The previous record of just under $37 billion was set in March, when bitcoin hit an all-time high of over $73,000. The jump comes a day after spot bitcoin ETFs extended their net inflows streak to 18 days, also a record. The long-short ratio in BTC futures surpassed 1, meaning there are more positions betting on the price rising than declining. BTC is currently priced at around $71,340, an increase of 0.5% in the last 24 hours. The CoinDesk 20 Index , has dipped by around 0.2%.
Health-care company Semler Scientific, which has previously extended its corporate strategy to buying bitcoin, said on ThursdayThe company's 828 bitcoin were acquired for $57 million and are now worth $59 million, according to market data from CoinDesk Indices. Collectively, publicly listed companies hold 308,442 BTC worth approximately $21.8 billion on their balance sheets, according to
. Semler's announcement in late May that it was purchasing $40 million in bitcoin sent its stock up 25%. SMLR shares have risen just over 3% in pre-market trading.The chart shows the best-fit line between the weekly percentage change in bitcoin's price and the money flow indicator. The latter represents inflows through spot ETFs, stablecoins and futures.
The analysis shows a positive correlation coefficient of 0.60 between the two since the ETFs began trading in mid-January and a coefficient of determination of 0.36. The r2 of 0.36 indicates that inflows through ETFs and other instruments only have moderate influence on bitcoin's price.
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Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »