Marathon Digital's Bitcoin holdings have reached an all-time high of 26,200 $BTC. Recently, they added 5,000 $BTC in just a month. Their assets are now worth $1.5 billion. They have been steadily and consistently buying #Bitcoin for several weeks.
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This is another excellent visual example demonstrating the minimal impact of the "Big Three" Bitcoin ETFs ($GBTC, $IBIT, $FBTC) on the price.
Even with significant inflows into these ETFs, price dynamics show no substantial changes over a 7-day period, indicating a lack of direct or immediate correlation between ETF inflows and short-term price movements for the "Big Three" ETFs.
Market sentiment, macroeconomic events, etc., play a more significant role in shaping prices than just ETF inflows.
Even with significant inflows into these ETFs, price dynamics show no substantial changes over a 7-day period, indicating a lack of direct or immediate correlation between ETF inflows and short-term price movements for the "Big Three" ETFs.
Market sentiment, macroeconomic events, etc., play a more significant role in shaping prices than just ETF inflows.
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Ethereum and Bitcoin: estimated leverage across all exchanges.
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