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#SEC #EFT #BTC Bitcoin’s Open Interest Movement: A Significant Trend to Watch
The cryptocurrency market is experiencing a notable resurgence with the skyrocketing prices of Bitcoin (BTC) and many other altcoins, sparking debates about a possible new bull market. The recent volatility in the market indicates that cryptocurrencies are regaining investors’ trust and they are investing in riskier assets amidst renewed optimism.
Bitcoin’s Open Interest Movement
The largest cryptocurrency, Bitcoin, experienced a rally triggered by false news initially claiming that the SEC had given the green light to BlackRock’s spot Bitcoin ETF. During that time, Bitcoin’s open interest significantly increased, drawing the attention of market participants. However, after the news of the approval for the spot Bitcoin ETF was debunked, there was a significant drop of $600 million in open interest.
According to CoinGlass data, Bitcoin’s open interest is currently approaching the $15 billion mark, standing at $14.91 billion. Open interest represents the total number of outstanding derivative contracts, such as options or futures, that have yet to be settled. It provides data on the liquidity and interest in a particular contract by focusing on each open position within the contract. It helps measure whether there is an increase or decrease in capital inflows into the contract.
The cryptocurrency market is experiencing a notable resurgence with the skyrocketing prices of Bitcoin (BTC) and many other altcoins, sparking debates about a possible new bull market. The recent volatility in the market indicates that cryptocurrencies are regaining investors’ trust and they are investing in riskier assets amidst renewed optimism.
Bitcoin’s Open Interest Movement
The largest cryptocurrency, Bitcoin, experienced a rally triggered by false news initially claiming that the SEC had given the green light to BlackRock’s spot Bitcoin ETF. During that time, Bitcoin’s open interest significantly increased, drawing the attention of market participants. However, after the news of the approval for the spot Bitcoin ETF was debunked, there was a significant drop of $600 million in open interest.
According to CoinGlass data, Bitcoin’s open interest is currently approaching the $15 billion mark, standing at $14.91 billion. Open interest represents the total number of outstanding derivative contracts, such as options or futures, that have yet to be settled. It provides data on the liquidity and interest in a particular contract by focusing on each open position within the contract. It helps measure whether there is an increase or decrease in capital inflows into the contract.
Bitcoin: Could BTC Hit $45K by the Start of 2024?
BTC Hit $45K by the Start of 2024?
Table of Contents
Crypto News
Bitcoin: Could BTC Hit $45K by the Start of 2024?
JP
JP
Bitcoin ETF
ETF
Bitcoin
BTC
Spot
SPOT
View
VIEW
TheBitTimes
By TheBitTimes
22m ago
•
4 mins read
Bitcoin: Could BTC Hit $45K by the Start of 2024?
Table of Contents
Spot Bitcoin ETF Approval Could Incite Climb to $45,000
The prevalence of the industry’s most prominent digital asset has been undeniable throughout the year. Yet, with investors swarming amidst talks of potential exchange-traded fund approval for this year, could Bitcoin (BTC) actually reach $45,000 by the start of 2024?
Following a false report of Spot Bitcoin ETF approval, the crypto surged across various platforms. Specifically, on Binannce’s BTC and USDT markets, the price had increased from $27.883 to $30,000 in just 30 minutes. Therefore, could that 7% rapid jump catapult the asset when approval comes to fruition?
Spot Bitcoin ETF Approval Could Incite Climb to $45,000
Bitcoin has always remained in a class of its own as far as digital assets are concerned. Indeed, crypto stands alone in terms of its overall mainstream appeal and recognition from those outside of the industry. Yet, it may be headed for a different stratosphere amid overall market changes this year.
Indeed, Bitcoin (BTC) could be on its way to $45,000 by the start of 2024. The bullish prediction is connected to the widely held b$BTC elief that Spot Bitcoin ETF approval is on the horizon. Specifically, experts like Mike Novogratz, Coinbase, and JP Morgan have stated their expectations for approval before the year ends.
#xrp #BTC #EFT #ETH
BTC Hit $45K by the Start of 2024?
Table of Contents
Crypto News
Bitcoin: Could BTC Hit $45K by the Start of 2024?
JP
JP
Bitcoin ETF
ETF
Bitcoin
BTC
Spot
SPOT
View
VIEW
TheBitTimes
By TheBitTimes
22m ago
•
4 mins read
Bitcoin: Could BTC Hit $45K by the Start of 2024?
Table of Contents
Spot Bitcoin ETF Approval Could Incite Climb to $45,000
The prevalence of the industry’s most prominent digital asset has been undeniable throughout the year. Yet, with investors swarming amidst talks of potential exchange-traded fund approval for this year, could Bitcoin (BTC) actually reach $45,000 by the start of 2024?
Following a false report of Spot Bitcoin ETF approval, the crypto surged across various platforms. Specifically, on Binannce’s BTC and USDT markets, the price had increased from $27.883 to $30,000 in just 30 minutes. Therefore, could that 7% rapid jump catapult the asset when approval comes to fruition?
Spot Bitcoin ETF Approval Could Incite Climb to $45,000
Bitcoin has always remained in a class of its own as far as digital assets are concerned. Indeed, crypto stands alone in terms of its overall mainstream appeal and recognition from those outside of the industry. Yet, it may be headed for a different stratosphere amid overall market changes this year.
Indeed, Bitcoin (BTC) could be on its way to $45,000 by the start of 2024. The bullish prediction is connected to the widely held b$BTC elief that Spot Bitcoin ETF approval is on the horizon. Specifically, experts like Mike Novogratz, Coinbase, and JP Morgan have stated their expectations for approval before the year ends.
#xrp #BTC #EFT #ETH
#BTC🔥🔥#EFT QCP: Macros Forces And Not Spot Bitcoin ETF Led to Recent BTC Price Rally, Will It Continue?
The dovish stand from the FOMC followed by a decline in bond yields and a simultaneous rise in risk assets led to Bitcoin price rally.
The crypto community has been celebrating Bitcoin’s phenomenal rally to $35,000 last month, with many cheering up for the spot Bitcoin ETF approval. However, QCP Capital believes that the actual reason behind the Bitcoin price rally was the macro forces.
The dovish stand from the FOMC followed by a decline in bond yields and a simultaneous rise in risk assets led to Bitcoin price rally.
The crypto community has been celebrating Bitcoin’s phenomenal rally to $35,000 last month, with many cheering up for the spot Bitcoin ETF approval. However, QCP Capital believes that the actual reason behind the Bitcoin price rally was the macro forces.
Free signal
BTC long 10X
Entry ~ 42850
Tp1 43150
Tp2 43420
Tp3 43780
Tp4 44050
Stop loss 42540
#BinanceTournament #BTC #wallets. #EFT
BTC long 10X
Entry ~ 42850
Tp1 43150
Tp2 43420
Tp3 43780
Tp4 44050
Stop loss 42540
#BinanceTournament #BTC #wallets. #EFT
Coinbase's Massive $7 Billion Bitcoin Sale Raises Concerns Amid ETF Surge
The exchange's massive OTC transaction sparks market concerns amid ETF trading debut.
Bitcoin's -6.55% one-day drop prompts questions about Coinbase's Bitcoin reserves and potential market impact.
With Coinbase as custodian for 8 of 11 major ETFs, its actions may reverberate throughout the market.
In a surprising turn of events, Coinbase, the leading cryptocurrency exchange, reportedly executed a staggering $7 billion worth of Bitcoin (BTC) sales through over-the-counter (OTC) channels on the first day of Exchange-Traded Fund (ETF) trading. Since Coinbase is one of the 8 custodians out of 11 major ETFs, its move has sparked discussions about the exchange’s Bitcoin reserves.
In a recent tweet, crypto analyst Lark Davis reveals Coinbase's staggering $7B Bitcoin sale on ETF trading's first day. Custodian concerns arise:
On the other side of the spectrum, blockchain data analyst Ki Young Ju sheds light on the significant outflows from Grayscale wallets. It had sent 21.4k $BTC to various addresses, including Coinbase, in the previous 30 days. The sell-off, coinciding with a -6.55% dip in Bitcoin's value to 43k level, has ignited discussions about Coinbase's ability to sustain such high trading volumes. With Bitcoin's market cap also experiencing a -6.44% decline to $845,139,262,305, investors are closely monitoring the potential impact on the cryptocurrency giant's reserves and market dynamics.
#EFT #BTC
The exchange's massive OTC transaction sparks market concerns amid ETF trading debut.
Bitcoin's -6.55% one-day drop prompts questions about Coinbase's Bitcoin reserves and potential market impact.
With Coinbase as custodian for 8 of 11 major ETFs, its actions may reverberate throughout the market.
In a surprising turn of events, Coinbase, the leading cryptocurrency exchange, reportedly executed a staggering $7 billion worth of Bitcoin (BTC) sales through over-the-counter (OTC) channels on the first day of Exchange-Traded Fund (ETF) trading. Since Coinbase is one of the 8 custodians out of 11 major ETFs, its move has sparked discussions about the exchange’s Bitcoin reserves.
In a recent tweet, crypto analyst Lark Davis reveals Coinbase's staggering $7B Bitcoin sale on ETF trading's first day. Custodian concerns arise:
On the other side of the spectrum, blockchain data analyst Ki Young Ju sheds light on the significant outflows from Grayscale wallets. It had sent 21.4k $BTC to various addresses, including Coinbase, in the previous 30 days. The sell-off, coinciding with a -6.55% dip in Bitcoin's value to 43k level, has ignited discussions about Coinbase's ability to sustain such high trading volumes. With Bitcoin's market cap also experiencing a -6.44% decline to $845,139,262,305, investors are closely monitoring the potential impact on the cryptocurrency giant's reserves and market dynamics.
#EFT #BTC
Bitcoin Boom! New ETFs Gobble Up Crypto as Wall Street Gets Hungry
Hold onto your hats, folks, because the Bitcoin bonanza just got a whole lot bigger! In just six days, brand new Bitcoin ETFs have gobbled up a whopping 95,000 Bitcoins, worth almost $4 billion! That's like Wall Street suddenly developing a taste for digital gold and stuffing their pockets with it.
What's the Deal?
These aren't your average Joe's buying Bitcoins anymore. These are big-time financial institutions like BlackRock and Fidelity, setting up special funds that let even regular investors own Bitcoin without the hassle of directly buying or storing it themselves. Think of it like buying gold through a fancy stockbroker instead of digging for nuggets in your backyard.
Impact Alert:
This Bitcoin buying spree isn't just good news for the price – it's a sign that Wall Street is taking crypto seriously. With major players putting their weight behind Bitcoin, expect more stability, legitimacy, and maybe even easier ways to invest in the future.
But Hold Your Horses:
Remember, crypto is still the wild west of finance. Prices can swing like a saloon door in a tornado, so invest responsibly and only with what you can afford to lose. Diversify your portfolio, do your research, and don't let the gold rush cloud your judgment.
The Takeaway:
The Bitcoin saga just took a thrilling turn. With Wall Street joining the party, the future looks bright for the digital currency. Just keep your cool head, invest wisely, and enjoy the ride!#BTC #EFT
$BTC
Hold onto your hats, folks, because the Bitcoin bonanza just got a whole lot bigger! In just six days, brand new Bitcoin ETFs have gobbled up a whopping 95,000 Bitcoins, worth almost $4 billion! That's like Wall Street suddenly developing a taste for digital gold and stuffing their pockets with it.
What's the Deal?
These aren't your average Joe's buying Bitcoins anymore. These are big-time financial institutions like BlackRock and Fidelity, setting up special funds that let even regular investors own Bitcoin without the hassle of directly buying or storing it themselves. Think of it like buying gold through a fancy stockbroker instead of digging for nuggets in your backyard.
Impact Alert:
This Bitcoin buying spree isn't just good news for the price – it's a sign that Wall Street is taking crypto seriously. With major players putting their weight behind Bitcoin, expect more stability, legitimacy, and maybe even easier ways to invest in the future.
But Hold Your Horses:
Remember, crypto is still the wild west of finance. Prices can swing like a saloon door in a tornado, so invest responsibly and only with what you can afford to lose. Diversify your portfolio, do your research, and don't let the gold rush cloud your judgment.
The Takeaway:
The Bitcoin saga just took a thrilling turn. With Wall Street joining the party, the future looks bright for the digital currency. Just keep your cool head, invest wisely, and enjoy the ride!#BTC #EFT
$BTC
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information
#EFT
Exciting times in the crypto space! With just 14 days remaining until the potential approval of a Bitcoin #ETF on January 10, 2024, anticipation is building for a possible significant surge in BTC. Many see this as a potential game-changer in the digital finance landscape. What's your take on the ETF's impact? Share your insights below and join the conversation. Don't forget to engage with our content – like and share for more insightful updates! 🚀
#BitcoinETF #cryptoFuture #swap_crypto
information
#EFT
Exciting times in the crypto space! With just 14 days remaining until the potential approval of a Bitcoin #ETF on January 10, 2024, anticipation is building for a possible significant surge in BTC. Many see this as a potential game-changer in the digital finance landscape. What's your take on the ETF's impact? Share your insights below and join the conversation. Don't forget to engage with our content – like and share for more insightful updates! 🚀
#BitcoinETF #cryptoFuture #swap_crypto
JUST IN: 🟠 Bitcoin ETFs could attract up to $24 BILLION after approval, including 20% of demand from precious metal ETFs switching to Bitcoin - Matrixport #EFT #ACE #CryptoMoj $BTC
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BitEagle News
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Billionaires in world = 3,194
Millionaires in world = 59,400,000
Total supply of Bitcoin = 21,000,000
Total Bitcoin Lost = 6,000,000 ( Almost 30% )
So actual supply is only - 15,000,000
Now you can do the math.
Whatever you do, Try to accumulate
atleast one Full Bitcoin.
#Bitcoin #Write2Earn #etf
Millionaires in world = 59,400,000
Total supply of Bitcoin = 21,000,000
Total Bitcoin Lost = 6,000,000 ( Almost 30% )
So actual supply is only - 15,000,000
Now you can do the math.
Whatever you do, Try to accumulate
atleast one Full Bitcoin.
#Bitcoin #Write2Earn #etf
The final decision (The final deadline) about accepting or not accepting Ethereum ETF will be made in 112 days.
#EFT
#BTC
#Write2Earn
#TrendingTopic
#EFTs
#EFT
#BTC
#Write2Earn
#TrendingTopic
#EFTs
🔰Follow me for more crypto signals🔰
#BTC #EFT
Considering a bullish outlook on BTC ETF with Pendle/USDT at 20X leverage:
⬆️ - Long Entry: Between $1.4380 and $1.4400
🎯 - Targets: $1.4700, $1.4800, $1.4900
⛔ - Stop Loss: $1.3750
#swap_crypto #etf #FollowForUpdates
#BTC #EFT
Considering a bullish outlook on BTC ETF with Pendle/USDT at 20X leverage:
⬆️ - Long Entry: Between $1.4380 and $1.4400
🎯 - Targets: $1.4700, $1.4800, $1.4900
⛔ - Stop Loss: $1.3750
#swap_crypto #etf #FollowForUpdates
Valkyrie Investments, a specialized alternative asset management firm that is associated with the crypto market, joined BlackRock in refiling the application for a Bitcoin based exchange traded fund (ETF).#EFT #bitcoin #crypto2023
NEW: 🟠 SEC discussions with #Bitcoin ETF applicants have advanced to key details - Reuters
It's happening... 🚀 #BTCto40k #EFT #CryptoMoj
It's happening... 🚀 #BTCto40k #EFT #CryptoMoj
do you know 🇺🇸 BlackRock has made a Bitcoin ETF approval a "key corporate priority" - Fox News #EFT #BlackRock’s $BTC #BTC
