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Meanwhile, BlackRock has been steadily accumulating.
Outflows are slowing down, Inflows are picking up
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Why Isn't Bitcoin Soaring?
Despite BTC’s rebound from recent lows, it’s not skyrocketing yet. The reason? Short-term holders are cashing out.
These quick-profit takers sell on every price bounce, creating relentless selling pressure that curbs Bitcoin’s upward drive.
While BTC fights to rise, short-term profit-seekers keep dragging it back.
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🇨🇭 Supermarket Giant Spar starts accepting
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📊⛏️ #BTC According to the data, 15 publicly listed Bitcoin mining companies sold over 40% of their mined
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Media is too big
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Bitwise CIO Matt Hougan:
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Bitcoin has surpassed all major assets 60 days post every significant global crisis since 2020!
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Forwarded from Crypto | Bitcoin | Ethereum | Altcoin | News
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"We believe bitcoin is digital gold... we don't want to sell any bitcoin. We want to accumulate as much as we can get."
- White House Adviser Bo Hines
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🇺🇸
This could drive demand for hard assets like Bitcoin if inflation rises.
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🇺🇸 Michael Saylor claims the US could generate $80 trillion by creating a strategic #Bitcoin reserve.
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#BTC exchange inflow momentum is a vital indicator for identifying optimal entry points. Monitoring inflows to exchanges, it suggests holding off for a better entry as inflows stay low.
Patience is crucial for seizing prime opportunities.
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Glassnode:
Bitcoin long-term holders stay in profit, but top buyers may face growing losses as they transition to LTH status, potentially signaling increased market volatility.
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🇺🇸 Arizona's Bitcoin Reserve Bill SB 1373 advances, approved by the House Committee of the Whole.
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