Spot Bitcoin ETFdemand for their demand does not slow down. On the first trading day of the week, there was a net $ 667 million entry, while Blackrock’s Ishares Bitcoin Trust (IBIT) took part at the top with an introduction of 306 million dollars. On the price side Bitcoin (BTC) $102,915.01 3 percent of the threshold of 105 thousand 500 dollars over the threshold and the “gold intersection” formation approaching the graph has created excitement in the market. This rise, supported by volume increase, shows that corporate interest has become permanent and his eyes turned to new record levels.
Record entries to ETFs significantly reinforce the investor trust
Blackrock’s IBIT In 23 of the last 24 trading day, the fund increased most of the flows to 636 thousand BTCs. With the addition of 2 thousand 910 BTCs daily, the capital has exceeded $ 6.5 billion since the beginning of the year.
Fidelity Data Fidelity in the same session FBTC 188 million dollars to the fund, Ark Invest ARKB The fund shows that there is an entry of $ 155 million. Thus, fresh money flowing from ETF channels to Bitcoin on only four working days reached $ 1.1 billion. This figure is considered as a concrete indicator of the fact that corporate portfolios turn to Bitcoin in the search for “safe harbor”.
The last flow wave of ETFs came despite the change in risk perception after Moody’s reduced the US credit rating. Analysts from stocks of the rise in bond rates Crypto Money MarketNa thinks that he triggers a partial transformation of existence. According to investment managers, keeping bitcoin through spot ETFs provides protection against inflation risk without disturbing the balance sheet structure. This increases the charm of crypto currency -based investment products with regulatory approval every week.
Technical indicators increase the likelihood of a strong rise in Bitcoin
The most important technical signal that attracts the attention of the market is in the “gold intersection” formation, which appears with the preparation of the 50 -day moving average to cut 200 days. Analyst Benjamin CowenHe stated that this formation could be completed within a few days and reminded that similar intersections trigger value in the previous cycles. As the trend in the graphs, most of the purchase orders come from corporate investors who consider short -term corrections as the opportunity to purchase.
The table revealed by the derivative market supports the bulls. Coinglass According to the data, the open position size increased by 7 percent to 73 billion dollars in futures transactions, and the short -45 million dollars of Short liquidation took place in the last 24 hours. Most of the liquidations occurred during the price movement of over 105 thousand dollars. This shows that the sellers are quickly deleted from the market and that buyers seize control.
If the spot is on the side Cryptoquant‘s “Net Volume Delta” indicator of the Binance Exchange returned to the positive. This reveals that sales pressure is alleviated and that transactions based on real Bitcoin delivery are re -weight. Combined with the dissemination of corporate demand to the Spot channel, it is considered that the technical ground is prepared for new peak attempts.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
