Spot Bitcoin ETFs see unprecedented trading activity, reflecting a supply shock in the market as Institutional investors flock to ETFs amidst drying OTC markets.STORY HIGHLIGHTSSpot Bitcoin ETF trading volume reaches $3.24 billion, signaling a supply shock surge.Institutional investors drive ETF interest, as traditional markets lose influence over Bitcoin's price.Investors urged to assess technical and fundamental factors for strategic market entry amidst growing institutional participation.Spot Bitcoin ETFs have experienced a significant surge in trading volume recently, reaching a record $3.24 billion. This surge underscores the growing interest in Bitcoin exchange-traded funds and indicates a notable shift in investor sentiment towards the cryptocurrency market.The surge in spot Bitcoin ETF trading volume is indicative of a supply shock within the Bitcoin market. A supply shock occurs when there is a sudden shortage of supply relative to demand, leading to significant price movements. In this case, the influx of funds into spot Bitcoin ETFs exacerbates the supply shock, creating an imbalance between supply and demand dynamics.Recent market trends show Bitcoin’s price surging past $57,000 after nearly two weeks, marking a gain of 9.62%. Notably, Bitcoin’s breakout occurred independently from the S&P 500, highlighting its growing detachment from traditional equities. In 2024, Bitcoin has outperformed both stocks and gold, reaching its highest ratio against gold in over two years. Whale buying remains a significant factor in the Bitcoin market, with large investors continuing to accumulate significant positions.Institutional Investments and Record ETF InflowsInstitutional investments in Bitcoin exchange-traded funds (ETFs) have witnessed a significant uptick in recent times. Institutional players, including hedge funds, asset managers, and corporate treasuries, are increasingly allocating capital to Bitcoin ETFs as part of their investment strategies. This influx of institutional funds into the cryptocurrency market signals a growing acceptance and integration of digital assets into traditional financial systems.The surge in spot Bitcoin ETF trading volume is accompanied by record-breaking levels of institutional interest. Institutional investors are drawn to Bitcoin ETFs due to their regulated and convenient investment structure, providing exposure to Bitcoin without the complexities of holding and securing digital assets directly.Aligning Analysis Amidst Bitcoin AnalystsThe current supply shock in the Bitcoin market holds significant implications for its future trajectory. As demand continues to outpace supply, we can expect further price appreciation and volatility in the Bitcoin market. This supply shock, exacerbated by the influx of funds into Bitcoin ETFs, may lead to sustained upward pressure on prices, presenting both opportunities and challenges for investors and market participants.The ability of major funds to invest in Bitcoin ETFs could amplify the ongoing supply shock. With institutional capital flowing into regulated ETFs, the demand for Bitcoin is likely to increase further, potentially leading to a scarcity of available supply. Additionally, the drying up of over-the-counter (OTC) markets as institutions pivot towards ETFs could exacerbate the supply shortage, driving prices higher and increasing market volatility.#TrendingTopic #BTC #Osmy_CryptoT

Binance's BNB Chain daily active users surge to 1.2 million, shooting 6x in four years. The BNB Coin price eyes rally to $400 and above.STORY HIGHLIGHTSBNB Coin gives a crucial breakout eyeing next move above $400.Binance's BNB Chain shows 6x jump in daily active users in four years.BNB Chain's Layer-2 solution opBNB brings scalability to the platform.While the broader cryptocurrency market faces strong selling pressure, Binance’s native BNB coin has given a 6% surge in the last 24 hours with trading volumes jumping by a staggering 80% to more than $2.54 billion. At press time, Binance Coin (BNB) is trading at $375 with a market cap of $56.11 billion.BNB Chain Crosses 1 Million Active UsersOn Wednesday, February 21, the BNB Chain blog published a report – “BNB Chain & the Web3 Blueprint” – stating that the blockchain network has surpassed 1.2 million active users. This comes despite Binance’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) over the last few months. In the last four years, the total number of active users on the BNB chain has jumped by six times.Throughout 2023, BNB Chain made significant strides, particularly amid heightened activity and a positive shift in the market cycle. Binance Smart Chain, the layer of the BNB ecosystem where smart contracts are executed, along with opBNB, BNB Chain’s Layer-2 solution, showcased their scalability by managing peak throughputs of 2,000 and 4,500 transactions per second, respectively.The report underscores another milestone wherein BSC managed to process a whopping 32 million transactions within a single day, while opBNB achieved a record-breaking 71 million transactions. Moreover, there was an 85% decrease in losses due to hacking and scams, according to AvengerDAO.Binance’s BNB Chain has significantly broadened its infrastructure, incorporating the opBNB Layer-2 solution and the Greenfield storage chain. This move establishes a multi-chain framework catering to the computational and storage requirements of decentralized applications. The overarching goal of the “One BNB” strategy is to foster smooth interactions within the decentralized ecosystem.Binance on Interoperability and ScalabilityIntroduced in September 2023, the opBNB mainnet grows towards enhancing user experiences in decentralized finance (DeFi) and gaming, boasting high throughput and minimal fees. Its ongoing development endeavors to achieve a remarkable 10,000 transactions per second, positioning it as a frontrunner in the Layer-2 solution sphere.In addition, the Binance BNB Chain has rolled out opBNB Connect to bolster large-scale decentralized applications, providing decentralized sequencers, custom gas tokens, and unrestricted bridges to bolster connectivity among Layer 2 solutions.Despite the legal battle, Binance has continued with its zest for supporting new projects. It was quick to announce the integration of Starknet (STRK) amid the recent airdrop.#Write2Earn #TrendingTopic #TopVoices #Osmy_CryptoT #dyor

Bitcoin price ascends to a new all-time high accentuated by the ‘ETF effect’ and pre-halving market sentiment.
STORY HIGHLIGHTS
Bitcoin eyes a daily candle close above $68,000 to sustain the rally this weekend.Dips are likely to keep filling up quickly as investors seek opportunities to buy discounted BTC.A surge in aggregate exchange outflow volume backs the long-term bullish outlook in Bitcoin.
Bitcoin price made another surprise move on Friday during US business hours, where it briefly escaped the sell wall at $69,000 to touch new highs at $70,000. The largest crypto is standing strong despite calls for a retracement, considering the rally from lows under $40,000 in January.
A massive sell wall in the region between $69,000 and $70,000 is the elephant in the room. It is not clear why some investors are selling in the middle of the bull run, however, most of the selling pressure could be coming from old miners.
How To Navigate Bitcoin This Weekend
After a roller-coaster week that saw a remarkable rally above $69,000 earlier in the week followed by an immediate downturn below $60,000, bulls are back, this time with a bang.
Testing its highest level at $70,000 today proves that Bitcoin has the potential to uphold the pre-halving rally further. FOMO is bound to grip retail investors and other small players with every additional milestone Bitcoin achieves.

A robust support has formed between $65,053 and $67,008 according to blockchain analytics by IntoTheBlock.
Approximately 802,000 addresses purchased 687,000 BTC at an average price of $65,960, reinforcing the bullish theory in Bitcoin. The IOMAP shows the absence of significant resistance areas, which could accentuate the rally above $70,000 during the weekend.
On-chain flows from exchanges are also on an upward trend, underscoring the positive sentiment in the market. Following a slight correction to 18,670 BTC on February 18, aggregate exchange outflow volume has increased to 34,410 BTC.
Investors prefer to hold BTC outside exchanges when they have no intention to sell in the near term. Therefore, increased exchange outflows could signal a reduction in selling pressure, thus propping Bitcoin price for another leg up. Generally, it is a factor that helps to shape the long-term bullish outlook in Bitcoin.
Bitcoin Price Rally: The ETF Effect
It is almost two months since the Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs in the US. The ETFs led by the best-performing BlackRock’s IBIT have exceeded expectations, reaching milestones that took gold ETFs many years to achieve.
Something is in the water again, the ten bitcoin ETFs have seen a big day's worth of volume in the first two hours, on pace to beat Tuesday's wild $10b day. $IBIT alone is $2.2b. A billion a day is big boy level, IBIT doing a bil an hour. pic.twitter.com/ihp8p1LIlO— Eric Balchunas (@EricBalchunas) March 8, 2024
With a cumulative total net inflow of $9.37 billion, according to SoSoValue, demand for BTC is growing at an unexpected rate. Sentiment is also holding steady with more players — institutional and retail turning to Bitcoin the crypto as well as the ETF.
Eric Balchunas, Bloomberg’s ETF analyst said in a recent interview that the growth of the ETF is attributed to asset managers willing to buy in, growing retail interest, and the “ETF effect.”
An ETF effect refers to a situation where people anticipate more inflows while booking positions to capitalize on potential price increases. According to Balchunas, IBIT is breaking off from the rest and is likely to end up as the most successful ETF.
How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 YearsIn this episode, @EricBalchunas, senior ETF Analyst at @Bloomberg Intelligence, discussed the performance of #Bitcoin ETFs since their launch two months ago.Balchunas noted that the ETFs’ performance… pic.twitter.com/EUmvlQ4vol— Laura Shin (@laurashin) March 8, 2024
Should Bitcoin close the day above $68,000, traders would be eyeing the next closes above $69,000 and $70,000, respectively to validate the uptrend. Further price movement beyond $70,000 could ignite a parabolic rally toward $100,000 ahead go the halving in April.

#TrendingTopic #BTC #HalvingHorizons #Osmy_CryptoT

The Ethereum Dencun upgrade is just a few days away with whales trying to scoop the ETH supply making large moves.STORY HIGHLIGHTSEthereum whales have been moving ETH in large quantities.ETH price eyes rally to $4,000 ahead of the Dencun upgrade.SEC to take call on fidelity spot Ethereum ETF this week.The world’s second-largest cryptocurrency Ethereum (ETH) has joined the crypto market rally extending its weekly gains to more than 12% and shooting past $3,500. Currently, the Ethereum price is trading up 1.4% trading at $1,475 with a market cap of $416 billion. In the last 24 hours, the Ethereum trading volumes have shot up by 43% to over $16 billion.Smart Whale Makes Move to EthereumInsights provided by on-chain data provider LookonChain reveal a notable shift in whale activity. This individual has transitioned from a bullish stance on Bitcoin ($BTC) to a bullish outlook on Ethereum ($ETH ), marking a strategic pivot in their investment strategy.According to LookonChain’s data, the smart whale executed a series of transactions to capitalize on their new bullish sentiment towards Ethereum. Initially, the investor swapped 1,500 ETH for 88.68 Wrapped Bitcoin (WBTC), equivalent to approximately $4.58 million, at a rate of 0.05913 on February 26.A smart whale changed from bullish on $BTC to bullish on $ETH !He swapped 1,500 $ETH for 88.68 $WBTC ($4.58M) at 0.05913 on Feb 26 to short the ETH/BTC pair.Then swapped 88.68 $WBTC for 1,597 $ETH ($5.57M) at 0.05554 today, making 97 $ETH ($338K).https://t.co/ADQzYPd4pj pic.twitter.com/MhAZBwEv4w— Lookonchain (@lookonchain) March 4, 2024Subsequently, the investor capitalized on the opportunity presented by the fluctuating market dynamics and reversed their position. They exchanged the 88.68 WBTC back to 1,597 ETH, valued at approximately $5.57 million, at a rate of 0.05554 today. This strategic maneuver resulted in a profit of 97 ETH, equivalent to approximately $338,000.All Eyes On Dencun UpgradeThe entire crypto community has been awaiting the launch of the Ethereum Dencun upgrade which is just a few days away from now. The Dencun upgrade will revolutionize Ethereum by significantly reducing the cost and complexity of layer-2 transactions.Once Dencun is launched and settlement contracts across all layer-2 networks are updated within a month or two, gas fees on most layer-2s are expected to decrease substantially—provided that networks pass on these savings to users.This transformation is made possible by “blobs,” a new feature that will introduce a temporary method for data storage on Ethereum through proto-danksharding. Currently, storing data on Ethereum permanently is prohibitively expensive. With proto-danksharding, layer-2 data can be stored temporarily for approximately a month, offering the same level of security at a significantly lower cost.Analysts are expecting that the ETH price can rally further to $4,000 upon the successful implementation of the Dencun upgrade. The primary crypto-related event this week revolves around the SEC’s impending decision on the Fidelity Ethereum spot ETF application. However, the consensus in the market is that it’s highly improbable for the application to be approved.#TrendingTopic #ETH #Osmy_CryptoT

The crypto prices today saw a shift to the 'green' as Bitcoin surged over $43,000 while altcoins registered massive gains.The crypto prices today indicate a complete positive shift since Bitcoin (BTC) has now surpassed the $43,000 mark while several major altcoins are rallying. In addition, Ethereum (ETH), the second-largest crypto by market cap, witnessed a noteworthy upswing today. On the other hand, the Cardano (ADA) price surged nearly 8%.Major Crypto Prices TodayThe Bitcoin price surged past the $43,000 mark recently owing to the recent rebound. The Bitcoin price gained 2.79%, settling at $43,445.14 at the time of reporting on Tuesday, January 30. Moreover, it’s trading volume surged by a massive 34.72% to $22.41 billion in the last 24 hours. Whilst, the crypto held a market cap of $852.14 billionTurning to altcoins, the Ethereum price was up by 1.71% to $2,308.34 at press time with market valuation of $277.44 billion. Furthermore, ETH recorded a 30.01% hike in its trade volume, reaching $9.31 billion. In addition, the Binance Coin (BNB) price gained 1.58% in value, reaching $310.76, while its 24-hour trade volume increased by 8.90% to $839.21 million.On the other hand, the Solana price dose by 4.58%, reaching $101.81. Moreover, SOL soared by 16.22% in trade volume to $2.77 billion in the last 24 hours. Furthermore, the XRP price decline finally came to a halt. The XRP price witnessed an increase of 1.51%, reaching $0.5365. Whilst, XRP’s trading volume spiked by 61.73% to $909.98 million.Meanwhile, the Cardano price surged by 7.58% to $0.5299. Moreover, it recorded a 50.76% increase in its 24-hour trading volume, settling at $510.19 million. Whilst, in the meme coin arena, the Dogecoin price gained by 3.28% to $0.0816 while its rival, Shiba Inu, registered a 2.58% hike and traded at $0.000009279Top Crypto Prices Today ArePepe Coin Registers See-Saw SessionThe Pepe Coin (PEPE), one of the hyped meme cryptocurrencies, witnessed a see-saw trading session today and didn’t register a major change. The Pepe Coin price was up 0.03% to $0.000001057 with a market valuation of $444.75 million. Whilst, its 24-hour trade volume surged by 14.96% to $57.82 million.Pendle Gains Over 17%The Pendle (PENDLE) crypto, a part of the Olympus Pro Ecosystem, registered a massive profit on Tuesday. At press time, the Pendle price was up by 17.61% to $2.66, making Pendle the top gainer in the market today. Moreover, its trade volume skyrocketed by 101.37% to $65.69 million.SUI Gains 15%A Binance Launchpool project, Sui (SUI), witnessed a major uptick today. The SUI price increased by 14.87% to $1.60 at the time of reporting. In addition, its trade volume spiked by a staggering 81.19% to $813.13 million. Moreover, Sui recorded a high of $1.64 during the bullish run.#Write2Earn #Priceanalysis #Osmy_CryptoT #dyor

Dive into the top 5 Cryptos: GALA, BONK, LUNC, JUP, and PYTH, each on the verge of reaching a $1B market cap, showcasing promising growth.STORY HIGHLIGHTSGALA, BONK, LUNC, JUP, PYTH show strong growth, eye $1B cap.Market trends favor innovation, efficiency in rising crypto assets.Investor interest surges as cryptos demonstrate potential, diversity, resilience.5Crypto To Buy Ready Hit $1B Market Cap: Gala (GALA), Bonk ( BONK), TerraClassic (LUNC), Jupiter (JUP), and Pyth Network (PYTH) are making waves in the digital currency ocean, each poised to crest the $1 billion market cap threshold. With bullish trends, innovative technology, and growing investor interest, these tokens represent exciting opportunities in the ever-expanding cryptocurrency universe.1. Gala (GALA)Gala (GALA), the pivotal digital asset of Gala Games, stands as the primary currency for acquiring NFT items. It also serves as the reward for Founder’s Node operators who contribute to the network’s operations. Furthermore, GALA facilitates transaction fees within Gala’s blockchain ecosystem. A daily distribution mechanism is in place, allocating half of the GALA tokens to these operators and the remaining half to the Gala Games conservatorship.In recent developments, GALA has demonstrated a bullish momentum in the trading market. This uptrend is attracting a growing number of investors, thereby boosting its market capitalization significantly. The current price of GALA has reached $0.027870, witnessing a 3.75% increase over the last day. Its position in the CoinMarketCap rankings has climbed to 95, with a live market cap now standing at $774,781,440.2. Bonk (BONK)Bonk (BONK) has carved out a niche within the Solana ecosystem as the inaugural dog-themed digital currency. A notable strategy has been the distribution of half its total supply directly to the Solana community. This approach has elevated BONK’s market capitalization to $808.98 million, showcasing its potential in a market that values sustainability and efficiency.The price of BONK currently sits at $0.00001304, marking a 1% increase. This price movement suggests a favorable opportunity for investors aiming to diversify their portfolios with promising digital assets. As Solana’s popularity continues to rise, BONK is strategically positioned to capitalize on this momentum.3. Terra Classic (LUNC) Terra Classic (LUNC) is on the verge of a market resurgence, showcasing promising bullish patterns. After overcoming a series of challenges, its market stance has stabilized, hinting at an upcoming period of growth. Currently, the market capitalization of Terra Classic hovers around $748 million, with aspirations to breach the $1 billion mark soon.The price of Terra Classic now stands at $0.0001074, marking a slight uplift of 0.78% alongside an impressive 12% increase over the past week. Initiatives such as LUNC token burning and the roll-out of a USTC perpetual contract, coupled with Binance and other exchanges adding new USTC and LUNC trading pairs, have invigorated trading dynamics.4. Jupiter (JUP)Jupiter(JUP), this cryptocurrency, has been riding a wave of upward momentum fueled by a significant buying spree. Jupiter price has climbed to $0.5339, reflecting a 1.23% rise within a mere 24 hours. The surge in market capitalization to $718 million underscores a growing investor enthusiasm, positioning Jupiter at the 83rd spot on CoinMarketCap.5. Pyth Network (PYTH)Pyth Network(PYTH) stands out as the leading and rapidly expanding first-party oracle network. It is revolutionizing the provision of real-time financial market data to decentralized applications across more than 40 blockchains. Pyth offers over 380 price feeds with minimal latency, spanning various asset classes, including cryptocurrencies, stocks, ETFs, foreign exchange pairs, and commodities.Presently, the Pyth Network’s valuation is at $0.615238, with a trading volume of $76,622,988 over the last day. This marks a 3.22% increase, showcasing robust trading activity. The current market cap of PYTH is currently at  $929,230,190, ranking 80th on CoinMarketCap, making it the best altcoin to buy.BottomlineIn conclusion, GALA, BONK, LUNC, JUP, and PYTH are emerging as standout cryptocurrencies, each displaying significant momentum towards surpassing the $1 billion market cap landmark. Their unique propositions, from gaming innovations to blockchain efficiencies, highlight the diversity and nature of the crypto market, promising exciting opportunities for investors keen on exploring new digital frontiers.#Write2Earn #Osmy_CryptoT #TrendingTopic #dyor