In this secret battle over the control of ETFs and BTC, retail investors and institutions walked towards each other, passed each other, and said good night to each other.
JinseFinanceGlobal crypto investment products: $500M outflows, Bitcoin drops 12% post-SEC ETF approval. GBTC faces substantial outflows; spot BTC ETFs see $1.8B inflows. Evolving market dynamics.
EdmundAltcoins, led by Solana, XRP, and Dogecoin, have surpassed Bitcoin in open interest, marking a significant shift in the derivative market. Altcoins now command 41% of the market's open interest, totaling $12.22 billion, while Bitcoin's dominance has decreased to 39%. Ethereum also trails behind, despite increased funds in its futures market. The altcoin market, with a 66% volume dominance, is reshaping investor portfolios, showcasing a paradigm shift in cryptocurrency dynamics.
BerniceJinseFinanceJinseFinanceShort-term holders expanding their BTC holdings suggest that a massive sell-off has occurred.
CointelegraphThe Purpose Bitcoin ETF has increased its holdings of Bitcoin over the past five days, a positive sign that buyers are buying on dips.
CointelegraphCrypto exchange Bybit, with more than 2 million registered users, has become the second largest bitcoin futures exchange by open interest (OI), surpassing the Chicago Mercantile Exchange (CME), according to the latest data from Skew.
链向资讯Analytics provider Glassnode reports that long-term BTC holders are reducing their spending and increasing their positions.
CointelegraphThe latest Bitcoin Mining Council report showed that the mining industry is rapidly adopting sustainable energy sources to secure the largest crypto blockchain.
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