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🎉🚀 Bitcoin and Ethereum are making waves, folks! Analyst Lark Davis has made some bold predictions for these top assets. He believes Bitcoin will skyrocket to $150,000 and Ethereum will reach $15,000, all thanks to market dynamics. 📈💰 Spot Bitcoin ETFs are already attracting hundreds of millions of dollars daily, and Ethereum ETFs are just about to start trading. Davis predicts a bullish scenario where a peak bull market coincides with massive investments from countries, wealth managers, pension funds, and retail investors, resulting in billions of dollars being funneled into ETFs daily. 🌍💼🏦 As of May 24th, all spot Bitcoin ETFs hold around 1,002,343 BTC, with a significant proportion allocated to US-based products. This shows growing mainstream acceptance and institutional interest in cryptocurrencies, especially in the US. 🇺🇸🎯 The fact that spot Bitcoin ETFs collectively hold over a million BTC implies increased demand for the asset. As these ETFs acquire and hold Bitcoin, it reduces the available supply in circulation. With the cryptocurrency’s supply fixed and diminishing due to factors such as halving events, increased institutional interest and investment through ETFs could intensify scarcity, potentially driving up demand and prices further. 📊🔥 Meanwhile, Ethereum’s price failed to challenge the $4,000 resistance, but promising signs are emerging that could cause a much-needed spike. Keep your eyes on the prize, crypto enthusiasts! 🚀🌕

🎉🚀 Bitcoin and Ethereum are making waves, folks! Analyst Lark Davis has made some bold predictions for these top assets. He believes Bitcoin will skyrocket to $150,000 and Ethereum will reach $15,000, all thanks to market dynamics. 📈💰

Spot Bitcoin ETFs are already attracting hundreds of millions of dollars daily, and Ethereum ETFs are just about to start trading. Davis predicts a bullish scenario where a peak bull market coincides with massive investments from countries, wealth managers, pension funds, and retail investors, resulting in billions of dollars being funneled into ETFs daily. 🌍💼🏦

As of May 24th, all spot Bitcoin ETFs hold around 1,002,343 BTC, with a significant proportion allocated to US-based products. This shows growing mainstream acceptance and institutional interest in cryptocurrencies, especially in the US. 🇺🇸🎯

The fact that spot Bitcoin ETFs collectively hold over a million BTC implies increased demand for the asset. As these ETFs acquire and hold Bitcoin, it reduces the available supply in circulation. With the cryptocurrency’s supply fixed and diminishing due to factors such as halving events, increased institutional interest and investment through ETFs could intensify scarcity, potentially driving up demand and prices further. 📊🔥

Meanwhile, Ethereum’s price failed to challenge the $4,000 resistance, but promising signs are emerging that could cause a much-needed spike. Keep your eyes on the prize, crypto enthusiasts! 🚀🌕

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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🚀🎉 Bitcoin enthusiasts, hold onto your hats! Large investors, or as we like to call them, "sharks" and "whales," have been gobbling up BTC during market downturns and selling during market upswings. 🐋💰 Data reveals that Bitcoin wallets holding at least 10 BTC have seen a significant increase in the past five months, adding a whopping 154,560 BTC! 📈💼 This accumulation started amidst a market decline in October 2019, sailed through the COVID scare, and continued into early 2022, pushing BTC to a new all-time high above $60,000. 🚀🌕 However, mid-2022 saw a mass dumping as US interest rates wreaked havoc on all markets, dragging BTC down below $17,000. 😱💔 But fear not! Aggressive sharks and whales started accumulating again in December 2023, likely in anticipation of increased institutional investment, especially with the approval of spot Bitcoin ETFs in January this year. 🏦💸 The addition of 154,560 more BTC over the past five months indicates significant accumulation by large investors. Typically, this precedes a bullish phase with rising market prices. 📈🐂 On the flip side, when these big players start to offload their BTC, it often signals the onset of a bear market. 📉🐻 Interestingly, 50% of BTC’s total supply from long-term holders (1-2 years) has remained inactive for over a year, suggesting a reluctance to sell for quick gains. 💼🔒 So, what does all this mean? Experts predict that we could be on the cusp of a fresh peak between October 2024 and March 2025. So, keep your eyes peeled, Bitcoiners! 🚀🌕
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🎉Hey there, Bitcoin enthusiasts!🎉 BTC's price has been dancing between $67,200 and $70,000 recently, and is now chilling at $68K. Some market gurus are predicting a major pump, with forecasts suggesting it could skyrocket to $150,000! 🚀 This is all thanks to the impact of Bitcoin ETFs, which are attracting "hundreds of millions" of dollars in inflows daily. Analyst Lark Davis is one of the big believers, envisioning BTC's bull run will be fueled by these ETFs. He's excited about the prospect of countries, wealth managers, pension funds, and retail buying billions of dollars worth of ETFs daily. 🌍💰 Crypto Rover, another bullish analyst, sees the BTC supply "available to the masses" gradually decreasing, hinting at an "enormous bull market" on the horizon. 📈 Don't forget about the BTC halving, a key mechanism in Bitcoin’s supply system that directly impacts its inflation rate. This event, which happened a month ago, slows down BTC production by half, making the asset scarcer and potentially more valuable over time. Historically, it's been a precursor of a massive bull run for BTC and the entire crypto market. 🐂 Meanwhile, Ripple's XRP is trading around $0.524, with expectations of a significant surge. Key targets are $1.20 to $1.50, with a critical breakout point at $0.70 – $0.75. 🎯 And let's not forget Dogecoin, which faces significant resistance between $0.166 and $0.171 but could potentially double if it overcomes this barrier. 🐕 Stay tuned, crypto fans! The future looks bright for Bitcoin! 🌞🌈
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🚀🚀🚀 Bitcoin enthusiasts, buckle up! Long-term Bitcoin holders (holding for 1-2 years) have been observed to sell portions of their holdings during bullish phases when BTC's price is on the rise. But wait, there's more! 🎉 Those with Bitcoin UTXOs (unspent transaction outputs) older than 3 years are still accumulating more BTC, showing a strong bullish sentiment. So, it's not all sell, sell, sell! 💪💪 CryptoQuant's latest findings reveal that over 50% of BTC's total supply has been inactive on the blockchain for over a year. This suggests that long-term holders are confident about Bitcoin's future value despite price fluctuations. 📈📈 As BTC's price recovered to $56,000, the 1-year and 2-year holder cohorts transitioned from a selling phase to a holding one, signaling renewed confidence in Bitcoin's upside potential. The technical outlook is at a critical juncture, testing significant support levels. But long-term holders' behavior suggests an underlying bullish sentiment. 🚀🚀 Glassnode also noted that a group of long-term Bitcoin holders, who had been selling portions of their holdings since December 2023, have started re-accumulating or buying BTC again. This could mean significant volatility may be needed to trigger another wave of sell-offs from these long-term holders. 😎😎 CryptoQuant warns that a break below the daily Ichimoku cloud could shift market sentiment bearish, potentially leading to a retracement towards $64,000. But don't fret! IntoTheBlock estimates that the next market peak could occur between October 2024 and March 2025. So, hold on to your hats, Bitcoin believers! 🎉🎉🎉
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