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Markus Thielen Predicts Bitcoin Surge Past $50,000: Unveiling the Rally's Secrets!
Bitcoin Bulls on the Run: Bitcoin could soon cross a price level of $50k, as reported by 10x Research.GBTC and FTX Selloff Coming to an End: The selloff in GBTC and FTX seems to be coming to an end.Technical Indicators Confirm Upcoming Move: Technical indicators confirm the upcoming move in Bitcoin's price.
Markus Thielen, the renowned crypto analyst and researcher, has been making waves in the Bitcoin community with his recent predictions. Just days ago, he boldly forecasted a bottom of $38,000 for Bitcoin, capturing the attention of investors worldwide. Now, Thielen's foresight once again takes center stage as he predicts that Bitcoin could soon soar past the $50,000 mark, potentially reaching a two-year high in price.
The anticipation surrounding Bitcoin's ascent is further fueled by the upcoming halving event, slated for April 2024. This event, characterized by a reduction in miner rewards, is expected to significantly boost Bitcoin's demand, further propelling its price upward.
Thielen's analysis, rooted in the Elliott wave theory, provides valuable insights into Bitcoin's price movements. According to this theory, price fluctuations occur in distinct wave patterns, with each wave representing alternating highs and lows. Thielen's interpretation of Bitcoin's Elliott Wave pattern indicates a promising trajectory, with the recent completion of the third and fourth waves setting the stage for a bullish resurgence.
Despite encountering resistance at the psychological threshold of $50,000, Bitcoin's momentum remains strong. Technical indicators, including the Relative Strength Index (RSI), signal a favorable outlook for Bitcoin's price movement. With RSI levels nearing the threshold for significant price shifts, investors are optimistic about Bitcoin's potential to surpass current resistance levels.
Moreover, Thielen sheds light on the recent market dynamics, attributing the previous price drop in Bitcoin to factors such as sell-offs by entities like the Grayscale Bitcoin Trust. However, with outflows from Grayscale's Bitcoin ETF stabilizing and overall ETF inflows showing positive trends, market sentiment is increasingly bullish.
Looking ahead, the impending halving event and strategic whale accumulation strategies are expected to drive Bitcoin's upward trajectory. Historical data illustrates the substantial returns Bitcoin has historically delivered following halving events, reaffirming investors' confidence in its long-term potential.
While technical analysis points towards a bullish breakout, prudent risk management is advised. Establishing stop-loss levels and closely monitoring support and resistance zones can help mitigate potential downside risks in this highly volatile market environment.
As the crypto market continues to evolve, it's essential for investors to stay informed and exercise caution. While Thielen's predictions offer valuable insights, it's crucial to conduct thorough research and make well-informed financial decisions tailored to individual risk tolerances and investment objectives.
#Bitcoin #BullMarket #FTX #gbtc #cryptocurrency
$BTC
Markus Thielen, the renowned crypto analyst and researcher, has been making waves in the Bitcoin community with his recent predictions. Just days ago, he boldly forecasted a bottom of $38,000 for Bitcoin, capturing the attention of investors worldwide. Now, Thielen's foresight once again takes center stage as he predicts that Bitcoin could soon soar past the $50,000 mark, potentially reaching a two-year high in price.
The anticipation surrounding Bitcoin's ascent is further fueled by the upcoming halving event, slated for April 2024. This event, characterized by a reduction in miner rewards, is expected to significantly boost Bitcoin's demand, further propelling its price upward.
Thielen's analysis, rooted in the Elliott wave theory, provides valuable insights into Bitcoin's price movements. According to this theory, price fluctuations occur in distinct wave patterns, with each wave representing alternating highs and lows. Thielen's interpretation of Bitcoin's Elliott Wave pattern indicates a promising trajectory, with the recent completion of the third and fourth waves setting the stage for a bullish resurgence.
Despite encountering resistance at the psychological threshold of $50,000, Bitcoin's momentum remains strong. Technical indicators, including the Relative Strength Index (RSI), signal a favorable outlook for Bitcoin's price movement. With RSI levels nearing the threshold for significant price shifts, investors are optimistic about Bitcoin's potential to surpass current resistance levels.
Moreover, Thielen sheds light on the recent market dynamics, attributing the previous price drop in Bitcoin to factors such as sell-offs by entities like the Grayscale Bitcoin Trust. However, with outflows from Grayscale's Bitcoin ETF stabilizing and overall ETF inflows showing positive trends, market sentiment is increasingly bullish.
Looking ahead, the impending halving event and strategic whale accumulation strategies are expected to drive Bitcoin's upward trajectory. Historical data illustrates the substantial returns Bitcoin has historically delivered following halving events, reaffirming investors' confidence in its long-term potential.
While technical analysis points towards a bullish breakout, prudent risk management is advised. Establishing stop-loss levels and closely monitoring support and resistance zones can help mitigate potential downside risks in this highly volatile market environment.
As the crypto market continues to evolve, it's essential for investors to stay informed and exercise caution. While Thielen's predictions offer valuable insights, it's crucial to conduct thorough research and make well-informed financial decisions tailored to individual risk tolerances and investment objectives.
#Bitcoin #BullMarket #FTX #gbtc #cryptocurrency
$BTC
📊 As the spot #BitcoinETFs settle into more normal trading, #gbtc has lost #Dominance in volumes.
At the start, GBTC accounted for over half of the daily volumes across #ETFs but now accounts for ~30% and was trumped by $IBIT last week 🚀
At the start, GBTC accounted for over half of the daily volumes across #ETFs but now accounts for ~30% and was trumped by $IBIT last week 🚀
Bitcoin ETF Market Sees $1.4B Surge in Three Days, BlackRock's Leads the Charge
#Bitcoin❗ ETF Market Sees $1.4B Surge in Three Days, BlackRock's Leads the Charge
As the crypto market recovers, the #BitcoinETF💰💰💰 market is performing really well with the cumulative net inflow for the 11 #BitcoinETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale #gbtc , the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot $BTC
ETF holdings.
#MemeCoinTrending
As the crypto market recovers, the #BitcoinETF💰💰💰 market is performing really well with the cumulative net inflow for the 11 #BitcoinETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale #gbtc , the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot $BTC
ETF holdings.
#MemeCoinTrending
BNB: Native Binance Token
$BNB $BTC $ETH
With the beginning of Binance exchange in 2017, BNB token was issues as Initial Coin Offering.
Key Points:
👉 BNB was in the beginning an ethereum token but today it is native token of Binance Blockchain.
👉 Binance burns some tokens to keep a balance every quarter.
👉 BNB was a utility token for discounted trading but today it has varied applications.
#etf
#gbtc
#fomo
💥 follow and comment to get crypto box
$BNB $BTC $ETH
With the beginning of Binance exchange in 2017, BNB token was issues as Initial Coin Offering.
Key Points:
👉 BNB was in the beginning an ethereum token but today it is native token of Binance Blockchain.
👉 Binance burns some tokens to keep a balance every quarter.
👉 BNB was a utility token for discounted trading but today it has varied applications.
#etf
#gbtc
#fomo
💥 follow and comment to get crypto box
It's Been Quite A Wild Ride In The Markets Recently.
Many Were Waiting For A Market Dip To Buy More Of Their Favourite #altcoins But Instead What Did We Get‼️
A Surprising 20-25% Pump In $BTC Over Past Three Days😀
This Unexpected Surge Definitely Changed The Entire Market Sentiment📍
But I Personally Will Not Ape Into Anything Just Yet🙏
Why? 👀
It's Still Entirely Possible For The Market To Turn Around & Touch The 25K Area One More Time💯
Either Way Aping Right Now Won't Guarantee You 100s Of Thousands Of Dollars Instantly
It's Best To Have Patience Before Jumping Into Investing Right Now👍
There Are Many Quality New Projects That Have Been Working Diligently During The Bear Market And Are Yet To Launch👀
So Stick To Your Plan & Continue Dollar Cost Averaging (DCA) Into Top Projects
Avoid #fomo In Something Mid-Way Just Because You Believe The Markets Are About To Take Off📈
And The Most Important👇
Keep Accumulating As Much Cash As You Can To Capitalise On Opportunities When They Come.🤑
Take It Easy, Stay Informed And Make Well Thought Out Decisions.🤝
$ETH $BNB
#BinanceSquare #etf #gbtc
Many Were Waiting For A Market Dip To Buy More Of Their Favourite #altcoins But Instead What Did We Get‼️
A Surprising 20-25% Pump In $BTC Over Past Three Days😀
This Unexpected Surge Definitely Changed The Entire Market Sentiment📍
But I Personally Will Not Ape Into Anything Just Yet🙏
Why? 👀
It's Still Entirely Possible For The Market To Turn Around & Touch The 25K Area One More Time💯
Either Way Aping Right Now Won't Guarantee You 100s Of Thousands Of Dollars Instantly
It's Best To Have Patience Before Jumping Into Investing Right Now👍
There Are Many Quality New Projects That Have Been Working Diligently During The Bear Market And Are Yet To Launch👀
So Stick To Your Plan & Continue Dollar Cost Averaging (DCA) Into Top Projects
Avoid #fomo In Something Mid-Way Just Because You Believe The Markets Are About To Take Off📈
And The Most Important👇
Keep Accumulating As Much Cash As You Can To Capitalise On Opportunities When They Come.🤑
Take It Easy, Stay Informed And Make Well Thought Out Decisions.🤝
$ETH $BNB
#BinanceSquare #etf #gbtc
🏧 Buy Now 1inch
😂DISCLAIMER
please If you have a problem with making a lot of money then this community isn’t for you!
🎁Leave a comment for my secret 100x coin selection Strategy
Market Oder
Entry:0.2889
Leverage 25x
Cross margin
Take Profits
1) 0.2933
2) 0.2988
3) 0.3043
5) 0.3101
6) 0.3205
Stop loss
0.2817
#etf #Meme #fomo #gbtc $BNB $BTC $1INCH
😂DISCLAIMER
please If you have a problem with making a lot of money then this community isn’t for you!
🎁Leave a comment for my secret 100x coin selection Strategy
Market Oder
Entry:0.2889
Leverage 25x
Cross margin
Take Profits
1) 0.2933
2) 0.2988
3) 0.3043
5) 0.3101
6) 0.3205
Stop loss
0.2817
#etf #Meme #fomo #gbtc $BNB $BTC $1INCH
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#gbtc #SHIBUSDT #AVAX
Coin Circle News
U.S. Treasury Department Releases 2025 Crypto Tax System
Pudgy Penguins' Parent Company Acquires Web3 Creator Platform Frame to Build New Layer 2
Consensys Sued, U.S. SEC Takes Staking Again
Farcaster Launches In-App USDC Payment Function
U.S. Judge Allows SEC to Continue Most of the Lawsuits against Binance
Blast Launches Governance System and Launches First Proposal of "Enabling Points for BLAST Holders"
Coinbase Applies to List SHIB, LINK, AVAX, XLM and DOT Futures Contracts
CryptoQuant Research Director: Bitcoin Miner Capitulation Indicator Is Equivalent to December 2022 Levels
Ethereum Network Gas Drops to 1 Gwei.
GBTC Net Outflow of $27.2 Million Yesterday
Aperture Finance Token APTR Has Been Listed on Bybit Earn, staking APR up to 50%
Jupiter Lianchuang: DAO will vote on JUP supply reduction in July, there may be LFG Launchpad
Coin Circle News
U.S. Treasury Department Releases 2025 Crypto Tax System
Pudgy Penguins' Parent Company Acquires Web3 Creator Platform Frame to Build New Layer 2
Consensys Sued, U.S. SEC Takes Staking Again
Farcaster Launches In-App USDC Payment Function
U.S. Judge Allows SEC to Continue Most of the Lawsuits against Binance
Blast Launches Governance System and Launches First Proposal of "Enabling Points for BLAST Holders"
Coinbase Applies to List SHIB, LINK, AVAX, XLM and DOT Futures Contracts
CryptoQuant Research Director: Bitcoin Miner Capitulation Indicator Is Equivalent to December 2022 Levels
Ethereum Network Gas Drops to 1 Gwei.
GBTC Net Outflow of $27.2 Million Yesterday
Aperture Finance Token APTR Has Been Listed on Bybit Earn, staking APR up to 50%
Jupiter Lianchuang: DAO will vote on JUP supply reduction in July, there may be LFG Launchpad
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Fidelity's FBTC beat Grauscale's GBTC by equity
Starting from the launch of #ETFvsBTC on January 11, 2024, the fund #gbtc from Grauscale was recognized as the constant leader in capital outflow. Because of this, it even lost its status as the world's largest exchange-traded fund that tracks the dynamics of BTC. However, over the past few days the situation has changed. According to the analytical platform FarSide, four out of five days of trading #BTCETFSPOT funds recorded withdrawals. On Monday, the total outflow amounted to $64.9 million, on Tuesday - $200.4 million, on Thursday - $226.2 million, on Friday - $189.9 million. And only Wednesday, June 12, became an exception. On this day, the capital inflow in #ETFs exceeded $100.8 million. It is interesting that GBTC from Grauscale lost its status as the leader in capital outflow on Thursday and Friday. These days, $61.5 million and $52.3 million were withdrawn from the fund, respectively. Then, the outflow of funds from FBTC from Fidelity amounted to $106.4 million on Thursday and $80.1 million on Friday. This is the first time that the Fidelita fund has received negative results for two days in a row. Against the backdrop of almost a week of outflows from ETFs, Bitcoin fell to $66,000, which was the lowest price this month.#BTC $BTC $BNB $ETH
I guess Barry (#gbtc ) might ruin the setups. This is absurd at this point. So many setups have been ruined due to gbtc selling.
GBTC still has $BTC worth more than 22 billions 😳📉📉📉📉
GBTC still has $BTC worth more than 22 billions 😳📉📉📉📉
crypto_jogi
Jan 22, 2024
Took a small long position in $LDO looks good as it has taken the liquidity at the equal lows. Looking towards a re-test of 3.2-3.5 range if $BTC helps.
Manage your risk.
#BTC #LDOUSDT
Manage your risk.
#BTC #LDOUSDT
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Bitcoin spot ETFs had a total net outflow of $121 million yesterday, and the ETF net asset ratio reached 4.25%
Yesterday (April 24, Eastern Time), Bitcoin spot ETFs had a total net outflow of $121 million. Among them, Grayscale ETF GBTC had a single-day net outflow of $130 million, bringing GBTC's historical net outflow to $16.963 billion. Fidelity ETF FBTC became the Bitcoin spot ETF with the largest single-day net inflow yesterday, with a net inflow of $5.6069 million, and its historical total net inflow has reached $8.186 billion. Following closely behind is Ark Invest and 21Shares' ETF ARKB, which had a single-day net inflow of $4.1719 million yesterday. Currently, ARKB's historical total net inflow has reached $2.272 billion.
As of press time, the total net asset value of the Bitcoin spot ETF is US$53.65 billion, the ETF net asset ratio (the ratio of market value to the total market value of Bitcoin) is 4.25%, and the historical cumulative net inflow has reached US$12.295 billion.
Yesterday (April 24, Eastern Time), Bitcoin spot ETFs had a total net outflow of $121 million. Among them, Grayscale ETF GBTC had a single-day net outflow of $130 million, bringing GBTC's historical net outflow to $16.963 billion. Fidelity ETF FBTC became the Bitcoin spot ETF with the largest single-day net inflow yesterday, with a net inflow of $5.6069 million, and its historical total net inflow has reached $8.186 billion. Following closely behind is Ark Invest and 21Shares' ETF ARKB, which had a single-day net inflow of $4.1719 million yesterday. Currently, ARKB's historical total net inflow has reached $2.272 billion.
As of press time, the total net asset value of the Bitcoin spot ETF is US$53.65 billion, the ETF net asset ratio (the ratio of market value to the total market value of Bitcoin) is 4.25%, and the historical cumulative net inflow has reached US$12.295 billion.
📈 US Bitcoin ETFs Experience Strong Inflows Led by #BlackRock
US Bitcoin ETFs have seen a five-day streak of positive inflows, totaling $246 million. Notably, BlackRock's iShares Bitcoin Trust (IBIT) stands out, pulling in $184 million on Wednesday alone. 🚀
Despite a tumultuous market, investor confidence in Bitcoin ETFs appears to be growing. While BlackRock dominates the scene, other funds like Bitwise’s #BitcoinETFs (BITB) managed to attract only $2 million, with significant outflows from Fidelity’s $BTC Fund ($33 million) and ARK Invest’s ETF ($47 million). 💰
👀 The shift in investor preferences suggests a move towards larger, more established funds, as seen with IBIT's substantial gains compared to the struggles of #grayscale ’s Bitcoin Trust (GBTC), which has lost over $20 billion since converting to an #ETF✅ .
#gbtc
US Bitcoin ETFs have seen a five-day streak of positive inflows, totaling $246 million. Notably, BlackRock's iShares Bitcoin Trust (IBIT) stands out, pulling in $184 million on Wednesday alone. 🚀
Despite a tumultuous market, investor confidence in Bitcoin ETFs appears to be growing. While BlackRock dominates the scene, other funds like Bitwise’s #BitcoinETFs (BITB) managed to attract only $2 million, with significant outflows from Fidelity’s $BTC Fund ($33 million) and ARK Invest’s ETF ($47 million). 💰
👀 The shift in investor preferences suggests a move towards larger, more established funds, as seen with IBIT's substantial gains compared to the struggles of #grayscale ’s Bitcoin Trust (GBTC), which has lost over $20 billion since converting to an #ETF✅ .
#gbtc
#GRAYSCALE - the renowned #bitcoinetf giant has introduced the Dynamic Income Fund.
The Grayscale Dynamic Income Fund (GDIF) will hold assets of 9 blockchains: Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, SEI Network and Solana.
The primary objective of the #GDIF is to distribute rewards in US dollars on a quarterly basis. Grayscale aims to capitalize on the potential of crypto staking, a process where users can earn rewards by participating in network validation activities.
While the cryptocurrency market experiences record highs, Grayscale's flagship product, the #gbtc ETF, has faced significant outflows. Since its conversion to an ETF on January 11, 2024, GBTC has seen a 33% reduction in #BTC holdings, amounting to record outflows of $9.266 billion. Reasons include high fees, competition from cheaper alternatives, and the sale of stakes by bankrupt cryptocurrency companies.
The Grayscale Dynamic Income Fund (GDIF) will hold assets of 9 blockchains: Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, SEI Network and Solana.
The primary objective of the #GDIF is to distribute rewards in US dollars on a quarterly basis. Grayscale aims to capitalize on the potential of crypto staking, a process where users can earn rewards by participating in network validation activities.
While the cryptocurrency market experiences record highs, Grayscale's flagship product, the #gbtc ETF, has faced significant outflows. Since its conversion to an ETF on January 11, 2024, GBTC has seen a 33% reduction in #BTC holdings, amounting to record outflows of $9.266 billion. Reasons include high fees, competition from cheaper alternatives, and the sale of stakes by bankrupt cryptocurrency companies.
Morgan Stanley's $270 million investment in Bitcoin through Grayscale's GBTC trust signifies a notable shift in mainstream finance's acceptance of cryptocurrency. This move places the bank among the major holders of GBTC and aligns with a broader trend of institutional investors showing increasing interest in Bitcoin.
#Bitcoin2024 #gbtc #Garyscale #MemeWatch2024
#Bitcoin2024 #gbtc #Garyscale #MemeWatch2024
Bitcoin (BTC) Remains Strongest Asset for Institutions: MicroStrategy's Michael Saylor Shows
A recent data sheet provided by Michael Saylor, a renowned advocate for Bitcoin and the CEO of MicroStrategy, further underscores the dominance of digital gold over other assets.
A meticulous glance at the asset class total returns sheet, spanning from 2011 to 2023, showcases Bitcoin's exceptional performance. In almost every year since 2011, Bitcoin has outperformed other traditional investment vehicles. While there have been moments of volatility and dips in the crypto market, BTC has showcased resilience and an upward trajectory that no other asset class can parallel.
Its cumulative return from 2011-2023 is a jaw-dropping 1,120,785%, with an annualized return of 147.5%. These numbers are staggering, especially when compared to other asset classes like the U.S. Nasdaq 100 or U.S. Large Caps, which, though solid performers, lag significantly behind Bitcoin's return rate.
Another insightful dimension to this conversation is MicroStrategy's Bitcoin portfolio. From the provided tracker, it is evident that MicroStrategy, under Saylor's leadership, has been bullish on Bitcoin. The firm's current holdings stand at an impressive 158,245 BTC, valued at approximately $5.43 billion. Their portfolio indicates strategic purchases, capitalizing on Bitcoin's dips, and subsequently leveraging its surges. Such a sizable investment from a major institution serves as testament to the increasing faith in Bitcoin's long-term potential and its role as a store of value. The data also depicts MicroStrategy's approach to Bitcoin as one of consistent accumulation. The green purchase markers on the graph illustrate a pattern of buying the dips, signifying a long-term bullish stance on the cryptocurrency. This conviction in Bitcoin is further reflected in the company's total dollar cost average and the present market price of Bitcoin, indicating healthy returns on their investments.
#BTC #Meme #etf #gbtc #gbtc
A recent data sheet provided by Michael Saylor, a renowned advocate for Bitcoin and the CEO of MicroStrategy, further underscores the dominance of digital gold over other assets.
A meticulous glance at the asset class total returns sheet, spanning from 2011 to 2023, showcases Bitcoin's exceptional performance. In almost every year since 2011, Bitcoin has outperformed other traditional investment vehicles. While there have been moments of volatility and dips in the crypto market, BTC has showcased resilience and an upward trajectory that no other asset class can parallel.
Its cumulative return from 2011-2023 is a jaw-dropping 1,120,785%, with an annualized return of 147.5%. These numbers are staggering, especially when compared to other asset classes like the U.S. Nasdaq 100 or U.S. Large Caps, which, though solid performers, lag significantly behind Bitcoin's return rate.
Another insightful dimension to this conversation is MicroStrategy's Bitcoin portfolio. From the provided tracker, it is evident that MicroStrategy, under Saylor's leadership, has been bullish on Bitcoin. The firm's current holdings stand at an impressive 158,245 BTC, valued at approximately $5.43 billion. Their portfolio indicates strategic purchases, capitalizing on Bitcoin's dips, and subsequently leveraging its surges. Such a sizable investment from a major institution serves as testament to the increasing faith in Bitcoin's long-term potential and its role as a store of value. The data also depicts MicroStrategy's approach to Bitcoin as one of consistent accumulation. The green purchase markers on the graph illustrate a pattern of buying the dips, signifying a long-term bullish stance on the cryptocurrency. This conviction in Bitcoin is further reflected in the company's total dollar cost average and the present market price of Bitcoin, indicating healthy returns on their investments.
#BTC #Meme #etf #gbtc #gbtc
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On April 19, Grayscale's GBTC funds saw a net outflow of $46 million.
According to news on April 20, Bitwise BITB recorded a net inflow of $5 million on April 19, Franklin EZBC had a net inflow of $2 million, ARKB had a net inflow of $12.5 million, and Grayscale's GBTC had a net outflow of $46 million. #gbtc #ezbc #ARKB
According to news on April 20, Bitwise BITB recorded a net inflow of $5 million on April 19, Franklin EZBC had a net inflow of $2 million, ARKB had a net inflow of $12.5 million, and Grayscale's GBTC had a net outflow of $46 million. #gbtc #ezbc #ARKB
- Bitcoin (BTC) remains above $65,000 despite experiencing the highest-ever outflows from the Grayscale Bitcoin Trust (GBTC).
- GBTC outflows reached $643 million on March 18, primarily due to high fees and competition from Bitcoin exchange-traded funds (ETFs).
- Data from investment firm Farside indicates a net outflow from bitcoin ETFs, with the iShares bitcoin ETF (IBIT) seeing the most inflow.
- The launch of bitcoin ETFs earlier this year has led to significant outflows from GBTC, contributing to selling pressure on the price of bitcoin.
- Short-term bitcoin holders taking profit on recent gains also contribute to selling pressure, as noted by CryptoQuant.
- Despite a recent 8.5% decline over the last week, bitcoin remains up 27% over the past 30 days, according to CoinDesk Indices data.
#HotTrends #BTC #gbtc
- GBTC outflows reached $643 million on March 18, primarily due to high fees and competition from Bitcoin exchange-traded funds (ETFs).
- Data from investment firm Farside indicates a net outflow from bitcoin ETFs, with the iShares bitcoin ETF (IBIT) seeing the most inflow.
- The launch of bitcoin ETFs earlier this year has led to significant outflows from GBTC, contributing to selling pressure on the price of bitcoin.
- Short-term bitcoin holders taking profit on recent gains also contribute to selling pressure, as noted by CryptoQuant.
- Despite a recent 8.5% decline over the last week, bitcoin remains up 27% over the past 30 days, according to CoinDesk Indices data.
#HotTrends #BTC #gbtc
This copy lead trader , didn’t closed any trade in loss
Have a look #DeFiChallenge #BinanceSquare #gbtc #etf $BNB $XRP #
Have a look #DeFiChallenge #BinanceSquare #gbtc #etf $BNB $XRP #
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BlackRock IBIT's trading volume reached $1.24 billion, while Grayscale GBTC's trading volume was $526 million.
According to news on April 17, the trading volume data of Bitcoin spot ETFs on April 16 are as follows:
BlackRock IBIT: $1.24 billion
Grayscale GBTC: $526 million
Fidelity FBTC: $421 million
ProShares BITO: $273 million
ARKB: $97 million
BITB: $79.81 million
#gbtc #比特币 #FBTC #ARKB
According to news on April 17, the trading volume data of Bitcoin spot ETFs on April 16 are as follows:
BlackRock IBIT: $1.24 billion
Grayscale GBTC: $526 million
Fidelity FBTC: $421 million
ProShares BITO: $273 million
ARKB: $97 million
BITB: $79.81 million
#gbtc #比特币 #FBTC #ARKB
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