#ETHPriceSurge The influx of $9.7 billion into stablecoins over the past 30 days will bring the rate of the first cryptocurrency to the $100,000 mark by the end of November. This was stated by Leon Weidman, head of The Onchain Foundation's research department.
"The largest monthly influx in history. [...] Speculative demand continues to grow!" he said.
A similar view is shared by Ryan Lee, chief analyst at Bitget Research.
"If history repeats itself, there remains a growth potential of 14.7%, which is much higher than the goal of $100,000. The trend of post—trading is very positive when predicting the future of bitcoin," the expert said.
Inflows into $BTC
-ETFs also provide support. On November 20, $773 million was received into products. The positive dynamics continued for the third day in a row.
The volume of assets in the instruments exceeded $100 billion (5.4% of the capitalization of digital gold).
Since the approval, investors have sent $29.35 billion to exchange-traded funds.
Earlier, the launch of options on the #BTC☀ -ETF threw bitcoin to ATH near $ 94,000.
Recall that Glassnode noted that the price of the first cryptocurrency did not reach the levels for profit-taking by hodlers.CryptoQuant stressed that so far only one of the five signals indicates the end of the bitcoin rally