Bitcoin, the important actor of crypto currency markets $109,698.36It climbed to the highest level of all time with the US $ 111,970, which it reached four days ago. However, after this summit, it was difficult to hold above $ 110,000 in a short time. In the last 24 -hour period, Bitcoin’s price declined by 1.3 percent and traded at $ 108.379.
Market Analysis and Consolidation Process
According to Bitfinex analysts, Bitcoin’s current price movement is considered as “a healthy consolidation period .. According to the report prepared by the analysts, it is stated that there are structural purchases based on the long -term position accumulation of investors rather than short -term speculative transactions. Investors participate in Bitcoin in a moderate way through transactions on the chain with real capital.
Bitfinex analysts: “The price movement is shaped by the effect of long -term strategic investments rather than short -term fluctuations.”
One of the most important developments that maintain this trend stands out as an intense demand for the Bitcoin ETFs operating in the USA. On the other hand, analysts say that external factors such as trade taxes, which have an impact on global economy, also put pressure on the market.
Corporate Biring in Spot Bitcoin ETFs
Last week, the US -based Spot Bitcoin ETFs became 2.7 billion dollars entry, and the total amount of Bitcoin in these funds reached 1.2 million BTC. This number accounts for about 5.76 percent of the total supply in the market. Blackrock’s IBIT fund became the main driving force of this growth with an introduction of $ 2.4 billion last week.
Today, Blackrock’s IBIT ETF manages 3.1 percent of all Bitcoins on the market and stands out as one of the fastest growing ETFs in history. This shows that corporate investors’ interest in Bitcoin continues.
Blackrock IBIT officials: “Our fund reflects the power of corporate demand and the confidence in the market.”
The largest Bitcoin owners and surprise names
The leading purchases of corporate investors and individual companies continue. In particular, the company led by Michael Saylor, CEO of Microstrategy, has come up with new Bitcoin purchases in recent weeks. However, according to evaluations, the largest Bitcoin owner of the market stands out as neither Blackrock nor Microstrategy.
Satoshi Nakamoto, the mysterious founder of Bitcoin, has a 5.2 percent of Bitcoin’s circulating supply, with its presence of about $ 120 billion. With this amount, Nakamoto is the 11th richest person in the world. Thus, it is stated that the founder has a greater share than all corporate and individual investors.
Arkham: “Satoshi Nakamoto is currently holding 5.2 percent of the Bitcoin supply and is one of the richest in the world with a reserve of $ 120 billion.”
Despite the price fluctuation in recent days and macroeconomic uncertainties, both corporate and individual investors’ interest in Bitcoin. The purchases made by institutions through Spot Bitcoin ETFs are seen as an indicator of the trust in the long term. In particular, the increase in institutional demand indicates that crypto currency markets are increasingly institutionalized. In addition, information that a significant portion of Bitcoin’s supply is still in the hands of leading individual investors such as Satoshi Nakamoto is among the factors that determine the dynamics of the market.
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.
