The outflows from the Grayscale Bitcoin ETF have been a major point of concern in the market recently, with last week seeing a significant impact on the price of BTC. However, as we enter a new week, there seems to be a shift in the narrative as investors are once again showing confidence in Bitcoin.
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Bitcoin (BTC) has recently shown signs of a potential surge after forming a bullish technical pattern known as a bull flag. Analyst Ali Martinez has identified this pattern on Bitcoin’s 4-hour chart, indicating a consolidation phase following a significant price increase. The decreasing trading volume during this period suggests a temporary pause rather than a
After weeks of bearish sentiment causing price dips in the cryptocurrency market, Bitcoin bulls seem to have regained control. The recent surge in interest in Bitcoin is exemplified 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
The recent surge in net inflows in the spot Bitcoin ETF market has been a welcome change from the previous week’s outflows. The market saw a significant turnaround, with Tuesday recording a substantial net inflow of $480 million, followed by $243.5 million on Wednesday. One of the major contributors to this resurgence was the remarkable
In the world of cryptocurrency, attention is often drawn to large transactions made by Bitcoin whales. Recently, the community was abuzz with news of a Bitcoin whale transferring a significant amount of BTC across various wallets. Arkham Intelligence, a blockchain analysis platform, was the first to report on this occurrence through a post on X
Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has dropped to a 9-year low. This significant decrease in Bitcoin holdings on the popular exchange has raised the possibility of the flagship cryptocurrency reaching a new all-time high of $75,000 in the near future. Investors seem to
As Bitcoin continues to showcase its volatility and upward momentum, cryptocurrency expert Rekt Capital has pointed out a striking resemblance between the recent pre-halving retrace and the one observed in 2020. This similarity raises questions about the potential implications for the digital asset’s price movement in the current cycle. While Bitcoin has managed to recover
Cryptocurrency expert and analyst Doctor Profit has recently provided an insightful update on the current state of Bitcoin (BTC) and the crypto market as a whole. His analysis delves into the Life Cycle Assessment (LCA), psychological analysis, and technical analysis (TA) to give investors within the crypto space a sense of optimism amidst the recent
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, paint a picture of a
The past week has been challenging for Spot Bitcoin ETFs as they struggled to attract significant inflows. Instead, these ETFs experienced consecutive daily outflows, signaling a potential decrease in bullish sentiment among institutional traders. This trend was reflected in the price of Bitcoin, which dropped to $61,370 during the week. The surge in investor interest