Ark Invest CEO Cathie Wood said that Bitcoin is actually replacing gold as a value storage asset. BTC is acting more as a safe-haven asset and an asset for investors to pursue high-quality assets in times of economic uncertainty. This situation will Keep going, because there is an easier, less frictional way to buy Bitcoin with ETFs.

#BTC #BitcoinETE #sanor016CommUNITY #sanor016 #BinanceSqaure

15th Day Bitcoin ETF Daily Assets Update:

Blackrock & Fidelity bought 1,30,060 Bitcoins in 15 days.

$GBTC has sold 136,570 #bitcoins (~$6 billion) (probably due to their high fees)

9 new ETFs have bought ~$175,400 worth of Bitcoin (~7.5 billion).

#BitcoinETE #TradeNTell #TrendingTopic #sanor016CommUNITY #BTC $BTC

Bitcoin Market Analysis
Feb 13, 2024

#BitcoinETE inflows breaks $500m in one day.

-Biden's tweet boosts crypto: BTC breaks $50K, affirming success of BTC spot ETFs. Fed officials reiterate no rate hike soon, maintaining market's uptrend. Ethereum spot ETF submissions rise, hinting at next hot trend, with market poised for further gains.

Chart Trend -📈📈

BTC's correction is weak, replaced by sideways movement. Now entering the third 1H uptrend, but the momentum is weaker compared to the first. With key resistance at $50K, it's a critical observation point. If it holds, chances for further upside to $53K or $58K are possible.

Trading Tips-💡

During trading, it's important to practice self-discipline and proper risk management. Stay relaxed while operating, and exit if the position is unfavorable. Hold onto profitable positions and focus on minimizing losses rather than maximizing gains. Reduce or stop trading when performance is poor, and increase trading when conditions are favorable. Never enter trades impulsively under uncontrollable circumstances.

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Bitcoin surpassed $50,000 and successfully retested the level.

This achievement suggests new all-time highs are imminent✌🏻

The future of Bitcoin appears bright💪🏻

#Bitcoin‬ #BitcoinETE
#BitcoinHalving #Write2Earn‬

🇺🇸 BlackRock's spot #BitcoinETE    hit $3 billion in assets, and is now in the top 10% of all ETFs by assets.

This took just 3 weeks 🔥
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Bitcoin Rebounds and Altcoins Rally as Market Conditions Improve.

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My general theory is that #Bitcoin    is consolidating in the coming months.

Pre-Halving a final run towards resistance at $48-50K, after that another correction to $36-38K and from there #Altcoins to continue outperforming Bitcoin.
#Write2Earn #BitcoinETE $BTC

#SpotBitcoinETF #BitcoinETE #ETFs. #poligon Spot Bitcoin ETFs Control 3.3% of Total Supply
A recent analysis revealed that the 11 entities that have been approved to offer spot Bitcoin ETFs now control about 3.3% of all Bitcoin currently available.
Polygon Labs Cuts 19% of Workforce for Performance Boost
Polygon Labs announced the elimination of 60 positions, which constitutes about 19% of its workforce, according to a blog post published on Thursday.

China is Shaking While Bitcoin Continues to Gain Institutional Ground
#Write2Earn  $BTC

China's economic challenges intensified at the beginning of this week, with the CSI 1000 index experiencing a decline of over 15% in the past five days.
As highlighted in one of my recent letters, China's economy has been grappling with headwinds, which appear to have been exacerbated further last week when a Hong Kong court judge ordered the liquidation of the indebted real estate giant, Evergrande.
Despite the Chinese authorities implementing various fiscal measures to stimulate it seems at current terms that there’s still broader indicators of pain in the Chinese economy. 
What I’m paying attention to in regards to this is how the authorities will respond.
In the most recent intervention following Monday’s downturn, authorities have taken steps to implement more extensive trading restrictions:
* Nearly 30% of all stocks in China have been halted 
* Limiting investors' ability to short Hong Kong stocks
* Some investors limited from selling their positions
* Some quant funds are completely banned from placing sell orders
* Other quants funds banned from cutting leveraged positions
It remains uncertain whether these new measures will avert the ‘looming’ crisis, or if China’s PBoC will be forced to adopt looser economic policies. 

Bitcoin Enters Accumulation Phase Post ETF 
BTC’s price has been range bound over the past week, trading between $42K and $43.5K as the excitement around the spot ETF approvals continued to cool down. 
However, it's noteworthy that net daily inflows have remained positive for the last seven consecutive trading days, with BlackRock and Fidelity taking the lead.
#BitcoinETE #BinanceSqaure #Everyone

Bitcoin Continues to Attract Buyers Below $43,000.

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