BTC holding on to levels above $28,000 suggests there is pent-up interest in the cryptocurrency. Blackstone Group CEO Larry Fink acknowledged the pent-up interest, saying there is growing demand for cryptocurrencies from clients around the world. Although he could not provide specific details or comment on the status of the application, Fink's remarks highlighted the growing demand for cryptocurrencies.
Very Bullish: Investors Expect Long Positions Ahead of ETF Approval
Despite the recent rally from $27,000 to $30,700, investors are aware that the approval of the BTC ETF is not yet fully reflected in market prices. This is why BTC remains above $28,000 as investors are eager not to miss out on further upside potential once approval is actually obtained. Market dynamics tend to exhibit short-term memory, and the current situation may be forgotten in the coming weeks, causing BTC to remain at higher levels. Fake ETF news won’t affect SEC approval
