What Bitcoin ETFs and their record volumes tell us about HODLers

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

ETF trading volumes saw a significant surge as the price of BTC rose on the charts. Will BTC 's price be affected positively?

s recent push past the $65,000-level has inspired massive optimism among traders and investors alike. This, despite the minor correction that followed soon after. However, it isn’t just the crypto-market where BTC is making waves. In fact, Wall Street is pretty keen on Bitcoin as well.According to Santiment, seven major Bitcoin ETFs together recorded a trading volume of $5.65 billion, marking their highest volume since 24 March.

However, large investors in the crypto-space, known as whales, did not show similar levels of interest in BTC. AMBCrypto’s examination of Santiment’s data revealed that addresses holding 10-10,000 BTC slowed down their accumulation. On the contrary, retail interest has been on the rise. Investors holding anywhere between 0.001 to 1 BTC were seen accumulating BTC at a high rate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

After Hong Kong Bitcoin ETF, Australia joins the party: Will BTC rise again?Hong Kong spot Bitcoin ETFs trading goes live this week as Australia rushes to jump into BTC ETF frenzy. Will BTC price follow suit?
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin halving price prediction – Identifying BTC’s potential price levelsBitcoin [BTC] finds itself at a crucial juncture now with only a few hours left for the much-anticipated 4th halving. However, according to..
Source: CryptoAmb - 🏆 22. / 68 Read more »

Why Bitcoin price’s road to $70K depends on ETFs and moreThere has been a surge in interest in Bitcoin ETFs, with ETF volumes hitting unprecedented highs. How will BTC be affected?
Source: CryptoAmb - 🏆 22. / 68 Read more »

– Bitcoin’s post halving prediction could see BTC’s price hit $200KThe D-day is finally here - Bitcoin's [BTC] 2024 halving. Despite the excitement, however, the eagerly anticipated event has left its...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin completes its 4th Halving – Will BTC’s price climb by 500x again?In what was anticipated to be a major bullish trigger for the crypto market, Bitcoin [BTC] underwent its halving at block 840,000 on...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin’s post halving correction could pull BTC’s price by 20% IF…A particular on-chain metric of Bitcoin, the MVRV ratio, faced a dip recently alongside prices- here's why it could signal a 20% drop for BTC
Source: CryptoAmb - 🏆 22. / 68 Read more »