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Bitcoin Holds Strong Above $105K Despite Trump’s Bluster Toward Elon Musk
There’s a strange kind of stability in chaos—at least that’s what Bitcoin seems to be telling us right now.
After a whirlwind few days in American politics, former President #TRUMP Donald Trump publicly lashed out at #ElonMuskTalks Elon Musk, calling the tech billionaire “reckless” and “dangerous” in a speech that veered into territory few expected. The surprising part? He tied Musk’s ambitions to “destabilizing financial systems,” clearly hinting at Musk’s historic involvement in crypto advocacy.
And yet, despite the headline noise and geopolitical uncertainty, #BTC走势分析 Bitcoin is holding firm above the $105,000 mark. That’s right—six figures, still steady.
This resilience says something more than price alone. It signals maturity. In past years, a Trump-sized tantrum might’ve knocked BTC down several rungs, especially with Musk in the line of fire. But we’re not in 2021 anymore. The market has grown thicker skin. Whether it’s BlackRock’s #EFT ETF inflows or a new class of institutional believers, the narrative around Bitcoin has shifted from speculative toy to economic force.
Is the Trump-Musk drama relevant? Maybe. But is it market-moving? Not so much—not
anymore.$BTC
After a whirlwind few days in American politics, former President #TRUMP Donald Trump publicly lashed out at #ElonMuskTalks Elon Musk, calling the tech billionaire “reckless” and “dangerous” in a speech that veered into territory few expected. The surprising part? He tied Musk’s ambitions to “destabilizing financial systems,” clearly hinting at Musk’s historic involvement in crypto advocacy.
And yet, despite the headline noise and geopolitical uncertainty, #BTC走势分析 Bitcoin is holding firm above the $105,000 mark. That’s right—six figures, still steady.
This resilience says something more than price alone. It signals maturity. In past years, a Trump-sized tantrum might’ve knocked BTC down several rungs, especially with Musk in the line of fire. But we’re not in 2021 anymore. The market has grown thicker skin. Whether it’s BlackRock’s #EFT ETF inflows or a new class of institutional believers, the narrative around Bitcoin has shifted from speculative toy to economic force.
Is the Trump-Musk drama relevant? Maybe. But is it market-moving? Not so much—not
anymore.$BTC
Bitcoin Holds Strong Above $105K Despite Trump’s Bluster Toward Elon Musk
There’s a strange kind of stability in chaos—at least that’s what Bitcoin seems to be telling us right now.
After a whirlwind few days in American politics, former President #TRUMP Donald Trump publicly lashed out at #ElonMuskTalks Elon Musk, calling the tech billionaire “reckless” and “dangerous” in a speech that veered into territory few expected. The surprising part? He tied Musk’s ambitions to “destabilizing financial systems,” clearly hinting at Musk’s historic involvement in crypto advocacy.
And yet, despite the headline noise and geopolitical uncertainty, Bitcoin is holding firm above the $105,000 mark. That’s right—six figures, still steady.
This resilience says something more than price alone. It signals maturity. In past years, a Trump-sized tantrum might’ve knocked #BTC走势分析 BTC down several rungs, especially with Musk in the line of fire. But we’re not in 2021 anymore. The market has grown thicker skin. Whether it’s BlackRock’s #EFT ETF inflows or a new class of institutional believers, the narrative around Bitcoin has shifted from speculative toy to economic force.
Is the Trump-Musk drama relevant? Maybe. But is it market-moving? Not so much—not anymore.
After a whirlwind few days in American politics, former President #TRUMP Donald Trump publicly lashed out at #ElonMuskTalks Elon Musk, calling the tech billionaire “reckless” and “dangerous” in a speech that veered into territory few expected. The surprising part? He tied Musk’s ambitions to “destabilizing financial systems,” clearly hinting at Musk’s historic involvement in crypto advocacy.
And yet, despite the headline noise and geopolitical uncertainty, Bitcoin is holding firm above the $105,000 mark. That’s right—six figures, still steady.
This resilience says something more than price alone. It signals maturity. In past years, a Trump-sized tantrum might’ve knocked #BTC走势分析 BTC down several rungs, especially with Musk in the line of fire. But we’re not in 2021 anymore. The market has grown thicker skin. Whether it’s BlackRock’s #EFT ETF inflows or a new class of institutional believers, the narrative around Bitcoin has shifted from speculative toy to economic force.
Is the Trump-Musk drama relevant? Maybe. But is it market-moving? Not so much—not anymore.
$150 Million Bitcoin Transfer Caught by Whale Alert – What It Could Mean The cryptocurrency market
$150 Million Bitcoin Transfer Caught by Whale Alert – What It Could Mean
The cryptocurrency market has been experiencing mixed trends, and now a major transaction has caught the attention of investors. On May 27, blockchain tracking service Whale Alert reported that Coinbase, a leading U.S.-based crypto exchange, received a massive Bitcoin transfer worth over $150 million.
According to the data, the transfer involved a total of 1,588 BTC and was split into two separate transactions completed within an hour. The first transaction sent 910 BTC (worth around $100.2 million), while the second moved 678 BTC (worth approximately $74.7 million). Both transfers originated from anonymous wallets.
Should Investors Worry About Selling Pressure?
Such large transfers to exchanges often raise concerns in the crypto community. Typically, when Bitcoin is moved from private wallets to exchanges, it may suggest the sender plans to sell, which can increase market selling pressure.
However, the exact purpose of this transfer remains unclear. It’s possible the owner is simply rebalancing their portfolio or moving assets for security or operational reasons, rather than preparing to sell.
Bitcoin Price Holding Strong
Despite these massive transfers, Bitcoin's price has remained stable—and even slightly increased. According to CoinMarketCap, Bitcoin rose by 1.06% over the last 24 hours, reaching $110,194 at the time of reporting. This is just a 1.59% drop from its all-time high of $111,970, achieved five days earlier.
The continued strength in Bitcoin’s price is largely driven by growing demand for Bitcoin ETFs. Recently, U.Today reported that 7,869 BTC flowed into spot Bitcoin ETFs in a single day, indicating strong investor interest
#BTS #EFT
The cryptocurrency market has been experiencing mixed trends, and now a major transaction has caught the attention of investors. On May 27, blockchain tracking service Whale Alert reported that Coinbase, a leading U.S.-based crypto exchange, received a massive Bitcoin transfer worth over $150 million.
According to the data, the transfer involved a total of 1,588 BTC and was split into two separate transactions completed within an hour. The first transaction sent 910 BTC (worth around $100.2 million), while the second moved 678 BTC (worth approximately $74.7 million). Both transfers originated from anonymous wallets.
Should Investors Worry About Selling Pressure?
Such large transfers to exchanges often raise concerns in the crypto community. Typically, when Bitcoin is moved from private wallets to exchanges, it may suggest the sender plans to sell, which can increase market selling pressure.
However, the exact purpose of this transfer remains unclear. It’s possible the owner is simply rebalancing their portfolio or moving assets for security or operational reasons, rather than preparing to sell.
Bitcoin Price Holding Strong
Despite these massive transfers, Bitcoin's price has remained stable—and even slightly increased. According to CoinMarketCap, Bitcoin rose by 1.06% over the last 24 hours, reaching $110,194 at the time of reporting. This is just a 1.59% drop from its all-time high of $111,970, achieved five days earlier.
The continued strength in Bitcoin’s price is largely driven by growing demand for Bitcoin ETFs. Recently, U.Today reported that 7,869 BTC flowed into spot Bitcoin ETFs in a single day, indicating strong investor interest
#BTS #EFT
Bitcoin ETF Approval Hopes**: The U.S. Securities and exchange 💱 Commission (SEC) is reportedly considering approving a Bitcoin spot ETF, which could significantly boost institutional adoption of Bitcoin. Major financial firms like BlackRock and Fidelity are among those pushing for approval.
#BlackRock #bitcoin #EFT
#BlackRock #bitcoin #EFT
Today's PNL
2025-03-13
+$0
+0.02%
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VanEck and 21Shares’ Solana ETFs Removed from Cboe Website
The disappearance has raised questions about whether the applications have been withdrawn or if they face other challenges.
Missing Application Process and Notices:
VanEck and 21Shares filed their Form 19b-4 petitions on July 8, after submitting their S-1 documents in June.
These forms are essential to the ETF approval process.
The S-1 forms outline a fund’s application, while the 19b-4 is intended to inform the SEC of a proposed rule change by a self-regulatory organization.
After a 19b-4 is filed, the SEC typically opens a 240-day review window.
However, the SEC has yet to issue any filing notices for the Solana ETFs.
The absence of these notices, coupled with the removal of the documents from Cboe’s website, has raised speculation that the applications may have been withdrawn.
This situation has created uncertainty among investors about the future of these ETFs.
VanEck and 21Shares were hoping to capitalize on the growing interest in cryptocurrency-linked ETFs.
However, experts such as Katalin Tischhauser of Sygnum Bank point out that the Solana ETF may not be approved before 2026.
#eft
The disappearance has raised questions about whether the applications have been withdrawn or if they face other challenges.
Missing Application Process and Notices:
VanEck and 21Shares filed their Form 19b-4 petitions on July 8, after submitting their S-1 documents in June.
These forms are essential to the ETF approval process.
The S-1 forms outline a fund’s application, while the 19b-4 is intended to inform the SEC of a proposed rule change by a self-regulatory organization.
After a 19b-4 is filed, the SEC typically opens a 240-day review window.
However, the SEC has yet to issue any filing notices for the Solana ETFs.
The absence of these notices, coupled with the removal of the documents from Cboe’s website, has raised speculation that the applications may have been withdrawn.
This situation has created uncertainty among investors about the future of these ETFs.
VanEck and 21Shares were hoping to capitalize on the growing interest in cryptocurrency-linked ETFs.
However, experts such as Katalin Tischhauser of Sygnum Bank point out that the Solana ETF may not be approved before 2026.
#eft
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Institutional Investors Take Advantage of Ethereum’s Decline, ETF Inflows Rise
Significant Inflows into Ethereum ETFs:
Following a 23% 24-hour drop in Ethereum ETFs in the US saw inflows of $49 million on August 5.
This represents the second-highest day of inflows for the ETFs since their launch, highlighting strong institutional interest despite recent market volatility.
The surge in inflows follows a period of weak inflows, suggesting that institutional investors have taken advantage of the opportunity to buy Ethereum at lower prices.
ETF expert James Seyfart confirmed this trend on August 6, noting that investors in these funds may have taken advantage of the significant drop in Ethereum’s price to increase their investments.
For his part, Matt Hogan, CTO, noted that the majority of investor interest was focused on Ethereum, although there was some interest in buying Bitcoin as well.
BlackRock’s ETHA Fund Leads Inflows: Among Ethereum ETFs, BlackRock’s ETHA Fund stood out with inflows of $47.09 million, bringing its total assets to $760 million.
#etherreum
#eft
$ETH
Significant Inflows into Ethereum ETFs:
Following a 23% 24-hour drop in Ethereum ETFs in the US saw inflows of $49 million on August 5.
This represents the second-highest day of inflows for the ETFs since their launch, highlighting strong institutional interest despite recent market volatility.
The surge in inflows follows a period of weak inflows, suggesting that institutional investors have taken advantage of the opportunity to buy Ethereum at lower prices.
ETF expert James Seyfart confirmed this trend on August 6, noting that investors in these funds may have taken advantage of the significant drop in Ethereum’s price to increase their investments.
For his part, Matt Hogan, CTO, noted that the majority of investor interest was focused on Ethereum, although there was some interest in buying Bitcoin as well.
BlackRock’s ETHA Fund Leads Inflows: Among Ethereum ETFs, BlackRock’s ETHA Fund stood out with inflows of $47.09 million, bringing its total assets to $760 million.
#etherreum
#eft
$ETH
XRP ETF Approval Imminent?! 🚀 82% Odds Say YES! 🤯
📢 Polymarket predicts an 82% chance of an XRP ETF approval! Could this be the catalyst we’ve been waiting for? 🤑
🔥 Key Factors Driving the Hype:
💥 ETF Mania: Grayscale & 21Shares are making big moves!
🇺🇸 Trump Factor: His pro-crypto stance could be a game-changer!
📊 Analyst Predictions: 65% chance by 2025—but Polymarket is ultra-bullish!
🎯 Price Targets: Break $3.34, then aim for the $3.84 ATH!
💰 Institutional money could flood into XRP! But remember—crypto is volatile. ⚠️ Always do your own research! 🧐
🚀 Are you ready for liftoff? Drop your thoughts in the comments!
♥ Like, follow & share! ♥
#EFT
📢 Polymarket predicts an 82% chance of an XRP ETF approval! Could this be the catalyst we’ve been waiting for? 🤑
🔥 Key Factors Driving the Hype:
💥 ETF Mania: Grayscale & 21Shares are making big moves!
🇺🇸 Trump Factor: His pro-crypto stance could be a game-changer!
📊 Analyst Predictions: 65% chance by 2025—but Polymarket is ultra-bullish!
🎯 Price Targets: Break $3.34, then aim for the $3.84 ATH!
💰 Institutional money could flood into XRP! But remember—crypto is volatile. ⚠️ Always do your own research! 🧐
🚀 Are you ready for liftoff? Drop your thoughts in the comments!
♥ Like, follow & share! ♥
#EFT
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Top altcoins to watch. Don't watch and leave. Support us so we can keep spreading 🥰☺️🙏.
$XRP Top Altcoins to Watch: $XRP $SOL, $HBAR, and More During Donald Trump’s ETF.
Donald Trump’s election victory has increased optimism around the top altcoins issued by US-based companies. Additionally, many experts have raised further optimism with anticipation about the rise of cryptocurrency ETFs this year. So, here we explore some of the top altcoins to watch like XRP, SOL, HBAR, and more, amid the ETF buzz. Among the top altcoins to watch right now, as ETF speculation has soared following Donald Trump’s election victory. For context, these leading altcoins have gained massive traction thanks to recent insights from Bloomberg analysts Eric Balchunas and James Seyvart. The analysts have predicted that Litecoin and Hedera ETFs are likely to debut, given their regulatory clarity compared to Solana and XRP. The first wave of crypto ETFs is expected to include dual offerings of Bitcoin and Ethereum, which have already gained traction among institutional investors. Companies like Bitwise, Franklin Templeton, and Hashdex have already filed for these ETFs, signaling their confidence in regulatory approvals. These products could pave the way for altcoin ETFs, especially for assets like Litecoin, which are recognized as a commodity.
Donald Trump’s election victory has increased optimism around the top altcoins issued by US-based companies. Additionally, many experts have raised further optimism with anticipation about the rise of cryptocurrency ETFs this year. So, here we explore some of the top altcoins to watch like XRP, SOL, HBAR, and more, amid the ETF buzz. Among the top altcoins to watch right now, as ETF speculation has soared following Donald Trump’s election victory. For context, these leading altcoins have gained massive traction thanks to recent insights from Bloomberg analysts Eric Balchunas and James Seyvart. The analysts have predicted that Litecoin and Hedera ETFs are likely to debut, given their regulatory clarity compared to Solana and XRP. The first wave of crypto ETFs is expected to include dual offerings of Bitcoin and Ethereum, which have already gained traction among institutional investors. Companies like Bitwise, Franklin Templeton, and Hashdex have already filed for these ETFs, signaling their confidence in regulatory approvals. These products could pave the way for altcoin ETFs, especially for assets like Litecoin, which are recognized as a commodity.
VanEck to launch ‘NODE’ ETF targetting crypto-related stocks on May 14 📈
VanEck is set to debut its new exchange-traded fund under the ticker NODE on May 14, expanding its lineup of crypto-related investment products.
VanEck’s head of digital assets, Matthew Sigel, announced the launch in an April 16 post on X, marking a new step in the company's strategic focus on digital assets.
#EFT #crypto
VanEck is set to debut its new exchange-traded fund under the ticker NODE on May 14, expanding its lineup of crypto-related investment products.
VanEck’s head of digital assets, Matthew Sigel, announced the launch in an April 16 post on X, marking a new step in the company's strategic focus on digital assets.
#EFT #crypto
#TRXETF
Is #TRXETF Gearing Up for a Breakout?
TRXETF is showing signs of consolidation near key levels. Watch closely for a breakout confirmation.
Support: 0.085
Resistance: 0.092
Momentum: Neutral with slight bullish bias
Trade Idea: Buy on breakout above 0.092 with volume
Target 1: 0.096
Target 2: 0.100
Stop Loss: 0.084
Stay alert—momentum could shift fast.
#EFT
#TRX
#TradeSmart
Is #TRXETF Gearing Up for a Breakout?
TRXETF is showing signs of consolidation near key levels. Watch closely for a breakout confirmation.
Support: 0.085
Resistance: 0.092
Momentum: Neutral with slight bullish bias
Trade Idea: Buy on breakout above 0.092 with volume
Target 1: 0.096
Target 2: 0.100
Stop Loss: 0.084
Stay alert—momentum could shift fast.
#EFT
#TRX
#TradeSmart
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Market Reversal: Litecoin Price Rises 16% Amid Growing Institutional Interest
The Litecoin (LTC) price has risen by 16% over the past hours, reflecting renewed investor confidence despite the recent downturn in the cryptocurrency market.
The price reached $123, supported by speculation surrounding the launch of a cryptocurrency-specific Exchange-Traded Fund (ETF).
Activity on the Litecoin network shows an increase in institutional interest, processing $9.6 billion in daily transaction volume, up 243% over the past five months.
According to Bloomberg analysts, the likelihood of the U.S. Securities and Exchange Commission (SEC) approving a Litecoin-based Exchange-Traded Investment Fund is 90%.
“Canary Capital” has already filed for the launch of the fund, and if approved, it could boost institutional demand for the currency.
However, resistance at $140 remains a challenge, while analysts expect a rise to $170 if the upward momentum continues.
But any rejection or delay by the SEC could lead to a decline in sentiment again.
#SEC
#Litecoin
#eft
#ltc
$LTC
The Litecoin (LTC) price has risen by 16% over the past hours, reflecting renewed investor confidence despite the recent downturn in the cryptocurrency market.
The price reached $123, supported by speculation surrounding the launch of a cryptocurrency-specific Exchange-Traded Fund (ETF).
Activity on the Litecoin network shows an increase in institutional interest, processing $9.6 billion in daily transaction volume, up 243% over the past five months.
According to Bloomberg analysts, the likelihood of the U.S. Securities and Exchange Commission (SEC) approving a Litecoin-based Exchange-Traded Investment Fund is 90%.
“Canary Capital” has already filed for the launch of the fund, and if approved, it could boost institutional demand for the currency.
However, resistance at $140 remains a challenge, while analysts expect a rise to $170 if the upward momentum continues.
But any rejection or delay by the SEC could lead to a decline in sentiment again.
#SEC
#Litecoin
#eft
#ltc
$LTC
$BTC 💥🌿🌹🥳Bitcoin breaks $100,000 again as US trade talks fuel crypto rally🥳🌹🌿💥
“Bitcoin's surge to $100K, is primarily macro-driven, fueled by expectations of Fed rate cuts and Trump's vocal push for lower interest rates, which bolsters risk assets. However, the Fed's focus on unemployment and inflation creates uncertainty around actual rate cuts, with Trump's influence adding political but not definitive weight. Strongbut not definitive weight. Strong institutional inflows, ETF demand, and whale accumulation provide solid support for a sustained move higher. However, volatility may arise from tariff concerns or profit-taking at the $100K resistance level. A clear break above this psychological barrier could hinge on consistent economic signals favoring policy easing.”
$BTC
#BTC走势分析 #btcsurge #EFT #TRUMP
“Bitcoin's surge to $100K, is primarily macro-driven, fueled by expectations of Fed rate cuts and Trump's vocal push for lower interest rates, which bolsters risk assets. However, the Fed's focus on unemployment and inflation creates uncertainty around actual rate cuts, with Trump's influence adding political but not definitive weight. Strongbut not definitive weight. Strong institutional inflows, ETF demand, and whale accumulation provide solid support for a sustained move higher. However, volatility may arise from tariff concerns or profit-taking at the $100K resistance level. A clear break above this psychological barrier could hinge on consistent economic signals favoring policy easing.”
$BTC
#BTC走势分析 #btcsurge #EFT #TRUMP
First U.S. XRP Futures ETF Begins Trading on Nasdaq
🚀 Breaking News: First U.S.-Listed XRP Futures ETF Launches on Nasdaq (XRPI)!**
The crypto ETF space just got bigger! Volatility Shares has launched the first non-leveraged U.S.-listed ETF tracking XRP futures, now trading on Nasdaq under the ticker XRPI.
### Key Details:
✅ Portfolio Focus: The fund will invest at least 80% of its assets in XRP futures contracts and other XRP-linked exchange-traded products (ETPs).
💰 Expense Ratio: 0.94% net (after fee waivers).
📈 Growth Potential: A leveraged 2x XRP futures ETF is also in the works, signaling rising institutional interest in XRP-based funds.
### Why It Matters:
🔹 First of Its Kind: This is the first U.S. ETF offering 1:1 exposure to XRP futures, providing a regulated way for investors to gain XRP exposure without direct ownership.
🔹 Market Demand: The success of Teucrium’s XXRP (which has already attracted $121M in AUM) suggests strong demand for XRP-linked investment products.
### What’s Next?
With XRPI now live and a 2x leveraged version on the horizon, the XRP ecosystem is gaining traction in traditional finance. Could this pave the way for even more crypto-linked ETFs?
#XXRP
#EFT
#BinanceAlphaAlert
$XRP
$BTC
$ETH
The crypto ETF space just got bigger! Volatility Shares has launched the first non-leveraged U.S.-listed ETF tracking XRP futures, now trading on Nasdaq under the ticker XRPI.
### Key Details:
✅ Portfolio Focus: The fund will invest at least 80% of its assets in XRP futures contracts and other XRP-linked exchange-traded products (ETPs).
💰 Expense Ratio: 0.94% net (after fee waivers).
📈 Growth Potential: A leveraged 2x XRP futures ETF is also in the works, signaling rising institutional interest in XRP-based funds.
### Why It Matters:
🔹 First of Its Kind: This is the first U.S. ETF offering 1:1 exposure to XRP futures, providing a regulated way for investors to gain XRP exposure without direct ownership.
🔹 Market Demand: The success of Teucrium’s XXRP (which has already attracted $121M in AUM) suggests strong demand for XRP-linked investment products.
### What’s Next?
With XRPI now live and a 2x leveraged version on the horizon, the XRP ecosystem is gaining traction in traditional finance. Could this pave the way for even more crypto-linked ETFs?
#XXRP
#EFT
#BinanceAlphaAlert
$XRP
$BTC
$ETH
PEPE COIN PRICE PREDICTION IN 2025🚨
IT WILL KILL 3 ZERO EASILY🤪
SO MUST BUY PEPE FOR 100X PROFIT💵💵
Pepe Price Prediction – Is Pepe Still Top
PEPE IS MOST SEARCHED COIN IN 2023
In the dynamic world of cryptocurrency, the emergence of Pepe (PEPE) as a prominent meme coin has been one of the noteworthy events of 2023. Launched in the second quarter, it swiftly gained popularity and secured its position as the third most favored meme coin. Paying homage to the iconic online meme, Pepe the Frog, the token has garnered attention and interest from the crypto community.
#BTC; #grok #EFT #xrp
#Write2Earn
IT WILL KILL 3 ZERO EASILY🤪
SO MUST BUY PEPE FOR 100X PROFIT💵💵
Pepe Price Prediction – Is Pepe Still Top
PEPE IS MOST SEARCHED COIN IN 2023
In the dynamic world of cryptocurrency, the emergence of Pepe (PEPE) as a prominent meme coin has been one of the noteworthy events of 2023. Launched in the second quarter, it swiftly gained popularity and secured its position as the third most favored meme coin. Paying homage to the iconic online meme, Pepe the Frog, the token has garnered attention and interest from the crypto community.
#BTC; #grok #EFT #xrp
#Write2Earn
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ETH Withdrawals from Exchanges Rise: Why?
According to data based on the Glassnode platform, a significant increase in Ethereum (ETH) withdrawals from trading platforms has been recorded.
These withdrawals could be driven by investors' obsession with spot ETFs that will be due to enter the market starting on July 23.
Leon Weidman, a cryptocurrency analyst at BTC-ECHO, explained that this trend reflects a strong interest from Ethereum (ETH) investors, as these investors withdraw their assets from trading platforms, which is usually considered a strong bullish indicator.
According to published data, Ethereum (ETH) investors withdrew the equivalent of $126 million from trading platforms within just seven days.
A peak in exchange reserves was recorded after Ethereum (ETH) reached a three-year high above $4,000.
As the hype around spot ETFs increases, Weidman expects a significant rise in the price of Ethereum, indicating that the next rise may be soon.
Ethereum (ETH) is currently trading at $3,500, with a 1% rise over the past 24 hours, with trading volume down 15% to $13.3 billion.
$ETH
$BTC
#ETHETFsApproved
#eft
#ETFvsBTC
According to data based on the Glassnode platform, a significant increase in Ethereum (ETH) withdrawals from trading platforms has been recorded.
These withdrawals could be driven by investors' obsession with spot ETFs that will be due to enter the market starting on July 23.
Leon Weidman, a cryptocurrency analyst at BTC-ECHO, explained that this trend reflects a strong interest from Ethereum (ETH) investors, as these investors withdraw their assets from trading platforms, which is usually considered a strong bullish indicator.
According to published data, Ethereum (ETH) investors withdrew the equivalent of $126 million from trading platforms within just seven days.
A peak in exchange reserves was recorded after Ethereum (ETH) reached a three-year high above $4,000.
As the hype around spot ETFs increases, Weidman expects a significant rise in the price of Ethereum, indicating that the next rise may be soon.
Ethereum (ETH) is currently trading at $3,500, with a 1% rise over the past 24 hours, with trading volume down 15% to $13.3 billion.
$ETH
$BTC
#ETHETFsApproved
#eft
#ETFvsBTC
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