speldde Bericht
Critical Update: The introduction of Bitcoin ETFs with 11 players approval, consider it as a long-term positive development. Short-term may witness quite a swing, large profit takings and market manipulations.

In short-term, these ETFs are being used to arbitrage Bitcoin through OTC backdoor deals and cash-creation setups for big players. The Grayscale Arb is a particular pain right now causing a lot of this movement so do not let your emotions turmoil the trades.

Meanwhile retail investors are rotating into other assets chasing the latest pump and that is ETH as it's not been in the direct target at this market. Eye on SOL as great chances are there for beautiful swings mostly in your favor.
Critical Update: The introduction of Bitcoin ETFs with 11 players approval, consider it as a long-term positive development. Short-term may witness quite a swing, large profit takings and market manipulations. In short-term, these ETFs are being used to arbitrage Bitcoin through OTC backdoor deals and cash-creation setups for big players. The Grayscale Arb is a particular pain right now causing a lot of this movement so do not let your emotions turmoil the trades. Meanwhile retail investors are rotating into other assets chasing the latest pump and that is ETH as it's not been in the direct target at this market. Eye on SOL as great chances are there for beautiful swings mostly in your favor.
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Actueel
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  • Spot #Bitcoin ETFs have faced significant turmoil due to a persistent streak of outflows, continuing for seven days, with no new inflows throughout the week. This has heightened uncertainty in the Bitcoin community, especially as today's Bitcoin's price has dropped to $54,550, by 10:45am EST marking about a 5% decline over the past week and losing support around the $60,000 level. Major ETF providers like Grayscale, BlackRock, and Fidelity have reported substantial outflows, totaling $211 million on September 5, reflecting growing bearish sentiment among institutional investors. Despite Bitcoin spot ETFs having a total net asset value of about $50 billion since their inception in January, recent stagnation and negative market sentiment have contributed to increased volatility. Additionally, $39.53 million in Bitcoin liquidations over the past 24 hours, primarily from long positions, underscores the challenging market conditions and the dim outlook for a trend reversal in the near term.
    Spot #Bitcoin ETFs have faced significant turmoil due to a persistent streak of outflows, continuing for seven days, with no new inflows throughout the week. This has heightened uncertainty in the Bitcoin community, especially as today's Bitcoin's price has dropped to $54,550, by 10:45am EST marking about a 5% decline over the past week and losing support around the $60,000 level. Major ETF providers like Grayscale, BlackRock, and Fidelity have reported substantial outflows, totaling $211 million on September 5, reflecting growing bearish sentiment among institutional investors. Despite Bitcoin spot ETFs having a total net asset value of about $50 billion since their inception in January, recent stagnation and negative market sentiment have contributed to increased volatility. Additionally, $39.53 million in Bitcoin liquidations over the past 24 hours, primarily from long positions, underscores the challenging market conditions and the dim outlook for a trend reversal in the near term.
    0 Reacties 0 aandelen 791 Views
  • This is an important week of economic data, with the Friday jobs report especially in focus. Economists polled by the Wall Street Journal expect the U.S. to have added 161,000 new jobs in August, up from 114,000 in July, and expect the U.S. unemployment rate to fall to 4.2%, from 4.3% in the previous month.

    Such data is important to watch, as it could determine the short-term direction of bitcoin’s price (#BTCUSD).
    This is an important week of economic data, with the Friday jobs report especially in focus. Economists polled by the Wall Street Journal expect the U.S. to have added 161,000 new jobs in August, up from 114,000 in July, and expect the U.S. unemployment rate to fall to 4.2%, from 4.3% in the previous month. Such data is important to watch, as it could determine the short-term direction of bitcoin’s price (#BTCUSD).
    0 Reacties 0 aandelen 791 Views
  • Narrow range, probably okay for a tinny profit when there's no commission charged. Otherwise not recommended to trade #BTC/USD at tight accumulation range but in high downward pressure. Bulls are quite supportive at lower range but bears are pressing hard at upper range. After the breakout, retest might trigger an upthrust. Yet to see.
    Narrow range, probably okay for a tinny profit when there's no commission charged. Otherwise not recommended to trade #BTC/USD at tight accumulation range but in high downward pressure. Bulls are quite supportive at lower range but bears are pressing hard at upper range. After the breakout, retest might trigger an upthrust. Yet to see.
    0 Reacties 0 aandelen 830 Views
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  • DECRYPT.CO
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