tokyo will release the next phase of its national security strategy later this year, covering 2026 to 2030. The document is expected to incorporate lessons from Ukraine and Iran about drones and supply chain chokepoints, according to Suzuki at the Institute of Geoeconomics. In its latest legal backflip, Japan separately approved the export of lethal weapons this month as it moves to build up a domestic drone industry.
A TV screen in Tokyo displays a warning message called a ‘J-alert’ after the Japanese government issued an alert following a ballistic missile launch by North Korea on April 13, 2023. The message reads: The Japanese government warns citizens of the northernmost main island of Hokkaido to take immediate cover and stay inside buildings, as a missile was likely to fall near the island [Issei Kato/Reuters]
While some of these changes are a response to the rise of neighbouring China, they also reflect growing concern in Tokyo about its longtime ally, the US, and its ability or willingness to defend its allies, say analysts.
Japan has historically fallen under the protection of Washington’s nuclear umbrella, but China’s rapid military and nuclear expansion has “reduced the credibility of the US extended deterrence,” according to Kei Koga, an expert in East Asian security and the US-Japan alliance, at Nanyang Technological University in Singapore.
“Japan wants to play a more kind of active role to compensate for the relative gains of China,” he said, which includes a second-strike nuclear capability – the ability to retaliate after a nuclear attack. China’s close ties to Russia and North Korea have raised the stakes further, he said.
Japanese politicians are also worried about the long-running question of whether a conflict will break out over Taiwan, a self-ruled democracy of 23 million people. China claims Taiwan as a province and has pledged to annex it by peace or by force.
US military assessments state it will likely be capable of doing so by next year. Japanese Prime Minister Sanae Takaichi said in December that a Taiwan conflict could prove to be a “survival-threatening situation” for Japan, which hosts multiple US military bases.
Some of Japan’s outlying islands also lie closer to Taiwan than the Japanese mainland. And under US President Donald Trump, many of the longstanding assumptions about the US commitment to defend allies like Japan are changing.
Whether Trump would intervene to help Taiwan is even less certain. Washington does not formally recognise Taipei, although it has pledged to help Taiwan defend itself under the 1979 Taiwan Relations Act. Known as “strategic ambiguity,” the policy stops short of committing US forces, but it has long been seen as a credible enough threat to deter China from moving on the much smaller island.
Trump’s shift towards an “America First” policy and combative relationship with longtime allies in Europe has worried Japan. A 2025 survey by Japan’s Asahi Shimbun indicated that 77 percent of respondents doubt that the US would protect Japan in a military crisis.
“Everything is focused on the American interest and American defence, so defending other countries is not the priority,” Suzuki told Al Jazeera.
Growing US scepticism in Japan has pushed Tokyo to shore up alliances with other US allies like the Philippines and Australia, while also dimming some of the public criticism about Japan’s military build-up.
“For many years, the opposition assumed that the United States would come and rescue Japan, and therefore we don’t need to have more than self-defence,” Suzuki said. “Increasingly, people are realising this assumption is too optimistic, and we need to have at least the minimum capability to have deterrence and counterstrike capability.”
The New York Times published a detailed account this week of Iran’s new leadership structure, based on interviews with more than 20 Iranian officials, former officials, Revolutionary Guard members and individuals close to the new supreme leader. It deserves a careful read, but not for the reasons the Times intends.
The piece describes the new supreme leader, Ayatollah Mojtaba Khamenei, as gravely wounded, communicating via handwritten notes passed through a motorcycle courier chain, mentally sharp but with injuries that make speaking difficult, deliberately avoiding video out of concern for appearing weak. The key details of his condition come from unnamed Iranian officials. There is no photograph, no medical record, no independent verification of any kind. The article does not ask readers to weigh the incentives behind those sources. It presents the account as fact.
Reporting from inside an authoritarian state, especially one at war, where the regime decides who speaks to Western journalists and what they are permitted to say, requires deep scepticism that the article does not apply. The sources describing Mojtaba’s condition have a direct interest in the picture they are painting: a living, mentally engaged supreme leader who has simply delegated, but remains very much involved, during a difficult period. That picture serves the regime well. It preserves the fiction of functioning leadership. Perhaps this account is accurate. But reporting sourced entirely from people with a direct interest in what you believe deserves a disclaimer that the Times did not provide.
The sourcing problem would be significant on its own. But the historical framing underneath it is far more consequential.
The article states that power has shifted to “an entrenched, hard-line military” and that “the broad influence of the clerics is waning”. The implication, never stated outright but structurally present throughout, is that this represents a radicalisation of what came before. It does not.
Ayatollah Ali Khamenei, the cleric who led Iran for 35 years, advanced Iran’s nuclear programme to the edge of weaponisation, built the ballistic missile programme, the drone programme, and the network of proxies including Hezbollah, Hamas, the Houthis and the Shia militias in Iraq that threatened Israel, the Gulf states, and American forces across the region for decades. He crushed the Green Movement in 2009. His regime executed protesters in the crackdown that followed the 2022 uprising. He directed the IRGC’s Quds Force under Qassem Soleimani, whose operations killed and maimed American soldiers for years. The IRGC was not a force that the clerics restrained. It was the instrument through which the clerical vision was executed. Every major missile programme, every proxy network, every centrifuge facility was built under clerical direction.
Calling the current moment a shift from clerical moderation to military hardline is a rewriting of 45 years of history.
When President Trump says the new Iranian leaders may be more reasonable, he is not being naive about their character. He is making a harder observation: that after taking unprecedented military action against the regime, the people now making decisions in Tehran may have no viable path except the negotiating table. That is not a statement about Iranian goodwill. It is a statement about Iranian options. I remain sceptical that a real deal will materialise. But you do not find out without trying.
If Western policymakers and the analysts who shape their thinking come away believing that by going to war we have empowered hardliners instead of pragmatists within the Iranian system, they are drawing exactly the conclusion Tehran wants them to draw.
A claim repeated in media commentary and on Capitol Hill held that the United States was not already at war with Iran before the February strikes. That claim has always been a fiction. Iran had been waging war on the United States and its allies for decades, through terror proxies, attacks on American troops and a nuclear programme designed to hold the region hostage. Pretending otherwise did not make Americans or our allies in the Gulf and Israel safer. It made the eventual reckoning harder to explain and easier to mischaracterise as aggression rather than a long-overdue response to a severe threat that had been growing for 45 years.
A portrait that treats the clerics and the IRGC as distinct forces, one restraining and one radical, erases 45 years of evidence that they were always the same project pursuing the same ends. It helps the regime frame what is happening on its own terms. That serves Tehran, not the truth.
I served as the White House Middle East envoy from 2017 to 2019 and have remained engaged with regional leaders and diplomats in the years since. The Iranian regime, across every iteration, so-called reformist presidents, hardline presidents, pragmatic foreign ministers and IRGC commanders, pursued the same objectives. The faces changed. The goal did not. Anyone waiting for the clerical establishment to pull Iran towards moderation has not been paying attention for 45 years. The clerics built this. The IRGC executed it. They are not in tension. They are in partnership. The only thing that has changed is that sustained military pressure has left them with fewer options than they have ever had.
The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance.
Despite volatile price movements in the cryptocurrency market, long-term investors’ interest in Bitcoin continues to grow. According to a recent report published by ARK Invest, Bitcoin holdings by strong-willed investors, known as “conviction buyers,” showed a remarkable increase in the first quarter of the year.
According to the data in the report, despite the Bitcoin price declining by approximately 22% during the same period, the amount of BTC held by this group of investors increased from 2.13 million to 3.6 million. This represents a 69% increase in just three months. This growth stands out as the highest recorded since 2020.
Analysts note that this trend shows that investors, especially those with a long-term investment perspective, view market dips as buying opportunities. This group, described as “conviction buyers,” generally consists of investors who are not affected by short-term price fluctuations and prefer to hold their assets for a long time.
According to experts, this type of accumulation behavior is an important indicator for the market. Large investors buying during downturns can withdraw a significant portion of the supply from the market, creating upward pressure on prices in the long term.
On the other hand, while price volatility may continue in the short term, this strategy of institutional and large-scale investors is seen as reflecting confidence in the future of Bitcoin.