Larger Cohorts Than U.S. ETFs or MicroStrategy Are Dictating Bitcoin Price: Van Straten
Since September, MicroStrategy and U.S.-listed spot ETFs have accumulated approximately 200,000 bitcoin each.
Since September, MicroStrategy and U.S.-listed spot ETFs have accumulated approximately 200,000 bitcoin each.
The two analysts had their fingers on the pulse of one of crypto’s biggest financial stories of 2024.
The investment interest comes after ether added about 60% in a month.
Since Nov. 20, ETFs have seen over $3 billion in net inflows while open interest on the CME exchange has declined.
The world’s second largest cryptocurrency may begin to outperform given the recent inflection in ETF inflows, the report said.
Improved outlook for the DeFi space and warmer regulatory climate with incoming U.S. administration are main drivers behind the sentiment shift towards ether, LMAX strategist Joel Kruger said.
Donald Trump’s election win may be pressing fast-forward on evvel unheard-of propositions.
There’s something about major psychological price levels, like bitcoin’s (BTC) $100,000 mark. As prices near these thresholds, anything tied to the asset gets an extra spark of energy. The Nasdaq-listed ProShares UltraShort Bitcoin ETF (SBIT) is a …
Donald Trump’s election win may be pressing fast-forward on evvel unheard-of propositions.
Traders are adding leverage on top of an already leveraged MSTR ETF, signaling heightened risk appetite and a build up of speculative excesses.