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#BTCNextMove $BTC đŞ
Current price $98,000 âď¸
đBitcoin is trending very weak, it could go up to $100,000, $101,000 and then fall. Right now, the trend is bearish, I'll let you know if the trend changesâ¤ď¸$BTC #BTCMarket #BinanceSquareFamily
Current price $98,000 âď¸
đBitcoin is trending very weak, it could go up to $100,000, $101,000 and then fall. Right now, the trend is bearish, I'll let you know if the trend changesâ¤ď¸$BTC #BTCMarket #BinanceSquareFamily
The funds have purchased 1,104,534Â BTCÂ since January, surpassing the 1,100,000 in Satoshiâs public addresses.
U.S. Spot ETFs Surpass Satoshi in Bitcoin Held
The spot bitcoin ETFs approved by the SEC earlier this year now collectively hold more bitcoin (BTC) than anyone else in the world, including Bitcoin inventor Satoshi Nakamoto himself, according to data from industry insiders.
Bloomberg Senior ETF Analyst Eric Balchunas posted data on X showing that U.S. spot bitcoin ETFs now hold 1,104,534Â BTC, slightly more than the estimated 1,100,000 bitcoin in Satoshiâs wallets.
Largest bitcoin holders (Eric Balchunas/X)
Investment firm Hashdex converted its futures fund into a spot bitcoin ETF fund in March and was not included in Balchunasâs total. Hashdexâs ETF which trades under the ticker DEFI currently has 147.85 BTC according to its prospectus.
Blackrock, the largest investment manager in the world, holds nearly half of all the bitcoin purchased by the ETFs in its iShares Bitcoin Trust (IBIT) â a staggering 521,375Â BTC.
âTheyâre not even a year old yet, literally babies still. Mind blowing,â Balchunas said, referring to the nascency of the ETFs.
With the dominant cryptocurrency crossing the $100,000 barrier on Wednesday and now being held in large amounts by the largest and most prestigious Wall Street firms, many like Balchunas are celebrating, but others warn of a cautionary tale.
Longtime Bitcoin Core Developer and Maintainer Jonas Schnelli responded to Balchunas with a chilling rebuttal.
âThis is not something to celebrate,â Schnelli said. âItâs a dangerous sign of centralization â exactly what Bitcoin was designed to prevent.â
#BTCmarket
U.S. Spot ETFs Surpass Satoshi in Bitcoin Held
The spot bitcoin ETFs approved by the SEC earlier this year now collectively hold more bitcoin (BTC) than anyone else in the world, including Bitcoin inventor Satoshi Nakamoto himself, according to data from industry insiders.
Bloomberg Senior ETF Analyst Eric Balchunas posted data on X showing that U.S. spot bitcoin ETFs now hold 1,104,534Â BTC, slightly more than the estimated 1,100,000 bitcoin in Satoshiâs wallets.
Largest bitcoin holders (Eric Balchunas/X)
Investment firm Hashdex converted its futures fund into a spot bitcoin ETF fund in March and was not included in Balchunasâs total. Hashdexâs ETF which trades under the ticker DEFI currently has 147.85 BTC according to its prospectus.
Blackrock, the largest investment manager in the world, holds nearly half of all the bitcoin purchased by the ETFs in its iShares Bitcoin Trust (IBIT) â a staggering 521,375Â BTC.
âTheyâre not even a year old yet, literally babies still. Mind blowing,â Balchunas said, referring to the nascency of the ETFs.
With the dominant cryptocurrency crossing the $100,000 barrier on Wednesday and now being held in large amounts by the largest and most prestigious Wall Street firms, many like Balchunas are celebrating, but others warn of a cautionary tale.
Longtime Bitcoin Core Developer and Maintainer Jonas Schnelli responded to Balchunas with a chilling rebuttal.
âThis is not something to celebrate,â Schnelli said. âItâs a dangerous sign of centralization â exactly what Bitcoin was designed to prevent.â
#BTCmarket
Bitcoin (BTC) Price Update 2024: Trends and Market Analysis
Bitcoin price hits $101,754.37, with a 24h high of $102,650 and low of $99,700. How does this trend affect traders? Detailed market insights here.
Bitcoin (BTC) Market Update: December 2024
Bitcoinâs current price stands at $101,754.37, reflecting a 1.51% gain in the past 24 hours. During this period, BTC traded between a 24h low of $99,700 and a 24h high of $102,650, indicating an upward trend with intermittent corrections.
Market Overview:
24h High: $102,650.0024h Low: $99,700.0024h Volume: 22,315.36 BTC (~2.26 billion USDT)
The chart shows consistent fluctuations with a notable rise followed by minor pullbacks. This trend highlights increased buyer activity while sellers are attempting short-term profit-taking.
Why is BTC Price Moving?
Several factors are influencing BTCâs price movements:
1. Increased Trading Volume: Higher liquidity often signals strong market interest.
2. Investor Sentiment: Long-term investors remain optimistic about BTCâs future performance.
3. Macroeconomic Factors: Global economic events and institutional interest are driving momentum.
Insights for Traders:
1. Long-term Investors: Bitcoinâs current range can be seen as a buying opportunity for holding positions.
2. Short-term Traders: Monitoring support levels around $99,700 and resistance near $102,650 can help execute profitable trades.
Conclusion:
The BTC price movement showcases both growth potential and volatility. Traders should remain cautious, rely on technical analysis, and monitor market indicators closely to capitalize on these trends. Whether for long-term holding or short-term trading, Bitcoinâs performance in December 2024 is offering promising opportunities for strategic investors.
#2024bitcoinzone #BTCâ #Btcpricealert #BTCMarket $BTC
Bitcoin (BTC) Market Update: December 2024
Bitcoinâs current price stands at $101,754.37, reflecting a 1.51% gain in the past 24 hours. During this period, BTC traded between a 24h low of $99,700 and a 24h high of $102,650, indicating an upward trend with intermittent corrections.
Market Overview:
24h High: $102,650.0024h Low: $99,700.0024h Volume: 22,315.36 BTC (~2.26 billion USDT)
The chart shows consistent fluctuations with a notable rise followed by minor pullbacks. This trend highlights increased buyer activity while sellers are attempting short-term profit-taking.
Why is BTC Price Moving?
Several factors are influencing BTCâs price movements:
1. Increased Trading Volume: Higher liquidity often signals strong market interest.
2. Investor Sentiment: Long-term investors remain optimistic about BTCâs future performance.
3. Macroeconomic Factors: Global economic events and institutional interest are driving momentum.
Insights for Traders:
1. Long-term Investors: Bitcoinâs current range can be seen as a buying opportunity for holding positions.
2. Short-term Traders: Monitoring support levels around $99,700 and resistance near $102,650 can help execute profitable trades.
Conclusion:
The BTC price movement showcases both growth potential and volatility. Traders should remain cautious, rely on technical analysis, and monitor market indicators closely to capitalize on these trends. Whether for long-term holding or short-term trading, Bitcoinâs performance in December 2024 is offering promising opportunities for strategic investors.
#2024bitcoinzone #BTCâ #Btcpricealert #BTCMarket $BTC