The recent outflows from the Grayscale Bitcoin ETF sent shockwaves through the market, causing a significant drop in the price of Bitcoin. However, as the new week begins, a change in sentiment is starting to emerge as investors once again show bullish tendencies towards Bitcoin. The outflows from the Grayscale ETF have slowed down significantly,
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Bitcoin (BTC) is showing signs of a potential surge as it recently surpassed the $70,000 mark. Analyst Ali Martinez has identified a bull flag pattern on Bitcoin’s 4-hour chart, indicating a consolidation phase after a significant price increase. The decreasing trading volume during this period suggests a temporary pause rather than a reversal, potentially leading
Bitcoin bulls have recently regained control of the market after a period of bearish sentiment, as evidenced by the significant inflows into Spot Bitcoin ETFs. Farside Investors reported that on March 27, Spot Bitcoin ETFs received a total of $243 million in inflows. This surge was primarily driven by BlackRock’s iShares Bitcoin Trust (IBIT) and
The recent surge in the price of Bitcoin has not only caught the attention of retail investors, but also of large Bitcoin whales who are increasing their holdings in preparation for further growth. These whales, who hold at least 1,000 BTC, have been taking advantage of price dips to accumulate more coins at discounted prices.
Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has reached a 9-year low. This significant decrease in Bitcoin balance on the popular exchange signals a shift in investor behavior towards holding onto their assets for the long term rather than engaging in short-term trading. With only
Bitcoin, the leading cryptocurrency asset, has been showing significant momentum lately, with a rise above $70,000 after a recent downward trend. Rekt Capital, a well-known cryptocurrency expert, has drawn attention to a pattern that resembles the pre-halving retrace that occurred in 2020 before Bitcoin surged to its previous all-time high. Despite the uncertainty in the
Cryptocurrency expert Doctor Profit has recently shared some valuable insights regarding the current state of Bitcoin (BTC) and its potential for future growth. According to his analysis, there are several key factors that could contribute to a significant price increase for the leading cryptocurrency in the near future. Doctor Profit’s analysis delves into the Life
Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? The optimists, led by the prominent crypto analyst Cryptoyoddha, have painted a picture of
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 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