opinion

Bitcoin spot ETF firms are increasing their holdings and trading volumes are rising accordingly.

As Bloomberg analyst Eric Balchunas notes, "Daily trading volume in BlackRock's IBIT bitcoin spot ETF rose to $1.3 billion on Sunday (local time) after rising yesterday. That's more than most large-cap U.S. stocks," he said. "I'm not sure if this is some kind of HODL-induced short-term profit burst or a natural rally," he added. According to another research group, LookOnChain, the BTC holdings of nine U.S.-traded bitcoin spot ETFs increased by about 8,980 BTC on Feb. 27. BlackRock's ETF added 2,051 BTC and Fidelity's ETF added 4,460 BTC. Meanwhile, Grayscale's GBTC reduced its bitcoin holdings by 921 BTC on the day. This is down from 1,090 BTC the previous day.

Bitcoin recovers $64,000 price after 42-day Bitcoin correction, absorbing more than $3 billion in selling pressure

BTC has regained $64,000, according to Coinness Market Monitor. On the Binance USDT market, BTC is trading at $64,102.48. "Bitcoin has completed a 25.6% correction that lasted 42 days," an anonymous crypto trader, Rekt Capital, told X. "It's been a long

blockchain crypto cryptocurrency Altcoins have topped out (SpotedCrypto)

Andrew Kang: "Altcoins have topped out, except for some memes"

As Andrew Kang, co-founder of crypto investment firm Mechanism Capital, recently told X, "A common mistake crypto investors make is buying too quickly when an uptrend turns down. The correction is longer and deeper than most people expect. When the majority are liquidating and questioning that crypto is dead,

blockchain crypto cryptocurrency michael saylor btc rise to 10m (Spoted Crypto)

Michael Saylor "BTC to rise to $10 million"

Michael Saylor, founder of MicroStrategy, which holds the most Bitcoin by a single company, said in a YouTube podcast that "Bitcoin will go to $10 million". "BTC is the perfect money, it's economically immortal. Economics is a quasi-religious humanities discipline, full of people's

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