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The analyst also couldn't believe BlackRock's Bitcoin ETF statement: "Mindfulness..." Bloomberg's ETF analyst Eric Balchunas evaluated the fact that BlackRock has more than 400 Bitcoin spot ETF customers. Balchunas said, "This is mind-blowing..." and added that even 20 customers are important in such new beginnings, and that such a number can be considered one of the rare cases in the sector. After the Bitcoin spot ETFs were officially approved by the SEC on January 10, BlackRock company's IBIT product received billions of dollars of demand, and the total amount exceeded 16 billion dollars. Eric Balchunas, Bloomberg's ETF analyst, claimed that this situation was very rare. BlackRock, which officially reported its first quarter figures to the SEC, was seen to have 414 Bitcoin spot ETF customers. Regarding this situation, Balchunas said, “This is truly an event that will cause confusion. They broke the record very easily. For this kind of new products, even 20 customers is very good. "This is a truly rare situation..." he said. As it is known, companies submit 13F reports to the SEC on a quarterly basis. In this report, the figures for those 3 months are officially announced to the public. This is how details about the companies that bought from BlackRock's spot Bitcoin ETF and how much they bought were revealed. Many banks, from JPMorgan to BNP Paribas, from UBS to Morgan Stanley, also BlackRock's IBIT fund has received the most investments among Bitcoin spot ETFs so far. Of the 16.6 billion dollar investment, 844 million dollars belonged to Millennium Management company. The company ranks first in this sense. Following him is Schonfeld Strategic Advisors, with $248 million. $BTC $ETH $BNB

The analyst also couldn't believe BlackRock's Bitcoin ETF statement: "Mindfulness..."

Bloomberg's ETF analyst Eric Balchunas evaluated the fact that BlackRock has more than 400 Bitcoin spot ETF customers. Balchunas said, "This is mind-blowing..." and added that even 20 customers are important in such new beginnings, and that such a number can be considered one of the rare cases in the sector.

After the Bitcoin spot ETFs were officially approved by the SEC on January 10, BlackRock company's IBIT product received billions of dollars of demand, and the total amount exceeded 16 billion dollars. Eric Balchunas, Bloomberg's ETF analyst, claimed that this situation was very rare.

BlackRock, which officially reported its first quarter figures to the SEC, was seen to have 414 Bitcoin spot ETF customers. Regarding this situation, Balchunas said, “This is truly an event that will cause confusion. They broke the record very easily. For this kind of new products, even 20 customers is very good. "This is a truly rare situation..." he said.

As it is known, companies submit 13F reports to the SEC on a quarterly basis. In this report, the figures for those 3 months are officially announced to the public. This is how details about the companies that bought from BlackRock's spot Bitcoin ETF and how much they bought were revealed. Many banks, from JPMorgan to BNP Paribas, from UBS to Morgan Stanley, also

BlackRock's IBIT fund has received the most investments among Bitcoin spot ETFs so far. Of the 16.6 billion dollar investment, 844 million dollars belonged to Millennium Management company. The company ranks first in this sense. Following him is Schonfeld Strategic Advisors, with $248 million.

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Bitcoin Options Expiry and US Labor Data: BTC Price on the Verge of $83,000 Rally In the crypto market, the approaching maturity of $2.2 billion worth of #Bitcoin and #Ethereum options is creating excitement. This could lead to a significant sell-off or an optimistic market outlook. 17,493 BTC options, worth approximately $1.24 billion, are about to expire and investors are observing the $70,000 level as a critical level for price movements. The put-call ratio of 0.69 indicates that there is significant room for liquidation, especially under current selling pressures. Similarly, Ethereum options worth almost $1 billion (260,000 ETH) are about to expire, with a put-call ratio of 0.65. The max pain point for #Ethereum is set at $3,650, slightly below the current trading price of $3,813. Market participants should closely monitor trading volumes in determining Ethereum's short-term price direction. Today's release of US nonfarm payrolls and unemployment rate data adds additional complexity to market forecasts. The Bureau of Labor Statistics is expected to report 185,000 new job additions for May 2024, slightly up from 175,000 in April. The unemployment rate is expected to remain steady at 3.9% and wages are expected to increase by 0.3% monthly. An unexpected increase in unemployment could lead to positive market movements as investors reassess their expectations. Analysts suggest that deviations from expected economic figures could significantly impact market sentiment. High unemployment rates combined with strong job additions could lead to renewed investor confidence, which could lead to further rallies in both Bitcoin and Ethereum prices. $BTC $ETH
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Whales' Bitcoin Accumulation Mirrors Pre-2020 Bull Run Levels Among Record ETF Holdings Large-scale investors, commonly known as “whales,” are accumulating Bitcoin at a pace reminiscent of the pre-2020 bull run, according to the latest data from CryptoQuant. According to the firm's analysis, there are $1 billion inflows into Bitcoin daily, reflecting a significant increase in the existing holdings of these influential market participants. This pattern is significantly similar to the buying activity observed in mid-2020, before Bitcoin experienced significant price increases. Another factor that further strengthens Bitcoin's upward outlook is the increase in gains of spot Exchange Traded Funds (ETFs) in the USA. These ETFs, which track the Bitcoin price and are traded on traditional stock exchanges, have record holdings, according to CryptoQuant data. This trend marks a major increase in institutional investment and a major turning point in Bitcoin's acceptance in traditional financial markets. Besides Bitcoin, Ethereum is also showing strong market signals. CryptoQuant reports a significant increase in Ethereum demand since May 20, likely supported by the approval of spot #Ethereum ETFs in the US. The daily acquisition rate for long-term holders, or “permanent holders,” has now increased to 40,000 #ETH With the increase in demand, major investors are currently holding a record 16 million ETH, reflecting their confidence in Ethereum's future potential. This accumulation highlights optimistic sentiment among key market players, signaling Ethereum's perceived long-term value and its growing role in the cryptocurrency ecosystem. $BTC $ETH
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