Why Bitcoin ETFs matter

in #leofinance5 months ago

Hello!

I've not been writing for a while, the market has been boring lately. We are in an accumulation phase prior to the bull market. I use to say that this is the last chance to buy cheap Bitcoin.

Everything will blow up in the coming months, don't say we were lucky!

Take a look at what happened yesterday with the Bitcoin ETF flow chart:

Holy shit!

THEY ARE BACK!

And they are back buying at full force.

Bictoin have an interesting dynamic, people want to buy it when it's exploding, and they want to sell it when it's consolidating. I've never understood this approach.

17 straight days of inflows

This consolidation phase of the Bitcoin price was followed by 17 straight days of inflows. There were a lot of sellers that put pressure for lower prices, but at some point they will get exhausted. Our time to shine is getting closer and closer!

Bitcoin and Hive will shine this 2024, I love the bull market memories. Can't wait to feel them again at full force.


Why Bitcoin ETFs matter

Adam Back (@adam3us at twitter) published a tweet with this image:

The image is self explanatory, they matter a lot!
We are about to break the short positions soon!

Take a seat and enjoy the journey!

Have a great day.

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Wow so true, the Bitcoin ETFs are definitely a game-changer for crypto world. To me it's interesting how people's buying habits shift. Accumulation periods are often overlooked, but they hold so much potential.

Agree!

I love the bull market memories too. That's a lot of BTC that's been swallowed by the ETF purchases.

And they will suck mooooooooooooooooore soon!
Enjoy the journey my friend.

Enjoy it too, thanks for all the support

Thank you too!