Bulls&Bears
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Bloomberg analysts say the Bitcoin ETFs have had a successful launch.
BlackRock says it’s been a success by every measure.
More funds coming in than gbtc has lost (+1b).
It’s likely that ZERO gbtc outflows have been reinvested into bitcoin ETFs bc of the wash trade rule.
That means +$4b of new money is in Bitcoin in 7 days.
After 30 days some of that gbtc outflow may come back into btc ETFs.
Bullish!
#Write2Earn #TrendingTopic #Bulls&Bears
BlackRock says it’s been a success by every measure.
More funds coming in than gbtc has lost (+1b).
It’s likely that ZERO gbtc outflows have been reinvested into bitcoin ETFs bc of the wash trade rule.
That means +$4b of new money is in Bitcoin in 7 days.
After 30 days some of that gbtc outflow may come back into btc ETFs.
Bullish!
#Write2Earn #TrendingTopic #Bulls&Bears
#Bulls&Bears Market( Bullish &Bearish)
In A bull Market the economy is Booming and the prices are rising, Traders are optimistic about Future . Its a long term uptrend.
#Bearish_momentum
Its the exact opposite in a weaker economy where prices fall by at least 20% and future becomes uncertain, pessimism takes over and traders become #bearish
In A bull Market the economy is Booming and the prices are rising, Traders are optimistic about Future . Its a long term uptrend.
#Bearish_momentum
Its the exact opposite in a weaker economy where prices fall by at least 20% and future becomes uncertain, pessimism takes over and traders become #bearish
