The Week On-Chain 47, 2024
Bitcoin continues to relentlessly establish #new #ATHs, supported by robust capital inflows from both ETFs and the Spot Market, with over $62.9B entering the market over the last 30 days. As the #market proceeds to heat up, Long-Term Holder spending begins to rise in tandem.
Executive Summary
- Bitcoin’s rally to $93k has been fuelled by robust #capital inflows from both ETFs, and spot markets. Over $62.9B has entered the market over the last 30 days, with BTC dominating the demand inflows.
- Elevated unrealized #profits among long-term holders have triggered significant spending activity, with 128k #BTC sold between 8-October and 13-November.
- U.S. Spot ETFs played a pivotal role, absorbing around 90% of the selling pressure from long-term #holders over the analyzed period. This highlights the growing importance of the #ETFs in maintaining liquidity, and stabilizing the market.
The Week On-Chain newsletter.
Bitcoin continues to relentlessly establish #new #ATHs, supported by robust capital inflows from both ETFs and the Spot Market, with over $62.9B entering the market over the last 30 days. As the #market proceeds to heat up, Long-Term Holder spending begins to rise in tandem.
Executive Summary
- Bitcoin’s rally to $93k has been fuelled by robust #capital inflows from both ETFs, and spot markets. Over $62.9B has entered the market over the last 30 days, with BTC dominating the demand inflows.
- Elevated unrealized #profits among long-term holders have triggered significant spending activity, with 128k #BTC sold between 8-October and 13-November.
- U.S. Spot ETFs played a pivotal role, absorbing around 90% of the selling pressure from long-term #holders over the analyzed period. This highlights the growing importance of the #ETFs in maintaining liquidity, and stabilizing the market.
The Week On-Chain newsletter.
Max Keiser
RT TFTC21: A report by River
shows #businesses are now
putting 22% of their #profits
into #bitcoin in 2025.
RT TFTC21: A report by River
shows #businesses are now
putting 22% of their #profits
into #bitcoin in 2025.