In Brief Bitcoin’s demand skyrockets, with monthly figures leaping from 40,000 to 213,000 BTC, driven by a surge in accumulation. US ETFs excluding GBTC have notably contributed to this demand increase, with their BTC balances growing significantly. The liquidity of Bitcoin has hit historic lows, with current sell-side liquidity estimated to be a bullish future…
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To sum things up Spot Bitcoin ETFs sent off with record volumes, however the market answered with a “sell-the-news” occasion, prompting a cost drop. Coinbase’s OTC work area moves hit record highs, and Bitcoin ETFs are exchanging at a higher cost than expected, mirroring a remarkable crypto market pattern. Short-term traders and major holders selling…
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