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The percentage of Bitcoin investors in profit has dropped by 18% (from 93% at the end of July to the current 75%), coinciding with Bitcoin’s price falling below $50,000. The last time the percentage of BTC addresses in profit was at similar levels was in January, when the price hit a low of $39,000 before rising to $73,000. #15%24Hours #18 #BITCOIN #crash #Investors #profitable #WipesOut

🚨JUST IN: Bitcoin's #Bullish Momentum: Insights from Moving Averages. 🔸 #Bitcoin's 200-day moving average hits $50,178, signaling a bullish long-term trend. 🔸 Despite fluctuations, recent market data and technical indicators suggest significant growth potential. 🔸 Signs of recovery, like Grayscale's spot Bitcoin ETF inflow, point to strengthening investor confidence. https://lnkd.in/dKcJj_eW

Bitcoin Bulls Optimistic as July Begins Market Overview 📊 Bitcoin shows potential for a positive July after a challenging Q2. The first day of the month saw U.S.-listed ETFs record nearly $130 million in inflows, reversing June's $900 million outflows. Historically, Bitcoin averages over 11% gains in July, with positive returns in seven of the last ten years. Currently, Bitcoin trades around $62,600, down 0.15% in the last 24 hours. The CoinDesk 20 Index (CD20) is down by about 0.2%. Investor Activity 💰 Professional investors withdrew over $120 million from ether-tracked exchange-traded products in the past two weeks. However, multiasset and Bitcoin ETPs saw inflows of $18 million and $10 million, respectively, indicating a potential sentiment shift. Ether ETFs and Market Sentiment 📈 Spot ether ETFs in the U.S. are nearing availability after SEC approval. Gemini projects these ETFs could see net inflows of $5 billion in the first six months, potentially increasing the total AUM for spot ETH ETFs to $13-$15 billion. This could improve ether's market value relative to Bitcoin, which is currently near multiyear lows. The favorable risk-reward scenario suggests a potential ETH catch-up trade in the coming months. ➡️ Read more at https://lnkd.in/dpiWHpQQ #Bitcoin #Crypto #BTC #Ethereum #ETH #ETFs #Investing #CryptoMarket #Trading #MarketUpdate #CryptoInvesting #FinancialNews #Blockchain

Bitcoin’s Recovery: BTC Market Share Falls, Altcoins Rise, and Traditional Investors Return to Bitcoin ETFs #cryptonews - Bitcoin (BTC) shows signs of recovery at $97,585, even as its market share fell to 56.75%. In the early hours, Bitcoin briefly broke through the $98,000 mark. Bitcoin’s 24-hour <a href="" class="btn btn-link">Continue Reading</a> https://lnkd.in/dUpAHPPs

In October 2024, Bitcoin showed impressive growth, starting at $63,000 and climbing steadily throughout the month. Midway, it peaked near $74,000 before a slight correction brought it to a close at approximately $71,961. This upward trend is consistent with Bitcoin's historical Q4 strength in halving years, where reduced supply and increased investor anticipation are set to drive prices up. Institutional interest was a key factor, with record inflows into Bitcoin ETFs, indicating growing confidence from large investors. The Crypto Fear and Greed Index mirrored this optimism, moving from a "Neutral" stance at the beginning of the month to "Extreme Greed" by the end, with a high score of 77. This increase highlights the strong bullish sentiment, as more investors viewed Bitcoin as an attractive asset amid broader economic uncertainties. 🔗For a deeper analysis, visit our website. [Link in comments] #Bitcoin

Bitcoin's Open Interest Swells to A Record High $39 Billion Derivatives traders are showing increased confidence in Bitcoin, with open interest in the cryptocurrency reaching a record $38.76 billion, a 6.7% rise from the previous peak of $36.31 billion in March, according to Coinglass. Additionally, Bitcoin spot ETFs recorded their second-highest net inflows of the year earlier this week. This surge in open interest is a strong positive indicator for Bitcoin's potential price action. High open interest reflects a larger number of traders opening positions, signifying heightened interest and activity, which can drive prices up. Such significant rises in open interest often suggest that traders are placing more long positions, thereby creating upward pressure on the price. Moreover, higher open interest contributes to increased liquidity and market depth. This makes it easier for large trades to be executed without causing significant price fluctuations, thus attracting even more investors. The record high open interest also signals greater involvement from institutional investors, who bring substantial capital and tend to have a long-term investment horizon, which supports sustained price increases. New highs in open interest often indicate strong momentum behind the current trend, suggesting that the upward trend will continue. This further boosts buying activity, reinforcing the positive market sentiment. Overall, the record-high open interest in Bitcoin reflects strong and growing confidence in the market, suggesting favorable conditions for potential price increases. #cme #openinterest #bitcoin #futures #etfs #crypto image source: CNBC

Bitcoin has surged by approximately 6% to surpass $67,500, marking its highest level since November 10, 2021. It is currently only around 2% away from its all-time high of nearly $69,000, which was reached during a brief spike in 2021. This rally seems achievable given that bitcoin has experienced a remarkable increase of over 50% in just the past month. The primary driver behind this latest surge is the continued optimism surrounding spot bitcoin exchange-traded funds (ETFs) introduced earlier this year. These ETFs now manage almost $50 billion in assets and possess 4% of all bitcoins, as per data from Bernstein. Additionally, anticipation surrounding an upcoming "halving" event, which historically results in higher bitcoin prices due to decreased incentives for miners and a perceived slowdown in supply growth, has contributed to the positive sentiment. Furthermore, a general uptick in equity prices has also played a role in boosting bitcoin's value.

BITCOIN TO REACH MARKET CAP OF AT LEAST $8 TRILLION - VANECK CEO - The CEO of Bitcoin ETF issuer VanEck has shared a very bullish prediction on the potential appreciation of BTC over the coming years. - As widely reported, Jan Van Eck believes that the market cap of $BTC will reach at least half that of Gold (currently the world’s largest asset) in the next 5-10 years. - For context, Gold’s current market cap is estimated at around $15.92 trillion… - … meaning that for Van Eck’s prediction to come true, #Bitcoin would need to reach a total valuation of nearly $8 trillion. - At time of writing, Bitcoin’s market cap stands at just shy of $1.4 million, meaning a climb to $8 trillion would translate to a nearly 6x increase from current levels. - Interestingly, Bitcoin is now the world’s 9th largest asset, behind Silver which boasts a market cap of around $1.6 trillion, Bitcoin already having flipped it for size at points in 2024. Image: ETF Stream

Top 3 Reasons Why Bitcoin is Down Today - Coinpedia: Bitcoin dips from miner, ETF sales & stablecoin stagnation. $62400 support pivotal amid volatility. Insight on why Crypto Market Is Down Today.

Bitcoin’s Skyrocketing: Could $100K Be Next? Bitcoin just surged to nearly $82,000 – and it shows no signs of slowing down! Predictions are already buzzing about a $100K milestone by year’s end. But can the bulls keep charging forward, or is a retracement just around the corner? Key Highlights: 🔹 Massive ETF Inflows: U.S. Spot Bitcoin ETFs just snapped up a jaw-dropping $2 billion in BTC within two days! 🔹 Institutions Choose BTC Over Gold: Blackrock’s Bitcoin ETF has now outpaced its Gold ETF as institutional demand for BTC skyrockets. 🔹 Extreme Greed Alert: Fear & Greed Index is at 76—it's FOMO time! With Fibonacci levels pointing toward $83,900 and even $88,900 next, can we realistically see $100K by Christmas? This could be a defining moment for Bitcoin’s place in the global economy. Share your thoughts below!👇 Is Bitcoin’s next stop six figures, or are we due for a breather? Visit bankto.io #BitcoinRally #Bankto #CryptoTo100K #Bitcoin #BitcoinBullRun #BTC #Crypto