According to Arkham’s data dated September 9 WisdomTree‘s spot Bitcoin $55,278.30 There was a remarkable movement in the ETF BTCW Bitcoin ETF last week. According to the data, more than 3,500 BTC were moved from the ETF address to an anonymous address.
First Exit from WisdomTree’s Address
According to data provided by Arkham BTCW Bitcoin ETFtransferred 3,653 BTC worth approximately $209.79 million last week. This transfer was made from the ETF address to an anonymous address starting with bc1q9v…. Moreover, this was recorded as the first exit from the ETF address. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
In the USA Spot Bitcoin ETFLooking at the broader context of the ’s, Bloomberg data compiled on September 9 shows that investors withdrew about $1.2 billion from 12 spot Bitcoin ETFs in the seven days leading up to September 6. This significant outflow came at a time when equity and commodity markets were experiencing turbulence due to concerns about economic growth. Despite its weak performance in early September, Bitcoin made a slight recovery over the weekend after falling about 7% and is currently trading above $55,000.
Eyes Turn to External Factors in Bitcoin
Trading Manager at liquidity provider Arbelos Markets Sean McNultyHe suggested that the limited recovery in BTC could be partly due to some prominent names closing their short positions. For example, BitMEX co-founder Arthur HayesMcNulty also supported cryptocurrencies as a Republican presidential candidate Donald TrumpHe noted that the company’s improving position in polls and prediction markets may have played a role in recent market movements.
McNulty met with Trump on Tuesday to discuss Democratic Vice Presidential candidate Trump, who has yet to clarify his stance on cryptocurrencies. Kamala Harris He highlighted that there was an increase in demand for options hedging ahead of the debate between
Co-founder of Orbit Markets, a crypto derivatives trading liquidity provider Caroline Mauron He stated that BTC could remain in the $53,000 to $57,000 range until the latest US inflation data is released on Wednesday.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
