LIVEMONSTER CRYPTO HUNTER
@Monster_crypto
USE SMAL MARGIN ALWAYS TAKE SMAL RISK ALWAYS OTHERWISE you will lose your balance stay calm and active everytime
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#BTC_ANALYSIS #BTC on the way to come back i mean will dump soon after a little pumping , just wait , visit my previous posts and compare the market with my analysis , market run the same way 100% that i told you before the market entering that zone ,if you think that my analysis helpful for you then follow me and don't miss like The post
$BTC
$BTC
Bitcoin remains above $65,000 despite highest-ever GBTC outflows.
GBTC outflows are occurring due to high fees and ETF competition.
Bitcoin {{BTC}} is down 4% and trading above $65,000 as the selling of Grayscale Bitcoin Trust (GBTC) shares hit its highest level ever.
According to data compiled by BitMEX research, outflow from GBTC hit $643 million on March 18.
Bitcoin ETF Flow - 18 March 2024GBTC Outflow $643m
— BitMEX Research (@BitMEXResearch) March 18, 2024
Data from investment firm Farside shows that there's a net outflow from bitcoin ETFs in general to the tune of $154 million. The iShares bitcoin ETF (IBIT) saw the most inflow of $451.5 million, while the remaining products had inflow of approximately $36.7 million.
Since the launch of bitcoin exchange-traded funds (ETFs) earlier this year, there have been significant outflows from GBTC – which recently converted into an ETF – because of its higher fees. This selling puts pressure on the price of bitcoin.
A recent note from CryptoQuant says that selling pressure is also coming from short term holders of bitcoin taking profit on recent gains.
Over the last week bitcoin is down 8.5%, according to CoinDesk Indicies data, but remains up 27% over the past 30 days.
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Rocco Polcyn hMOb
GBTC outflows are occurring due to high fees and ETF competition.
Bitcoin {{BTC}} is down 4% and trading above $65,000 as the selling of Grayscale Bitcoin Trust (GBTC) shares hit its highest level ever.
According to data compiled by BitMEX research, outflow from GBTC hit $643 million on March 18.
Bitcoin ETF Flow - 18 March 2024GBTC Outflow $643m
— BitMEX Research (@BitMEXResearch) March 18, 2024
Data from investment firm Farside shows that there's a net outflow from bitcoin ETFs in general to the tune of $154 million. The iShares bitcoin ETF (IBIT) saw the most inflow of $451.5 million, while the remaining products had inflow of approximately $36.7 million.
Since the launch of bitcoin exchange-traded funds (ETFs) earlier this year, there have been significant outflows from GBTC – which recently converted into an ETF – because of its higher fees. This selling puts pressure on the price of bitcoin.
A recent note from CryptoQuant says that selling pressure is also coming from short term holders of bitcoin taking profit on recent gains.
Over the last week bitcoin is down 8.5%, according to CoinDesk Indicies data, but remains up 27% over the past 30 days.
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Rocco Polcyn hMOb
$SKULL IF BREAKS THE SUPPORT ZONE THEN U HAVE TO ENTER LONG OTHERWISE TAKE A SHORT POSITION...FROM NOW POSIBLE CHANCES TO GO SHORT
$BTC
if it breaks support zone then u should go long or if CANT BREAK SUPORT ZONE THEN GO TAKE YOUR ENTRIES ON SHORT..KEEP AN EYE ON $BTCUSDT
if it breaks support zone then u should go long or if CANT BREAK SUPORT ZONE THEN GO TAKE YOUR ENTRIES ON SHORT..KEEP AN EYE ON $BTCUSDT
BTCUpdate
If Bitcoin breaks the support of 60 thousand . So we all will see bitcoin at 50k to 52k support . And if Bitcoin moves above the 60 thousand support . And the candle closes above 65K . So the next move of bitcoin will be above 74 thousand
If Bitcoin breaks the support of 60 thousand . So we all will see bitcoin at 50k to 52k support . And if Bitcoin moves above the 60 thousand support . And the candle closes above 65K . So the next move of bitcoin will be above 74 thousand
