opinion

Two bullish bitcoin analysts predict demand will continue as trading surges

Bitwise CIO Matt Hogan wrote on X (Twitter), "Several bitcoin spot ETFs saw record trading volumes on Tuesday (US time). Demand for ETFs is likely to continue." The Bitwise Bitcoin ETF (BITB) traded 6.3 million shares ($179 million) on Tuesday, according to Yahoo Finance. Trading volume in VanEck and WisdomTree's spot bitcoin ETFs was even higher. Excluding GBTC, U.S. spot bitcoin ETFs saw nearly $2 billion in trading volume. This is the largest volume since the ETFs' first day of trading. Earlier, Coinness reported that the daily trading volume of the VanEck BTC ETF topped $258 million, 14 times the previous average trading volume.

Another bullish analyst, Bloomberg analyst Eric Balchunas, tweeted via X: "Daily trading volume for VanEck Bitcoin ETF (HODL) topped $258 million. That's 14 times the historical average volume." He continued, "I don't know what happened. The number of trades spiked," he said, "and it didn't come from a single institutional investor. There were 30,000 individual trades on HODL, 60 times the average (in terms of number of trades). I don't know how to explain that. I don't know how to explain it, maybe it's Reddit or TikTok influencers recommending trades.

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

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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,

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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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