BinanceProfitPotential
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Do we need to be wary of $BTC movements in the next few days?
Yes, we'll see, anything can change in an instant.
#BTC #bitcoinhalving #buythedip #BinanceProfitPotential #BinanceProfitPotential
Yes, we'll see, anything can change in an instant.
#BTC #bitcoinhalving #buythedip #BinanceProfitPotential #BinanceProfitPotential
LIVE
Mbeyaconscious
--
🚨 HOLD ON IF YOU WANT TO BE A MILLIONAIRE — DON'T SCROLL PAST THIS 🚨
🌐🚀 Dreaming of crypto millions? Here's your game plan! 🚀🌐
In the unpredictable seas of the cryptocurrency market, the key to capturing that millionaire horizon isn't just about timing—it's about tenacity. Here's why panicking during market dips could be your biggest setback:
📉 Market Tests:
- Whale Games: Big players, known as whales, often sway the market to test the waters and shake out the less confident. Don’t let them shake you!
- Impending Bull Run: Prep for a monumental bull run in the next 12-14 months, where Bitcoin could smash through the $150k ceiling. 🎯💥
🚀 Strategy for Success:
- Hold Steady: Keep your spot positions secure. The waves might get rough, but the treasure lies beyond the storm.
- Buy the Dips: View 30% market dips as golden opportunities to accumulate more at a discount.
- Perfect Timing: Keep a keen eye on the market and plan to sell when you see the blow off top approaching. That’s your cue to cash out and potentially retire your parents! 🎉👨👩👧
💡 Millionaire Mindset:
- Long-Term Vision: Those who hold through downturns often see the most significant returns.
- Believe in Your Strategy: Confidence in your approach and resilience in the face of volatility is what separates the successful from the spectators.
🤝 Believe in yourself, stick to your plan, and remember, anyone in crypto can reach for those millionaire stars.
#CryptoMillionaire #HODLStrategy #CryptoInvesting #MbeyaconsciousComunity
👍 Like | 💬 Comment | ↪️ Share
*Are you ready to ride the crypto wave to wealth? Share your strategy or ask for tips below!* 🌊💸
🌐🚀 Dreaming of crypto millions? Here's your game plan! 🚀🌐
In the unpredictable seas of the cryptocurrency market, the key to capturing that millionaire horizon isn't just about timing—it's about tenacity. Here's why panicking during market dips could be your biggest setback:
📉 Market Tests:
- Whale Games: Big players, known as whales, often sway the market to test the waters and shake out the less confident. Don’t let them shake you!
- Impending Bull Run: Prep for a monumental bull run in the next 12-14 months, where Bitcoin could smash through the $150k ceiling. 🎯💥
🚀 Strategy for Success:
- Hold Steady: Keep your spot positions secure. The waves might get rough, but the treasure lies beyond the storm.
- Buy the Dips: View 30% market dips as golden opportunities to accumulate more at a discount.
- Perfect Timing: Keep a keen eye on the market and plan to sell when you see the blow off top approaching. That’s your cue to cash out and potentially retire your parents! 🎉👨👩👧
💡 Millionaire Mindset:
- Long-Term Vision: Those who hold through downturns often see the most significant returns.
- Believe in Your Strategy: Confidence in your approach and resilience in the face of volatility is what separates the successful from the spectators.
🤝 Believe in yourself, stick to your plan, and remember, anyone in crypto can reach for those millionaire stars.
#CryptoMillionaire #HODLStrategy #CryptoInvesting #MbeyaconsciousComunity
👍 Like | 💬 Comment | ↪️ Share
*Are you ready to ride the crypto wave to wealth? Share your strategy or ask for tips below!* 🌊💸
MUST READ THIS (ADVICE FOR EVERYONE)
Best advice i can give to everyone is to not trust the predictions that appears in binance posts, they are just fooling you, so you can buy and give them opportunity to sell.
Most of them does not even have any idea about analysing crypto's they just copy and paste and give you lies.
Invest on what you believe 🙃❤️
Please Follow For More
#BinanceProfitPotential #altcoins #BlackRock
Best advice i can give to everyone is to not trust the predictions that appears in binance posts, they are just fooling you, so you can buy and give them opportunity to sell.
Most of them does not even have any idea about analysing crypto's they just copy and paste and give you lies.
Invest on what you believe 🙃❤️
Please Follow For More
#BinanceProfitPotential #altcoins #BlackRock
hello pioneers here ?
are you ready for new top minings?
if yes , reply .
#eth
#BinanceProfitPotential
$BTC
are you ready for new top minings?
if yes , reply .
#eth
#BinanceProfitPotential
$BTC
Binance Coin (BNB): Exploring the Backbone of the Binance Ecosystem
Binance Coin (BNB) $BNB stands as a cornerstone within the vast ecosystem of Binance, one of the world's leading cryptocurrency exchanges. Originally launched as an ERC-20 token the Ethereum blockchain, BNB has since transitioned into its own native blockchain, Binance Chain, fueling various functionalities and services within the Binance ecosystem.
Utility and Use Cases: BNB serves multiple purposes within the Binance ecosystem. Firstly, it acts as a utility token, offering discounts on trading fees to users who opt to pay with BNB on the Binance exchange platform. Additionally, BNB is used to participate in token sales on the Binance Launchpad, enabling users to invest in promising blockchain projects.Binance Smart Chain: Moreover, BNB plays a pivotal role in Binance Smart Chain (BSC), a parallel blockchain to Binance Chain that facilitates smart contract functionality. BSC aims to provide a high-performance and low-cost alternative to other smart contract platforms, leveraging BNB for various network operations such as transaction fees and governance.Token Burn Mechanism: One distinctive feature of BNB is its periodic token burn mechanism. Binance commits to regularly burning a portion of BNB tokens from circulation, effectively reducing the total supply over time. This strategy is intended to increase scarcity and potentially drive value appreciation for BNB holders.Diverse Ecosystem Integration: Beyond its core functions, BNB has seen widespread adoption across various applications and platforms. From payment solutions and decentralized finance (DeFi) protocols to gaming and non-fungible token (NFT) marketplaces, BNB continues to find new use cases and integrations within the broader cryptocurrency ecosystem.Community Engagement and Development: The Binance community plays a crucial role in the ongoing development and evolution of BNB. Through initiatives like the Binance Community Coin Votes and feedback mechanisms, users actively contribute to shaping the future of BNB and the Binance ecosystem as a whole.Conclusion: In summary, Binance Coin (BNB) serves as a multifaceted asset with diverse utility and applications within the Binance ecosystem and beyond. With ongoing innovations and community support, BNB remains a key player in the cryptocurrency landscape, driving efficiency, accessibility, and innovation in decentralized finance and blockchain technology.
Follow for more 🙂
#BinanceProfitPotential #article #BNB
Utility and Use Cases: BNB serves multiple purposes within the Binance ecosystem. Firstly, it acts as a utility token, offering discounts on trading fees to users who opt to pay with BNB on the Binance exchange platform. Additionally, BNB is used to participate in token sales on the Binance Launchpad, enabling users to invest in promising blockchain projects.Binance Smart Chain: Moreover, BNB plays a pivotal role in Binance Smart Chain (BSC), a parallel blockchain to Binance Chain that facilitates smart contract functionality. BSC aims to provide a high-performance and low-cost alternative to other smart contract platforms, leveraging BNB for various network operations such as transaction fees and governance.Token Burn Mechanism: One distinctive feature of BNB is its periodic token burn mechanism. Binance commits to regularly burning a portion of BNB tokens from circulation, effectively reducing the total supply over time. This strategy is intended to increase scarcity and potentially drive value appreciation for BNB holders.Diverse Ecosystem Integration: Beyond its core functions, BNB has seen widespread adoption across various applications and platforms. From payment solutions and decentralized finance (DeFi) protocols to gaming and non-fungible token (NFT) marketplaces, BNB continues to find new use cases and integrations within the broader cryptocurrency ecosystem.Community Engagement and Development: The Binance community plays a crucial role in the ongoing development and evolution of BNB. Through initiatives like the Binance Community Coin Votes and feedback mechanisms, users actively contribute to shaping the future of BNB and the Binance ecosystem as a whole.Conclusion: In summary, Binance Coin (BNB) serves as a multifaceted asset with diverse utility and applications within the Binance ecosystem and beyond. With ongoing innovations and community support, BNB remains a key player in the cryptocurrency landscape, driving efficiency, accessibility, and innovation in decentralized finance and blockchain technology.
Follow for more 🙂
#BinanceProfitPotential #article #BNB
#writetoearn make money with #binance hopefully Market will go down so be careful #BinanceProfitPotential #stay_tuned focus on your goal
🚨 BREAKING 🚨
🇰🇷 SOUTH KOREA’S WINNING
PARTY TO ALLOW SPOT BITCOIN
ETFS IN THE COUNTRY SOON.
GLOBAL FOMO IS HERE 🔥
#BTC🔥🔥🔥🔥🔥 #BinanceProfitPotential #CryptoWatchMay2024 #BTC #BullishMay
🇰🇷 SOUTH KOREA’S WINNING
PARTY TO ALLOW SPOT BITCOIN
ETFS IN THE COUNTRY SOON.
GLOBAL FOMO IS HERE 🔥
#BTC🔥🔥🔥🔥🔥 #BinanceProfitPotential #CryptoWatchMay2024 #BTC #BullishMay
I have accurately predicted $BNB since $230 now at $587 🤯 and from my prediction the next target is $1000. 💛
#BNB #BinanceProfitPotential #buythedip #altcoins #Memecoins
#BNB #BinanceProfitPotential #buythedip #altcoins #Memecoins
LIVEProfessor Mende - Bonuz Ecosystem Founder
--
🛑I LOST A LOT OF MONEY IN CRYPTO...💰
...but after a lot of struggle and learning, I managed to flip the coin and drive amazing profits. Here are 8 golden rules that helped me make bank with crypto:
📉💼 1. DIVIDE & CONQUER: Split your funds into 5 parts and invest only one-fifth each time! Keep a tight leash with a 10-point stop loss. Mistakes are inevitable, but with this strategy, you'll only risk 2% of your total funds per trade. Set a stop profit of more than 10 points to avoid getting trapped.
📈💰 2. FOLLOW THE TREND: Improve your winning rate by following the trend! Buying on rebounds in a downward trend may seem tempting, but it's often better to wait for declines in an upward trend.
🚀📉 3. AVOID SHORT-TERM HYPE: Steer clear of coins that have skyrocketed in the short term. Whether mainstream or copycat, few coins sustain multiple waves of rising trends. Don't gamble on these volatile movements.
📊🔄 4. MACD INDICATORS: Use MACD to time your entry and exit points. A golden cross below the 0 axis signals a steady entry, while a dead cross above the 0 axis suggests reducing positions.
📈💔 5. AVOID AVERAGING DOWN: "Covering positions" can lead to heavy losses. Resist the urge to double down when you're losing; instead, increase positions when profitable. Don't dig yourself into a deeper hole.
💹📈 6. WATCH THE VOLUME: Volume and price indicators are crucial. Pay attention to large-volume breakthroughs at low consolidation levels and exit decisively when high levels show stagnation.
📈⬆ 7. RIDE THE UPTREND: Stick to currencies with upward trends to maximize your chances of winning. Watch for key indicators like the 3-day, 30-day, 84-day, and 120-day moving averages to gauge the direction of the market.
🔄📝 8. WEEKLY REVIEW: Consistently review your holdings and adjust your strategy accordingly. Check for any changes in logic, technical trends, and market direction.
👉 Follow @Professor Mende - Bonuz Ecosystem Founder 🇦🇪
#btc #BullorBear #bitcoin #memecoins
$btc $eth $pepe
...but after a lot of struggle and learning, I managed to flip the coin and drive amazing profits. Here are 8 golden rules that helped me make bank with crypto:
📉💼 1. DIVIDE & CONQUER: Split your funds into 5 parts and invest only one-fifth each time! Keep a tight leash with a 10-point stop loss. Mistakes are inevitable, but with this strategy, you'll only risk 2% of your total funds per trade. Set a stop profit of more than 10 points to avoid getting trapped.
📈💰 2. FOLLOW THE TREND: Improve your winning rate by following the trend! Buying on rebounds in a downward trend may seem tempting, but it's often better to wait for declines in an upward trend.
🚀📉 3. AVOID SHORT-TERM HYPE: Steer clear of coins that have skyrocketed in the short term. Whether mainstream or copycat, few coins sustain multiple waves of rising trends. Don't gamble on these volatile movements.
📊🔄 4. MACD INDICATORS: Use MACD to time your entry and exit points. A golden cross below the 0 axis signals a steady entry, while a dead cross above the 0 axis suggests reducing positions.
📈💔 5. AVOID AVERAGING DOWN: "Covering positions" can lead to heavy losses. Resist the urge to double down when you're losing; instead, increase positions when profitable. Don't dig yourself into a deeper hole.
💹📈 6. WATCH THE VOLUME: Volume and price indicators are crucial. Pay attention to large-volume breakthroughs at low consolidation levels and exit decisively when high levels show stagnation.
📈⬆ 7. RIDE THE UPTREND: Stick to currencies with upward trends to maximize your chances of winning. Watch for key indicators like the 3-day, 30-day, 84-day, and 120-day moving averages to gauge the direction of the market.
🔄📝 8. WEEKLY REVIEW: Consistently review your holdings and adjust your strategy accordingly. Check for any changes in logic, technical trends, and market direction.
👉 Follow @Professor Mende - Bonuz Ecosystem Founder 🇦🇪
#btc #BullorBear #bitcoin #memecoins
$btc $eth $pepe
$BTC is the largest market houlder with 3.65 billion dollars .
Now, it's price is among 58 thousands dollars .
But, In the first time in March. It's price around 71 thousands dollars .
Some days later it's price increase a lot and give a good profit .
So, its the right time to buy and stock it's .
#BTC #BullorBear #DOME #BinanceProfitPotential
Now, it's price is among 58 thousands dollars .
But, In the first time in March. It's price around 71 thousands dollars .
Some days later it's price increase a lot and give a good profit .
So, its the right time to buy and stock it's .
#BTC #BullorBear #DOME #BinanceProfitPotential
#MoneyMakingMethod #BinanceProfitPotential #profit #MoneyMakingMagic
📈 Unlock Your Earning Potential with Binance 📈
Attention, Binance users! Are you ready to supercharge your earning potential on the platform? Here are some effective strategies to help you make money with Binance:
Leverage Trading: Take advantage of margin trading on Binance to amplify your trading positions and potentially increase your profits. However, exercise caution and manage your risk carefully to avoid liquidation.
Participate in Binance Launchpad: Keep an eye on upcoming token sales and participate in Binance Launchpad projects to potentially secure allocations at early stages. Successful projects can yield significant returns on investment.
Explore Binance Earn: Discover various earning opportunities through Binance Earn, including flexible savings, locked savings, and high-yield products like Binance Liquid Swap. Earn passive income on your idle assets while mitigating risks.
Engage in Futures Trading: Dive into the world of futures trading on Binance Futures to speculate on the price movements of cryptocurrencies. With leverage and hedging capabilities, futures trading offers opportunities for profit in both bull and bear markets.
Embrace DeFi Opportunities: Explore decentralized finance (DeFi) protocols available on Binance Smart Chain (BSC) to participate in yield farming, liquidity provision, and other innovative DeFi strategies. Keep abreast of new opportunities and exercise caution in selecting projects.
By diversifying your earning strategies and staying informed about market trends and opportunities, you can unlock your full earning potential on Binance. Start implementing these strategies today and pave the way for financial success!
📈 Unlock Your Earning Potential with Binance 📈
Attention, Binance users! Are you ready to supercharge your earning potential on the platform? Here are some effective strategies to help you make money with Binance:
Leverage Trading: Take advantage of margin trading on Binance to amplify your trading positions and potentially increase your profits. However, exercise caution and manage your risk carefully to avoid liquidation.
Participate in Binance Launchpad: Keep an eye on upcoming token sales and participate in Binance Launchpad projects to potentially secure allocations at early stages. Successful projects can yield significant returns on investment.
Explore Binance Earn: Discover various earning opportunities through Binance Earn, including flexible savings, locked savings, and high-yield products like Binance Liquid Swap. Earn passive income on your idle assets while mitigating risks.
Engage in Futures Trading: Dive into the world of futures trading on Binance Futures to speculate on the price movements of cryptocurrencies. With leverage and hedging capabilities, futures trading offers opportunities for profit in both bull and bear markets.
Embrace DeFi Opportunities: Explore decentralized finance (DeFi) protocols available on Binance Smart Chain (BSC) to participate in yield farming, liquidity provision, and other innovative DeFi strategies. Keep abreast of new opportunities and exercise caution in selecting projects.
By diversifying your earning strategies and staying informed about market trends and opportunities, you can unlock your full earning potential on Binance. Start implementing these strategies today and pave the way for financial success!
#BinanceProfitPotential
Hi 👋 all the binance family it's a good time to buy PEPE tokens .
it's a little investment but big profit.
#HKETF #PEPE❤️ #BinanceLaunchpool #BitcoinETFs $BTC
Hi 👋 all the binance family it's a good time to buy PEPE tokens .
it's a little investment but big profit.
#HKETF #PEPE❤️ #BinanceLaunchpool #BitcoinETFs $BTC
Bitcoin(BTC) Surpasses 64,000 USDT with a 0.37% Increase in 24 Hours
On May 05, 2024, 13:20 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 64,000 USDT benchmark and is now trading at 64,104.011719 USDT, with a 0.37% increase in 24 hours.
#BinanceProfitPotential #binance
On May 05, 2024, 13:20 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 64,000 USDT benchmark and is now trading at 64,104.011719 USDT, with a 0.37% increase in 24 hours.
#BinanceProfitPotential #binance
If you want to learn scalping with minimum losses and huge profit comment down. From next day gointo teach scalping.
#BinanceProfitPotential
#bitcoinhalving
#BinanceProfitPotential
#bitcoinhalving
𝗕𝗶𝗻𝗮𝗻𝗰𝗲 𝗝𝘂𝘀𝘁 𝗗𝗿𝗼𝗽𝗽𝗲𝗱 𝗮 𝗠𝗲𝗴𝗮 𝗕𝗼𝗺𝗯: 𝗬𝗼𝘂𝗿 𝗖𝗵𝗮𝗻𝗰𝗲 𝘁𝗼 𝗘𝗮𝗿𝗻 𝗕𝗶𝗴 𝘄𝗶𝘁𝗵 𝗕𝗼𝘂𝗻𝗰𝗲𝗕𝗶𝘁!
Forget boring airdrops! Binance just unleashed a game-changer called Megadrop. This revolutionary platform gives you early access to hot new crypto projects like BounceBit before they hit the big leagues.
What is Binance Megadrop?
Imagine a platform that seamlessly blends early access to hot Web3 projects with interactive learning and the potential for massive rewards. That's precisely what Binance Megadrop delivers. It's a first-of-its-kind launchpad that grants users exclusive access to select Web3 projects before they even hit the Binance exchange. 🔥
#Binance #Megadrop #BounceBit #BinanceProfitPotential #bitcoinhalving
Forget boring airdrops! Binance just unleashed a game-changer called Megadrop. This revolutionary platform gives you early access to hot new crypto projects like BounceBit before they hit the big leagues.
What is Binance Megadrop?
Imagine a platform that seamlessly blends early access to hot Web3 projects with interactive learning and the potential for massive rewards. That's precisely what Binance Megadrop delivers. It's a first-of-its-kind launchpad that grants users exclusive access to select Web3 projects before they even hit the Binance exchange. 🔥
#Binance #Megadrop #BounceBit #BinanceProfitPotential #bitcoinhalving
The market is about to take a new dimension 🚀
but, they are trying so hard to liquidate as many people as they can. So, #HoldAndWait
$BTC $ENA $WIF #ETHFI🔥🔥🔥
#BinanceProfitPotential #binanceWrite2Earn
but, they are trying so hard to liquidate as many people as they can. So, #HoldAndWait
$BTC $ENA $WIF #ETHFI🔥🔥🔥
#BinanceProfitPotential #binanceWrite2Earn
LIVEAngieZillion
--
Em Alta
You See Dump⚓ I See Pump🚀
A lot of people are waiting for the greatest dump⚓
But do not be dismayed, because we are about to enter a brand-new level😍 Take your position now, and fasten your seat belt for a roller coaster journey
This only reflects my perception and not financial advice. Do your research.
$BTC $ETHFI $WIF #Enabullrun #ordi
A lot of people are waiting for the greatest dump⚓
But do not be dismayed, because we are about to enter a brand-new level😍 Take your position now, and fasten your seat belt for a roller coaster journey
This only reflects my perception and not financial advice. Do your research.
$BTC $ETHFI $WIF #Enabullrun #ordi
🫨😪🤒A Tough Lesson Learned: Losing $45,000 in Two Days on Binance Trading
Trading on platforms like Binance can be exciting, but it also comes with risks. Imagine saving up $45,000 over six years, only to see it disappear in just two days due to trading decisions.
Losing such a significant amount of money can be devastating. It's normal to feel shocked, regretful, and uncertain about the future. However, setbacks are part of life, and they can help us grow stronger.
If you find yourself in a similar situation, remember that it's essential to seek support from loved ones and professionals. Take the time to process your emotions, learn from your mistakes, and create a new plan for financial stability.
Rebuilding your savings and reevaluating your investment strategies will take time, but remember that true wealth goes beyond money. Focus on the relationships and experiences that matter most, and know that setbacks do not define your worth.
In closing, losing six years of savings in two days is a tough experience, but with resilience and a positive mindset, you can overcome this challenge and emerge stronger than before.
#Trading #loss #BinanceProfitPotential
Trading on platforms like Binance can be exciting, but it also comes with risks. Imagine saving up $45,000 over six years, only to see it disappear in just two days due to trading decisions.
Losing such a significant amount of money can be devastating. It's normal to feel shocked, regretful, and uncertain about the future. However, setbacks are part of life, and they can help us grow stronger.
If you find yourself in a similar situation, remember that it's essential to seek support from loved ones and professionals. Take the time to process your emotions, learn from your mistakes, and create a new plan for financial stability.
Rebuilding your savings and reevaluating your investment strategies will take time, but remember that true wealth goes beyond money. Focus on the relationships and experiences that matter most, and know that setbacks do not define your worth.
In closing, losing six years of savings in two days is a tough experience, but with resilience and a positive mindset, you can overcome this challenge and emerge stronger than before.
#Trading #loss #BinanceProfitPotential
$BB because of this launched altcoins dump specially $W and $ENA reached the down dip, Perhaps it's a better chance to buy more W and ENA now and you can get profit from them easily, Trade wisely I'm sure you'll get the x2 profit from them sooner then later. Thank you.
#BinanceSquareFamilyFeed #BinanceProfitPotential #BinanceLaunchpool #MicroStrategy
#BinanceSquareFamilyFeed #BinanceProfitPotential #BinanceLaunchpool #MicroStrategy
this message make me feel good
Hong Kong-based Yong Rong HK Asset Management Ltd has become the largest holder in BlackRock iShares Bitcoin ETF (IBIT), as per new data revealed by Bloomberg Intelligence analyst on Friday.
Yong Rong Asset Management Bought $38M BlackRock Bitcoin ETF
Bloomberg senior ETF analyst Eric Balchunas revealed Yong Rong Asset Management based in Hong Kong purchased $38 million of BlackRock iShares Bitcoin ETF (IBIT). The investment advisor became the largest holder of IBIT, accounting for more than 12% of reported holdings.
“Interesting given HK has own ETFs now. But US ETFs have that irresistable combo of low fee and high volume,” said Eric Balchunas.
Yong Rong Asset Management’s top four holdings are Nvidia, Meta, Tesla, and iShares Bitcoin ETF. Meanwhile, other data sources indicate the company has invested over $45 million to buy 1,127,561 IBIT units.
Bloomberg analyst also pointed out that while Yong Rong has the highest single ETF investment another Hong Kong firm Ovata bagged holdings in four spot bitcoin ETFs with total investment of $74 million. This makes the firm biggest buyer of Bitcoin ETF yet. The top three holdings of the firm are Fidelity Wise Bitcoin ETF (FBTC), GBTC, and Bitwise Bitcoin ETF (BITB).
The U.S. Spot Bitcoin ETF outflows narrowed to $34 million after Wednesday’s massive negative flows of over $550 million. Ark 21Shares Bitcoin ETF saw the largest buying on Thursday.
Also Read: Pro-XRP Lawyers Say Ripple Will Lose Motion Against US SEC
Warning From Bloomberg Analyst
In an interesting theory by James Seyffart, ETF analyst at Bloomberg, a selloff by the same Hong Kong-based investment management firm could cause major outflow from IBIT.
In addition, he speculated that Yong Rong Asset Management could migrate from BlackRock iShares Bitcoin ETF to a Hong Kong-based spot Bitcoin ETF can also cause outflow. “Potential gains taxes make this strange if true though,” he added.
BTC price recovered over $61,000 after cooling labor market and an increase in unemployment to 3.9%, higher than expected 3.8%. This indicates the Fed can still have more rate cuts this year, with FED Swaps indicating 2 rate cuts of 25 bps each.
Also Read:
Bitcoin Soars Past 61K As Job Data Indicates Dovish Stance From FedTop 5 Reasons Why Bitcoin Price Recovery Is ConfirmedKraken Subsidiary Is Major A Beneficiary Of Bitcoin ETFs In US & HK#BTC #BinanceProfitPotential
Yong Rong Asset Management Bought $38M BlackRock Bitcoin ETF
Bloomberg senior ETF analyst Eric Balchunas revealed Yong Rong Asset Management based in Hong Kong purchased $38 million of BlackRock iShares Bitcoin ETF (IBIT). The investment advisor became the largest holder of IBIT, accounting for more than 12% of reported holdings.
“Interesting given HK has own ETFs now. But US ETFs have that irresistable combo of low fee and high volume,” said Eric Balchunas.
Yong Rong Asset Management’s top four holdings are Nvidia, Meta, Tesla, and iShares Bitcoin ETF. Meanwhile, other data sources indicate the company has invested over $45 million to buy 1,127,561 IBIT units.
Bloomberg analyst also pointed out that while Yong Rong has the highest single ETF investment another Hong Kong firm Ovata bagged holdings in four spot bitcoin ETFs with total investment of $74 million. This makes the firm biggest buyer of Bitcoin ETF yet. The top three holdings of the firm are Fidelity Wise Bitcoin ETF (FBTC), GBTC, and Bitwise Bitcoin ETF (BITB).
The U.S. Spot Bitcoin ETF outflows narrowed to $34 million after Wednesday’s massive negative flows of over $550 million. Ark 21Shares Bitcoin ETF saw the largest buying on Thursday.
Also Read: Pro-XRP Lawyers Say Ripple Will Lose Motion Against US SEC
Warning From Bloomberg Analyst
In an interesting theory by James Seyffart, ETF analyst at Bloomberg, a selloff by the same Hong Kong-based investment management firm could cause major outflow from IBIT.
In addition, he speculated that Yong Rong Asset Management could migrate from BlackRock iShares Bitcoin ETF to a Hong Kong-based spot Bitcoin ETF can also cause outflow. “Potential gains taxes make this strange if true though,” he added.
BTC price recovered over $61,000 after cooling labor market and an increase in unemployment to 3.9%, higher than expected 3.8%. This indicates the Fed can still have more rate cuts this year, with FED Swaps indicating 2 rate cuts of 25 bps each.
Also Read:
Bitcoin Soars Past 61K As Job Data Indicates Dovish Stance From FedTop 5 Reasons Why Bitcoin Price Recovery Is ConfirmedKraken Subsidiary Is Major A Beneficiary Of Bitcoin ETFs In US & HK#BTC #BinanceProfitPotential
