Whale Heralds
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Comparing Bitcoin's price performance from cycle lows reveals a striking similarity across different market conditions. The 2015-16 🔵, 2019-20 🟢, and 2023-24 ⚫️ recovery periods have followed remarkably similar paths. While the reasons behind this pattern are often debated, it provides analysts with an intriguing framework to consider cycle structure and duration. This recurring pattern, despite vastly different market environments, continues to be a focal point for understanding Bitcoin's long-term behavior and potential future trends.
#Bitcoin #BTC
#Bitcoin #BTC
📈 Against the backdrop of a rising #Bitcoin price, capital inflows into Bitcoin-based #ETFs have increased again.
• As of the trading session on October 14, a group of spot ETFs received more than $555 million from investors. This is the largest amount since early June.
• The introduction of such ETFs in the United States opened up the possibility of legally trading Bitcoin in the form of shares on regular brokerage accounts, which triggered capital inflows into the market and became one of the catalysts for the rise in Bitcoin prices in 2024.
• As of the trading session on October 14, a group of spot ETFs received more than $555 million from investors. This is the largest amount since early June.
• The introduction of such ETFs in the United States opened up the possibility of legally trading Bitcoin in the form of shares on regular brokerage accounts, which triggered capital inflows into the market and became one of the catalysts for the rise in Bitcoin prices in 2024.
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