optimistic
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Bitcoin Rebounds After Flash Crash 🔥
Bitcoin briefly dipped below $94,000 amid South Korea’s political turmoil, causing the “Kimchi premium” to hit record negatives. However, BTC rebounded to $96,109, with analysts eyeing $97,270 as a critical level for sustained recovery. Traders remain cautiously #bullish as Bitcoin retests lower highs and shows resilience despite volatility.
Retail investor interest surged 30% in the past month, driving market engagement and potentially signaling a local top. Analysts remain #optimistic , with $100,000 seen as a decisive target for Bitcoin’s market trajectory.
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#Binance
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Bitcoin briefly dipped below $94,000 amid South Korea’s political turmoil, causing the “Kimchi premium” to hit record negatives. However, BTC rebounded to $96,109, with analysts eyeing $97,270 as a critical level for sustained recovery. Traders remain cautiously #bullish as Bitcoin retests lower highs and shows resilience despite volatility.
Retail investor interest surged 30% in the past month, driving market engagement and potentially signaling a local top. Analysts remain #optimistic , with $100,000 seen as a decisive target for Bitcoin’s market trajectory.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Can Grayscale Recover? 😬
Grayscale's Bitcoin ETF (#GBTC ) is losing investors' money fast! Over $16.2 billion has flowed out since January, with daily outflows ranging from $75 million to $300 million.
This is despite a recent surge in #Bitcoin ETFs overall. The culprit? Likely GBTC's high 1.5% management fee compared to competitors' 0.3% average.
Grayscale CEO remains #optimistic , but outflows continue. Can they adapt or will they lose their lead?
#Binance
#crypto2024
Grayscale's Bitcoin ETF (#GBTC ) is losing investors' money fast! Over $16.2 billion has flowed out since January, with daily outflows ranging from $75 million to $300 million.
This is despite a recent surge in #Bitcoin ETFs overall. The culprit? Likely GBTC's high 1.5% management fee compared to competitors' 0.3% average.
Grayscale CEO remains #optimistic , but outflows continue. Can they adapt or will they lose their lead?
#Binance
#crypto2024