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BTC WEEKLY CHART All you need to see is in the $BTC weekly chart. Wick sub 60k to take the local low. No candle closes below 63k Notice the differences between Nov 21 and March 24 (now) > Nov 2021, weekly candle closed below 60k and "insta" dumped > Now, 9 weeks above 60k. 0 closed below 60k. #bitcoin #BTC #BTCUpdate

BTC WEEKLY CHART

All you need to see is in the $BTC weekly chart.

Wick sub 60k to take the local low. No candle closes below 63k

Notice the differences between Nov 21 and March 24 (now)

> Nov 2021, weekly candle closed below 60k and "insta" dumped

> Now, 9 weeks above 60k. 0 closed below 60k.

#bitcoin #BTC #BTCUpdate

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📊 Grayscale Bitcoin Trust (GBTC) Sees First Net Inflow Since Launch! 💼 For the first time since its January launch, the Grayscale Bitcoin Trust (GBTC), the largest Bitcoin ETF by assets, experienced a net inflow of $63 million on May 2nd, according to Farside Investors. GBTC has long been a popular option for Bitcoin investment without direct cryptocurrency purchase. However, it faced increased competition in January with the emergence of nine competing spot Bitcoin ETFs, leading to heightened investor outflows due to its relatively higher fees. Despite its recent struggles, GBTC still holds a significant $18.1 billion in assets, though decreased from over $26 billion previously. In contrast, IBIT, now ranked second, started from zero in January and currently holds $16.9 billion. SoSoValue reported that the Bitcoin spot ETF experienced a total net inflow of $378 million on May 3, marking the first net inflow after seven consecutive days of outflows. Additionally, GBTC witnessed a rare single-day inflow of $63.0112 million. In Hong Kong, the total net assets of three Bitcoin spot ETFs amount to approximately $250 million, with holdings of approximately 4,225 BTC. Ethereum spot ETFs in Hong Kong have approximately $48.52 million in total net assets, with holdings of around 16,000 ETH. However, despite these recent inflows, every ETF recorded outflows totaling $563.7 million by May 2nd, marking the largest losses since trading began in January. This decline has persisted for nearly two months, with funds experiencing approximately $6 billion in losses over the past four weeks, representing a 20% drop in assets under management. 📉 #GrayscaleBitcoinTrust #BitcoinETF #CryptoInvestment
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