The past week has been a challenging one for Spot Bitcoin ETFs, as they have experienced a lack of significant inflows day after day. This trend has led to consecutive daily outflows throughout the week, signaling a potential decrease in bullish sentiment among institutional traders. The impact of this lack of interest can be seen
Bitcoin
Bitcoin accumulation addresses are a crucial aspect of the crypto market that indicate significant investor activity. These addresses refer to wallets that have zero outgoing transactions and maintain a balance of at least 10 BTC. They serve as a way for entities to accumulate Bitcoin as a long-term investment, showcasing their confidence in the future
The current state of the spot Bitcoin ETF market is rather gloomy, with a decline in Bitcoin’s price leading to negative netflows in these ETFs over the last four trading sessions. Grayscale’s GBTC outflows are at large levels, and there are record low inflows for other ETFs such as BlackRock’s IBIT and Fidelity’s FBTC. This
Recent reports from analysts at JPMorgan have cast a shadow of doubt over the optimistic expectations many had for Bitcoin following the Halving event. Despite initial enthusiasm, the analysts have warned that a storm may still be brewing for the flagship cryptocurrency. They point to various signals that indicate a potential further downturn in Bitcoin’s
The recent surge in Bitcoin’s value, surpassing the $67,000 mark, triggered a chain reaction in the crypto market, resulting in approximately $300 million in liquidations. Traders who had bet on the market’s decline found themselves caught off guard by this sudden reversal in Bitcoin’s trajectory. Data from Coinglass revealed that within a 24-hour period, a
Bitcoin, the leading cryptocurrency, experienced a significant retracement followed by a notable recovery as the week came to a close. After dropping from the $73,000 mark to $61,000, many within the cryptocurrency community were hopeful for a bullish move. However, despite the recent surge to $67,000, Bitcoin has not fully recovered to its previous highs.
As Bitcoin continues to be a hot topic in the world of finance, certain fundamental factors suggest that the crypto token is positioned for further growth in the current bull market. Despite recent price declines, data from the on-chain analysis platform CryptoQuant indicates a significant drop in the supply of Bitcoin on exchanges over the
Bitcoin’s value has seen a significant -17% decline from its recent high, leading to various discussions and speculations among crypto experts on platforms like X (formerly Twitter). Alex Krüger, a well-known figure in macroeconomics and the crypto space, identified several factors contributing to this price collapse. He pointed out issues such as excessive market leverage,
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund with assets totaling $1.5 trillion, has recently made quite a splash by expressing interest in exploring investment opportunities in Bitcoin. This move highlights a potential shift in the fund’s investment strategy, traditionally associated with more conservative asset classes like gold,
With the price of Bitcoin experiencing a downward trend after hitting an all-time high of $73,000, there has been a lot of speculation surrounding the future direction of this popular cryptocurrency. As the Bitcoin Halving event approaches, many crypto analysts are predicting a further decline in BTC’s price in the near future. One such analyst,