Topic: SPOT bitcoin ETFs popularity : Will it result in ATH before end of 2024 ? - page 2. (Read 256 times)
September 27, 2024, 01:49:52 PM
While this definitely helps, I doubt it will be THE thing leading to an All Time High. It happens every four years and while there is always a 'trend' being during that time frame, it does not mean it is the trend doing the charm. An All Time High around the end of 2024 is pretty much to be expected around this point in time. It has been the course of every cycle, it would not be weird if this repeats now.
September 27, 2024, 01:33:13 PM
SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?
We are only $8000 away from a new ATH. We had 6 months of consolidation with bears attempting to push the price lower. I think there’s a very good chance that we see a new ATH before the end of the year, yes. As you say, Spot ETFs are very popular, they will bring a lot of capital into Bitcoin that hasn't had access until now. We are going much higher
September 27, 2024, 01:29:28 PM
SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?
Since bitcoin can achieve a height of $65,000 by now despite the recent dip that thrown it to around $52,000 dip, we should expect more for all time high between now and the end of the year as the market remains volatile, all these were happening because of the post halving and bitcoin spot ETF experience, even if we couldn't realize this now, it is what we know can come to happen at any point in time.
September 27, 2024, 12:45:05 PM
To some extend, it might be one factor why the price is going to set a new all time high. We have a lot or huge players in the market. So with that they can really influence the price. As reported, it has been in the tune of $2.x Billion and it can growth further.
the ETF deals are handled on a OTC market(of coinbase), which does trickle down to effect the public CEX markets. so it will cause movements, however the elites also have other reserves on the cex markets and they do arbitrage trading across the markets in a circular wash process to control the price so that they dont allow it to go too high too soon.
their bots are still working on algos that dont work when the price peaks above $75k as there is then no historic data of patterns above $75k to plan trades on so they wont want the price to go over $75k too soon as they cant then bot trade for temporary profits, and instead then have to just let the markets play out and go into natural movements until the correction.. so they dont want it happening too soon. they want to maximise profits while the price is low before the predicted 2025 ath
September 27, 2024, 12:35:55 PM
To some extend, it might be one factor why the price is going to set a new all time high. We have a lot or huge players in the market. So with that they can really influence the price. As reported, it has been in the tune of $2.x Billion and it can growth further.
But as I have said, this is just one parameter that we should look, for me the biggest inflow could be coming from retail investors, the average joe like the majority of us who keeps on doing DCA in this cycle and will continue to do so, until we reach that 6 digits that we all have wanting to see.
But as I have said, this is just one parameter that we should look, for me the biggest inflow could be coming from retail investors, the average joe like the majority of us who keeps on doing DCA in this cycle and will continue to do so, until we reach that 6 digits that we all have wanting to see.
September 27, 2024, 12:30:05 PM
As per the news
https://cryptonews.com/news/u-s-spot-bitcoin-etfs-see-record-365m-in-inflows-marking-six-day-winning-streak/
SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?
https://cryptonews.com/news/u-s-spot-bitcoin-etfs-see-record-365m-in-inflows-marking-six-day-winning-streak/
SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?
No. Just because ETF transactions are increasing, it does not mean that Bitcoin will be affected by it, because ETFs are launched by providers with almost the same supply as Bitcoin but with less backing. Unless these ETF providers buy Bitcoin in the amount their users are trading, it might affect the Bitcoin market, but that is unlikely, because these providers buy less Bitcoin than they should and claim that their services offer more secure and guaranteed Bitcoin trading.
September 27, 2024, 11:12:35 AM
blackrock is definitely in moves to strengthen its position of the ETF market, part of it was to solidify its relationship with coinbase, getting coinbase to be more transparent and accountable in regards to the custody of the etf coins.
i beleive coinbase has met blackrocks standards and gained better relations in recent days, so that blackrock can now move forward and increase its holdings to offer out to the secondary market of blackrock etf shares
this means blackrock gets to sell more shares and use those initial share sales income to buy more coin, rinse and repeat
they want to do some serious deals while prices are near value before the 2025 ATH pump. so we will see some price movements but its still not quite time to see a 2024-2028 ATH peak this year, we will still see the ultimate ATH in 2025
i beleive coinbase has met blackrocks standards and gained better relations in recent days, so that blackrock can now move forward and increase its holdings to offer out to the secondary market of blackrock etf shares
this means blackrock gets to sell more shares and use those initial share sales income to buy more coin, rinse and repeat
they want to do some serious deals while prices are near value before the 2025 ATH pump. so we will see some price movements but its still not quite time to see a 2024-2028 ATH peak this year, we will still see the ultimate ATH in 2025
September 27, 2024, 10:56:08 AM
It would have been better if it was generalized and not only referring to United States spot bitcoin ETF to be the reason for the coming all-time high. This is an appropriate time for bull run and not just about ETF. I also think positive news contributed in this also. All I noticed was the positive news everywhere about bitcoin price will be increase speculations everywhere.
September 27, 2024, 10:22:12 AM
As per the news
https://cryptonews.com/news/u-s-spot-bitcoin-etfs-see-record-365m-in-inflows-marking-six-day-winning-streak/
SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?
https://cryptonews.com/news/u-s-spot-bitcoin-etfs-see-record-365m-in-inflows-marking-six-day-winning-streak/
SPOT bitcoin ETFs are getting very popular. Can we see new bitcoin ATH because of this soon ?
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