Ah, the grand spectacle of the Bitcoin ballet! Despite a rather theatrical 25% price correction since the dawn of 2025, a staggering majority of investors in the US spot Bitcoin ETFs are clutching their digital assets with the fervor of a child grasping a beloved teddy bear. According to the illustrious data from Bloomberg, a whopping 95% of these investors remain steadfast, their diamond hands glimmering in the face of adversity, as if to say, “What, me worry?”
Bitcoin ETF Holders: The Diamond-Handed Darlings
In a recent tête-à-tête, Bloomberg’s ETF strategist, the ever-astute James Seyffart, divulged that BTC ETF inflows have dipped slightly to a mere $35 billion, down from a dizzying peak of $40 billion. Yet, this represents a remarkable 95% of investor cash holding firm, even as the BTC price pirouetted downwards by a sharp 25%. Not to be outdone, institutional titans like Goldman Sachs flaunt over $1.5 billion in Bitcoin ETF exposure, as if to say, “We’re in it for the long haul!”
At present, the US Bitcoin ETFs are managing a staggering $115 billion in assets, a testament to the resilience of investors and the big players who have taken the plunge into this digital ocean.
Curiously, since mid-February, there have been massive outflows from BTC ETFs, with nearly $5 billion evaporating into the ether. According to the data from Farside Investors, the total outflows on March 13 were a mere $135 million, with only the BlackRock iShares Bitcoin Trust (IBIT) basking in the glow of net inflows of $45.7 million. Talk about a party crasher!
BTC Price: The Relentless Selling Pressure
Amidst the swirling mists of macro uncertainty and the Trump tariff war, Bitcoin and its crypto companions have found themselves under a veritable deluge of selling pressure. Following the US CPI data release on Wednesday, and with inflation cooling like a lukewarm cup of tea, the BTC price made a fleeting ascent above the crucial resistance of $84,000, only to tumble back down like a clumsy acrobat.
As of this very moment, Bitcoin is trading 1.56% down at $81,953, with daily trading volume plummeting by 22% under the $30 billion mark. The Coinglass data reveals that 24-hour liquidations have skyrocketed to $75 million, with a staggering $52 million in long liquidations. Ouch!
Ki Young Ju, the sage CEO of on-chain analytics firm CryptoQuant, has remarked on the current state of Bitcoin demand, noting that it appears “stuck” in a quagmire. Despite the sluggish activity, Ju insists it is “too early to call it a bear market.” Well, that’s a relief, isn’t it? 😅
Long-Term Bitcoin Holders: The Accumulators
In a delightful twist, despite the strong Bitcoin ETF outflows, on-chain data reveals that long-term Bitcoin holders are not just sitting idly by. Prominent crypto analyst Ali Martinez has reported a veritable surge in Bitcoin accumulation by these steadfast holders. According to Martinez, these investors have added over 131,000 BTC to their wallets in the past month alone. Talk about a shopping spree! 🛒
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2025-03-14 10:57