Analysts tipped a move to $74K if the US May job report, set for Friday, turns out positive for the market.have ramped up accumulation even as sideway movements persist. Since 13th May, the spot ETFs have recorded over two weeks of consecutive positive net flows.$886.75 million, largely driven by Fidelity’s FBTC’s 378.7 million inflows. The Tuesday demand saw BTC top $71K and was above the level as of press time.
As of June 3rd, BlackRock had 291.5K BTC, which was worth $20.1 billion based on current market prices. Additionally, 21Shares/ARK Invest’s ARKB also recorded significant inflows worth $138.7 million on Tuesday. Surprisingly, even Grayscale’s GBTC saw 28.2 million in inflows., an entrepreneur and analyst, stated that the $74K target was feasible given the ‘lack of sell walls’ on order books across major exchanges., suggested that the move towards $74K or higher could be confirmed after the May US employment data, scheduled for Friday .
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