NEW: 🇺🇸 Spot #Bitcoin ETFs bought $5.3 billion worth of bi | TheAmazigh on Binance Square

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NEW: 🇺🇸 Spot #Bitcoin ETFs bought $5.3 billion worth of bitcoin this month, while miners only mined $1.4 billion worth of new bitcoin.  
So much demand, not enough supply 🟢

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This is just a manipulation by the platform because of the large number of futures contracts that are trading at a low price, which pumps liquidity to hit the stop loss

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$BERA This is just a manipulation by the platform because of the large number of futures contracts that are trading at a low price, which pumps liquidity to hit the stop loss, and then the price continues to fall.

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#Bitcoin After you decide to sell 😂

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Here’s my theory on why altcoins haven’t risen to their previous highs, despite Bitcoin hitting new all-time highs, is the massive increase in the number of cryptocurrencies in circulation. According to CoinMarketCap, the number of coins has increased from 10,000 in 2021 to 20,000 in 2023, and that’s not counting meme coins. This inflation in the number of coins has a huge impact on the altcoin market. When a fixed amount of money is available to invest in the cryptocurrency market, it is distributed across a larger number of coins, reducing the amount each coin gets. For example, if $100 is distributed across 10 coins, each coin gets $10. But if the same amount is distributed across 100 coins, each coin gets only $1. This means that altcoins receive less investment, making it harder for them to rise in value. In addition, new coins are constantly being issued, which increases the distribution of investments and makes it difficult for any altcoin to gain enough momentum to reach high levels. For any inquiries, write them in a comment and I will respond to them #BTC #USDT #bitcoin #bnb #ETH

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