Bernstein analysts predict that the cryptocurrency market cap will reach $7.5 trillion by 2025. This prediction is primarily driven by the Bitcoin and Ethereum ecosystems, but also by unprecedented growth in institutional adoption.
I am somewhat optimistic about this prediction. As the cryptocurrency market matures and continues to develop, the influence of mainstream crypto assets such as Bitcoin and Ethereum will further increase. At the same time, more and more institutional investors will join this field, thereby driving the expansion of the market size.
On March 21, Bitcoin spot ETFs saw a net outflow of about $295 million. Lookonchain data showed that a total of 9 ETFs reduced their holdings by 4,413 BTC. In particular, Grayscale reduced its holdings by 6,899 BTC, with a value of about $462 million.
At the same time, the holdings of ARK 21Shares spot Bitcoin ETF ARKB have shown an upward trend. As of this week, its holdings have exceeded 40,000 BTC, specifically, reaching 40,183.475 BTC, and the market value of its holdings has reached US$2,633,868,834.16. As of March 20, the number of ARKB's outstanding shares also exceeded 40 million, with a net asset value of approximately US$65.53 per unit. This series of data shows that although some Bitcoin spot ETFs have experienced capital outflows, ARKB has continued to increase its holdings of Bitcoin, and on a large scale. This shows that some institutional investors remain optimistic about Bitcoin and are willing to increase its share in their investment portfolios.
BlackRock's IBIT holdings continued to grow, reaching 239,252.96068 bitcoins as of March 20, worth about $1.568 billion, while the number of outstanding shares exceeded 418 million. According to reports, BlackRock's IBIT raised $233 million on March 21.
This series of data shows that BlackRock's investment in Bitcoin is still expanding, and the market's recognition of digital assets continues to increase. Considering BlackRock's influence and resource advantages in the financial field, its continued optimism about Bitcoin may further promote Bitcoin's market performance. From a long-term investment perspective, Bitcoin's appeal lies in its scarcity and status as digital gold. As institutional investors' interest in digital assets increases, Bitcoin is expected to become a stable and potential investment target.
BTC: It closed with a small negative line yesterday. It is currently observed to be a callback with shrinking volume, which is not a big problem. If you choose a strong adjustment in the short term: a small shock to repair the current market, and finally, choose to shock upward; if you choose a weak adjustment in the short term: a second bottoming out or a pin without breaking the previous low; finally, choose to shock upward; strong pressure: around 68,800;
ETH: It closed with a spindle yesterday. The rise was large-volume, and the callback was small-volume. The short-term trend may continue to be stronger than the big cake. It will fluctuate or bottom out again in the short term to repair it, and finally resume the upward trend. Strong pressure: around 3587; around 3697;
Altcoins: RWA track tokens rose extremely fiercely yesterday. Many altcoins have rebounded from oversold levels. Even if there is a slight decline in the short term, the adjustment range is limited. In the short term, you can gradually start to lay out your favorite tracks.
Today's hot topics: Layer2; RWA;
The Fear Index is currently at 75 (Greed) #BTC超话
