Messari's Bitcoin report for the first quarter of 2024 shows that BTC prices increased by 69% month-on-month to $71,310, a record high. The rally peaked in April as the new halving cycle approached. The success of the spot BTC ETF was the main driver of the price increase, with inflows exceeding $12 billion in the first quarter. The spot BTC ETF currently holds 831,000 BTC, worth $59 billion. Inscription transaction counts and fees fell 40% and 60% month-on-month. Despite this, NFT trading platforms still saw daily sales of more than $10 million. The April halving will launch the Runes token protocol and Epic sats. Miner revenue (in US dollars) increased by 34% month-on-month, and miners are exploring inscriptions and MEV as additional sources of income. Some miners have officially started selling blocks to meet the needs of Ordinals developers. The TVL of the programmable Bitcoin layer increased by 127% month-on-month. Dozens of new layers are currently being built to expand Bitcoin and increase its programmability, many of which are exploring BitVM-based bridges and state verification.
#热门话题 #大盘走势 #BTC、 $BTC #ETFbitcoin

Crypto News

VanEck Foresees Ethereum ETFs Outpacing Bitcoin ETFs in Market Impact.

VanEck Analysis Highlights Potential for Ethereum ETFs to Dominate Market Influence, Signaling a New Era in Crypto Investment Trends.

#ETH #ETF #ETFbitcoin #CRYPTONEWS

According to SoSoValue data, on April 16, Eastern Time, Bitcoin spot ETFs had a total net outflow of $58.03 million. Grayscale ETF GBTC had a net outflow of $79.38 million on the day, bringing its total historical net outflow to $16.46 billion. In contrast, BlackRock ETF IBIT became the Bitcoin spot ETF with the largest net inflow in a single day yesterday, with a net inflow of approximately $25.78 million. The second was VanEck ETF HODL, with a net inflow of approximately $3.56 million in a single day. As of press time, the total net asset value of Bitcoin spot ETFs was $52.73 billion, the ETF net asset ratio (the ratio of market value to the total market value of Bitcoin) reached 4.25%, and the historical cumulative net inflow reached $12.43 billion.
#BTC🔥🔥🔥🔥🔥🔥 #现货BTC #ETFbitcoin $BTC

James Seyffart said that while some market commentators have expressed concerns about the low inflows into US Bitcoin ETFs, the zero inflows into spot Bitcoin ETFs in recent days are normal and should not be misunderstood as a failure of the product itself. On most days, all US ETFs have zero inflows, which is normal for ETFs in any particular industry. To record new inflows or outflows, there must be a large enough mismatch to justify the creation or destruction of new fund shares.
#BTC🔥🔥🔥🔥🔥🔥 #ETFbitcoin $BTC

$BTC
dont get blinded by the news you can find me on tee gee
DONT short it but its bearish wait below
#BTCETFSPOT Update Currently in a valid cup formation! Next move might be a retracement for a handle formation. Potential targets: $38k and $32k. Our first checkpoint? $40k! Don't rush to short! Patience is key. Wait below #ETFbitcoin #ETFApprovalDreams #BullRunPredictions

Everyone knows that the bull market is coming, and everyone wants to make money from it, but it won't be that easy, and most people will definitely be thrown off the car.
This year you have to listen to me, keep your principal well, and enter the market in batches when the market falls sharply, don't think about buying at the lowest point.
As long as you dare to buy when the market is falling, you will surpass 80% of the people.
If you understand, please give me a like!
#ETH #BTC #sol #ETFbitcoin

According to Farside Investors, the U.S. Bitcoin spot ETF had a net outflow of $58 million yesterday.
#BTC🔥🔥🔥🔥🔥🔥 #ETFbitcoin $BTC

The summary of important dynamics at noon on April 17 is as follows:
1. Jupiter launches LST token JupSOL.
2. There are only about 3 days left before the Bitcoin block reward is halved.
3. Magic Eden announced the launch of the Bitcoin NFT project Offers function.
4. The investment scale in the GameFi field in the first quarter reached US$268 million.
5. HashKey Global will authenticate the ownership of recharges from third-party exchanges.
6. Bloomberg ETF analysts pointed out that it is completely normal for the spot Bitcoin ETF to have zero inflows in recent days.
7. Decentralized network hardware infrastructure company GEODNET completed a new round of financing of US$2 million.
8. Analysis shows that Bitcoin is currently in the fourth cycle, and the current position indicates the risk of overheating of the currency price in the short term.
#JUP #减半 #ETFbitcoin

Ark Invest CEO Cathie Wood said in a podcast this week that the likelihood of the Ark 21Shares Ethereum ETF and other similar products being approved in May is diminishing. Wood said that for Bitcoin, a clear sign that the spot Bitcoin ETF is about to change is that we are communicating with the SEC. I think the US SEC is still waiting for the opportunity and may be studying these issues. Ophelia Snyder, co-founder of 21Shares, said that considering that the spot Ethereum ETF is similar to the approved Bitcoin ETF, there is nothing worth paying attention to when the US SEC is considering the Ethereum ETF, so the spot Ethereum ETF may be approved soon.
#热门话题 #BTC #ETFbitcoin $BTC $ETH

Hong Kong Securities and Futures Commission may approve the first batch of virtual currency ETFs at the end of April

According to reports, three Chinese fund companies, Harvest Global, China Asset Management and Bosera Asset Management, plan to launch Bitcoin and Ethereum spot ETFs, which are expected to become the first companies in the world to launch Ethereum spot ETFs. It is reported that the Securities and Futures Commission is expected to approve the first batch of virtual currency ETFs at the end of April, similar to the approval of 11 Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC) in January this year.
In response, the Securities and Futures Commission said that investment products approved by it will be listed on the list of investment products for public sale on its website. The Securities and Futures Commission stated that if the ETF product applied for generally meets its requirements, a conditional authorization letter will be issued, but the applicant company still needs to comply with various conditions, including paying relevant fees, submitting documents, and obtaining listing approval from the Hong Kong Stock Exchange (0388). The relevant applicant fund companies are expected to submit applications to the Hong Kong Stock Exchange.
#ETFbitcoin #香港比特币现货etf

Do you still have the inscriptions? Brothers, the inscriptions you can see are being washed with blood.
The inscription you cannot see has lost its fluidity.
Of course, you can say that I don't understand your grand plans.
However, if you look at the price a little bit, you can see how many people have taken advantage of it.
Give me another needle, and I'll help you figure it out. 😂
ORDI, pay attention to the location near 45. The key support level in the early stage.
Many people are saying not to sell. Today’s top will be tomorrow’s bottom. As a result, I kept asking Ange every day when his web3 wallet would be online. Why go online? Just sell the goods.
Contradictory, really contradictory~ #ORDI. #SATS

#Web3 #ETFbitcoin #NFT

📍At the beginning of the week, we again witnessed negative cash flows coming from funds #ETFbitcoin

Today, ETF funds jointly sold a small amount of #BTC , with Grayscale still leading the way.

❤️‍🩹It has now been a 7-day streak of negative cash flow

After weeks of heavy buying, inflows into spot Bitcoin ETFs have slowed, with only BlackRock's IBIT continuing to see daily positive inflows. An expert said this is a normal development in the ETF space.
#BTC🔥🔥🔥🔥🔥🔥 #ETFbitcoin $BTC

According to a Golden Finance report on March 28, according to Lookonchain data, 9 Bitcoin spot ETFs (including Grayscale Investments) net increased their holdings of 534 BTC that day, with a net inflow of approximately US$38.12 million. Among these nine ETFs, Grayscale Investment reduced its holdings of 3,072 BTC, with a net outflow of approximately US$219 million. The current number of BTC held is 339,536, worth approximately US$24.24 billion. 21Shares has increased its holdings of 2,924 BTC, with a net inflow of approximately US$208 million. The current number of BTC held is 44,277, worth approximately US$3.16 billion.

Please note that investment involves risks and you should be cautious when entering the market. The above information does not constitute investment advice.
#热门话题 #BTC $BTC #ETFbitcoin #DOGE $ETH

#Bitcoin begins the week with two #gaps below the price, this week's at -1.62% and the mid-July one at -19.10% of their respective closes. This is not law, but 95% of #gaps of #btc were closed, 100% of #ETFbitcoin . DYOR.
Analysis in Fran Hunter both here and in X. Greetings gaps hunters.

How This Cryptocurrency Trader Turned $3,000 into $650,000 in 19 hours
Speculating in illiquid cryptocurrencies is risky, but sometimes rewarding. One cryptocurrency trader recently beat the risk of bankruptcy, turning $3,000 into more than $651,000 in 19 hours.
At the time, the trader held 314.9 trillion SNOW, worth approximately $535,000.
Notably, address “0xf8a…F8683” first purchased 386.94 trillion SNOW for 1.31 ETH, worth $2,931. First, he sold 72 trillion tokens for 53.4 ETH, worth $119,000. Thus, a profit of 52.09 ETH ($116,000) was realized.
Since then, traders have sold more SNOW while adding liquidity to the Uniswap ( UNI ) pool. He currently holds 252.2 trillion liquidity tokens and is ready to sell at any time.
Snowman (SNOW) Analysis on Uniswap
Snowman (SNOW) is a low-liquidity, low-market-cap ERC-20 token that only trades on Uniswap. In particular, there is no coin information available on decentralized exchanges, indicating that the meme coin is purely speculative. It exists under the smart contract "0xD1f…a557f".
Additionally, the token has a TVL of $374,100 in its liquidity pool and a 24-hour trading volume of over $4.7 million. Its circulating supply is 888.888 trillion SNOW, with a price below $0.00000001.
Interestingly, the trader’s first purchase was equivalent to 43.5% of the circulating supply. Meanwhile, the address’s current balance is equivalent to 28.3% of all Snowman tokens, exceeding available liquidity.
The trade could be a lucky strike, a successful move by a smart trader, or even an inside job. Still, it illustrates the high volatility of low-liquidity tokens—this time to the benefit of speculators.
However, these deals often don't have a happy ending. Speculators may find it difficult to realize any meaningful profits in a low-liquidity environment, and volatility can turn quickly, leading to huge losses and investor bankruptcies.
#BTC #ETH #sol #ETFbitcoin

In 2024, these 5 altcoins can make you rich, so pay attention! !
1: ORDI
Between 55 and 30, buy it without thinking.
2:1000sats
The range from 0.00045 to 0.00032, buy it without thinking
3:SOL
Stud focuses on the vicinity of 62, and the callback is in place directly.
4:op
Go back to 2 and continue stud
I bought it around 1.8 in November. .
5TRB
You will be afraid of yourself when it rises
This currency is not suitable for contracts. The spot focus is on ambush.
Generally speaking, these 5 altcoins are all coins that are currently being added by institutions and retail investors of their choice to play back and forth. If they can return to the position I want in the future, they will be a good choice in 2024. . Before investing in any of these, it's important to do your own research and weigh your personal risk tolerance. #contentmining #BTC #ETFbitcoin

Some views on SOL
There are various rumors in the media that SOL will replace ETH or even surpass BTC in the next bull market. In this regard, Yiming's view is: Impossible.
SOL is more like FIL
FIL was so hot from 2020 to 2021, but in the end it was just a piece of cake. A copycat is a copycat after all, and after the heat has passed, its original shape will appear.
Big pie and ether are still the main drivers of account capital growth, but many people look down upon this and feel it is too slow. The trading market cannot go far even if it runs fast, and it cannot go far fast!
#SOL #ETH #BTC #FIL #ETFbitcoin