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Bitcoin ETFs Recorded A Massive $870 Million Inflows Led BY Blackrock! Is $80,000 Next?
Bitcoin ETFs in the U.S. saw a massive $870 million inflow on Tuesday, fueled by Bitcoin’s price rally toward its all-time high. Leading the charge, BlackRock’s IBIT ETF pulled in $629 million, with Fidelity’s FBTC and Bitwise’s BITB also drawing strong interest. Bitcoin briefly hit $73,000 its highest since March as analysts speculate that a $80,000 price target could be within reach by November.
Record ETF Inflows Signal Strong Interest
Among the top-performing ETFs, BlackRock’s IBIT brought in $629 million alone, followed by Fidelity’s FBTC with $133 million and Bitwise’s BITB with $52 million. Together, these funds helped push trading volumes to $4.75 billion—the highest since March.
Notably, BlackRock's IBIT ETF has seen steady inflows for 12 consecutive days, totaling $3.2 billion since October 10. This consistent interest mirrors Bitcoin’s recent performance, as the cryptocurrency broke past the $73,000 mark for the first time since March.
...FOMO Drives ETF Demand...
As Bitcoin rose 3% on Tuesday, bringing its weekly gain to 7.7%, it sparked a wave of “Fear of Missing Out” (FOMO) among investors. Bloomberg analyst Eric Balchunas noted that this increase in trading volume is unusual for a market uptrend, as high volumes usually appear during market drops.
BlackRock’s IBIT ETF alone saw $3.3 billion in trades, showing strong interest from investors wanting to join in on Bitcoin’s recent rise.
#April
#btcupdates2024
#million
#ETFvsBTC
Bitcoin ETFs in the U.S. saw a massive $870 million inflow on Tuesday, fueled by Bitcoin’s price rally toward its all-time high. Leading the charge, BlackRock’s IBIT ETF pulled in $629 million, with Fidelity’s FBTC and Bitwise’s BITB also drawing strong interest. Bitcoin briefly hit $73,000 its highest since March as analysts speculate that a $80,000 price target could be within reach by November.
Record ETF Inflows Signal Strong Interest
Among the top-performing ETFs, BlackRock’s IBIT brought in $629 million alone, followed by Fidelity’s FBTC with $133 million and Bitwise’s BITB with $52 million. Together, these funds helped push trading volumes to $4.75 billion—the highest since March.
Notably, BlackRock's IBIT ETF has seen steady inflows for 12 consecutive days, totaling $3.2 billion since October 10. This consistent interest mirrors Bitcoin’s recent performance, as the cryptocurrency broke past the $73,000 mark for the first time since March.
...FOMO Drives ETF Demand...
As Bitcoin rose 3% on Tuesday, bringing its weekly gain to 7.7%, it sparked a wave of “Fear of Missing Out” (FOMO) among investors. Bloomberg analyst Eric Balchunas noted that this increase in trading volume is unusual for a market uptrend, as high volumes usually appear during market drops.
BlackRock’s IBIT ETF alone saw $3.3 billion in trades, showing strong interest from investors wanting to join in on Bitcoin’s recent rise.
#April
#btcupdates2024
#million
#ETFvsBTC
🚨📉 BITCOIN CASH GIVES WARNING SIGNAL AHEAD OF BTC HALVING EVENT! 🚨💥
As Bitcoin's fourth mining reward halving approaches in just eight days, the cryptocurrency market is on edge. Historically, such events have heralded bullish periods for Bitcoin, but its offshoot, #Bitcoin Cash (BCH), is painting a cautionary picture, urging traders to temper their expectations for an immediate price surge post-halving.
The rally in #BCH triggered by its parent blockchain's halving of per-block coin emission to 3.125 BCH on April 4, quickly lost steam as prices retreated by 15% to $604. Adding to the concern, notional open interest in BCH perpetual futures has plummeted by a staggering 70% to $376 #million in just seven days, with funding rates turning negative, indicating a shift in sentiment towards bearishness.
Algorithmic trading firm #Wintermute suggests that BCH's recent activity may foreshadow potential selling pressure for BTC post-halving. Analysts have long cautioned about a "sell the news" scenario for BTC, with JPMorgan anticipating a pullback to $42,000 once the halving hype fades.
Despite BTC's current price of $70,700, representing a substantial 67% year-to-date gain, concerns linger about post-halving miner sales potentially dampening bullish momentum. Markus Thielen, founder of 10X Research, estimates that miners could liquidate $5 billion worth of BTC after the halving, potentially leading to a sideways market for several months.
Will the bitcoin price skyrocket or crash after the halving event?
👇 Drop your opinion in the comments
As Bitcoin's fourth mining reward halving approaches in just eight days, the cryptocurrency market is on edge. Historically, such events have heralded bullish periods for Bitcoin, but its offshoot, #Bitcoin Cash (BCH), is painting a cautionary picture, urging traders to temper their expectations for an immediate price surge post-halving.
The rally in #BCH triggered by its parent blockchain's halving of per-block coin emission to 3.125 BCH on April 4, quickly lost steam as prices retreated by 15% to $604. Adding to the concern, notional open interest in BCH perpetual futures has plummeted by a staggering 70% to $376 #million in just seven days, with funding rates turning negative, indicating a shift in sentiment towards bearishness.
Algorithmic trading firm #Wintermute suggests that BCH's recent activity may foreshadow potential selling pressure for BTC post-halving. Analysts have long cautioned about a "sell the news" scenario for BTC, with JPMorgan anticipating a pullback to $42,000 once the halving hype fades.
Despite BTC's current price of $70,700, representing a substantial 67% year-to-date gain, concerns linger about post-halving miner sales potentially dampening bullish momentum. Markus Thielen, founder of 10X Research, estimates that miners could liquidate $5 billion worth of BTC after the halving, potentially leading to a sideways market for several months.
Will the bitcoin price skyrocket or crash after the halving event?
👇 Drop your opinion in the comments
LIVE
Richard Teng
--
Finally caught How to Make Millions Before Grandma Dies. Bet many of you with elderly family members can relate to.
Touching show and saw that our JV partner Gulf in the opening credit. 💪💪
Good show especially during Father’s Day weekend where we appreciate our loved ones and count our blessing. ❤️
Touching show and saw that our JV partner Gulf in the opening credit. 💪💪
Good show especially during Father’s Day weekend where we appreciate our loved ones and count our blessing. ❤️
This is the last ARK pump for today. Be ready for Bearish.
Entry 0.98-0.99
TP- 0.85 to 0.75
#CryptoTradingStrategy #crypto #cryptomillionaire #million #binance
Entry 0.98-0.99
TP- 0.85 to 0.75
#CryptoTradingStrategy #crypto #cryptomillionaire #million #binance
Many struggle to begin in crypto without funds.
Here're all steps I would follow if I had to start from $0🧵👇
#FollowingReward #btc #million #dollar
Here're all steps I would follow if I had to start from $0🧵👇
#FollowingReward #btc #million #dollar
#Billionaire Mukesh Ambani purchased a beachside villa on palm jumeirah for his youngest son, Anant Ambani. Ambani acquired this property for a staggering $80 #million , making it the largest ever residential property deal in #DubaiMillionaire
🪙 #Solana MEV Bot Secures $1.7M from a Single Dogwifhat Trade
A Solana-based Maximum Extractable Value (MEV) bot earned $1.7 million in profit from a single trade involving the #memecoin Dogwifhat (WIF).
💰 The bot operated by 2fast executed a strategy of buying 490,000 WIF for 703 #SOL and then selling it for 19,035 SOL within the same transaction bundle.
This trade occurred following a large $8.9 #million purchase of WIF by a trader in a low-liquidity pool, which momentarily spiked WIF's price.
The trader suffered a significant loss, while the MEV bot capitalized on this opportunity.
A Solana-based Maximum Extractable Value (MEV) bot earned $1.7 million in profit from a single trade involving the #memecoin Dogwifhat (WIF).
💰 The bot operated by 2fast executed a strategy of buying 490,000 WIF for 703 #SOL and then selling it for 19,035 SOL within the same transaction bundle.
This trade occurred following a large $8.9 #million purchase of WIF by a trader in a low-liquidity pool, which momentarily spiked WIF's price.
The trader suffered a significant loss, while the MEV bot capitalized on this opportunity.
😍🥶 AMAZING !!! 💥 #LayerZero Labs closed a $120 #million Series B round, raising its valuation to $3 #billion from $1 billion.
I think, today #neiro is going to remove one ZERO
means 10 times.... yes folks, get ready for 10X, its happening,
just see how much trade volume is... market cap in top 200 and on #binance volume is more than 200 #million
don't say #lionofdubai told late #pumpalert
means 10 times.... yes folks, get ready for 10X, its happening,
just see how much trade volume is... market cap in top 200 and on #binance volume is more than 200 #million
don't say #lionofdubai told late #pumpalert
🚨📉 BITCOIN CASH GIVES WARNING SIGNAL AHEAD OF BTC HALVING EVENT! 🚨💥
As Bitcoin's fourth mining reward halving approaches in just eight days, the cryptocurrency market is on edge. Historically, such events have heralded bullish periods for Bitcoin, but its offshoot, #Bitcoin Cash (BCH), is painting a cautionary picture, urging traders to temper their expectations for an immediate price surge post-halving.
The rally in #BCH triggered by its parent blockchain's halving of per-block coin emission to 3.125 BCH on April 4, quickly lost steam as prices retreated by 15% to $604. Adding to the concern, notional open interest in BCH perpetual futures has plummeted by a staggering 70% to $376 #million in just seven days, with funding rates turning negative, indicating a shift in sentiment towards bearishness.
Algorithmic trading firm #Wintermute suggests that BCH's recent activity may foreshadow potential selling pressure for BTC post-halving. Analysts have long cautioned about a "sell the news" scenario for BTC, with JPMorgan anticipating a pullback to $42,000 once the halving hype fades.
Despite BTC's current price of $70,700, representing a substantial 67% year-to-date gain, concerns linger about post-halving miner sales potentially dampening bullish momentum. Markus Thielen, founder of 10X Research, estimates that miners could liquidate $5 billion worth of BTC after the halving, potentially leading to a sideways market for several months.
Will the bitcoin price skyrocket or crash after the halving event?
👇 Drop your opinion in the comments
As Bitcoin's fourth mining reward halving approaches in just eight days, the cryptocurrency market is on edge. Historically, such events have heralded bullish periods for Bitcoin, but its offshoot, #Bitcoin Cash (BCH), is painting a cautionary picture, urging traders to temper their expectations for an immediate price surge post-halving.
The rally in #BCH triggered by its parent blockchain's halving of per-block coin emission to 3.125 BCH on April 4, quickly lost steam as prices retreated by 15% to $604. Adding to the concern, notional open interest in BCH perpetual futures has plummeted by a staggering 70% to $376 #million in just seven days, with funding rates turning negative, indicating a shift in sentiment towards bearishness.
Algorithmic trading firm #Wintermute suggests that BCH's recent activity may foreshadow potential selling pressure for BTC post-halving. Analysts have long cautioned about a "sell the news" scenario for BTC, with JPMorgan anticipating a pullback to $42,000 once the halving hype fades.
Despite BTC's current price of $70,700, representing a substantial 67% year-to-date gain, concerns linger about post-halving miner sales potentially dampening bullish momentum. Markus Thielen, founder of 10X Research, estimates that miners could liquidate $5 billion worth of BTC after the halving, potentially leading to a sideways market for several months.
Will the bitcoin price skyrocket or crash after the halving event?
👇 Drop your opinion in the comments
JUST IN: ⛔ BlackRock $BTC ETF saw $289 #million in inflows yesterday.
They now have over $25 Billion in AUM 🚀⛔.......
#TrumpDeFi #MemeCoinTrending #USStockEarningsSeason #TeslaTransferBTC
They now have over $25 Billion in AUM 🚀⛔.......
#TrumpDeFi #MemeCoinTrending #USStockEarningsSeason #TeslaTransferBTC
#bitcoin☀️ has seen dramatic price fluctuations since its inception in #2009 , with multiple notable peaks. For instance, in #2011 , Bitcoin jumped from mere cents to $32 before crashing back to $2.10. Another major bull run occurred in 2017 when Bitcoin surged from $1,000 to nearly $20,000 by December, followed by a correction. Its most significant peak came in April 2021, reaching around $63,000.
If you'd invested
$100 in Bitcoin in 2011, when it was priced around $1, you could have bought 100 BTC. By April 2021, at its peak, that $100 investment would have been worth approximately #$6.3 #million !
However, Bitcoin's price is highly volatile, and such returns come with high risks. External events, such as the 2014 Mt. Gox hack, which led to the loss of 850,000 BTC and a significant price drop, showcase the risks involved in crypto trading. Long-term trends, like the Stock-to-Flow model, also suggest Bitcoin’s price growth is linked to its limited supply.
Remember, cryptocurrency investments can be risky and should be approached cautiously.
If you'd invested
$100 in Bitcoin in 2011, when it was priced around $1, you could have bought 100 BTC. By April 2021, at its peak, that $100 investment would have been worth approximately #$6.3 #million !
However, Bitcoin's price is highly volatile, and such returns come with high risks. External events, such as the 2014 Mt. Gox hack, which led to the loss of 850,000 BTC and a significant price drop, showcase the risks involved in crypto trading. Long-term trends, like the Stock-to-Flow model, also suggest Bitcoin’s price growth is linked to its limited supply.
Remember, cryptocurrency investments can be risky and should be approached cautiously.