5 mo
What Bitcoin needs for a move to $70K ๐ Despite massive fluctuations in Bitcoinโs price, interest in BTC remains high, with a surge in liquidity showcasing growing demand ๐ผ. According to recent data, approximately $1 billion worth of Bitcoin ETF volume was seen each week, totaling $8.11 billion since the launch of the Bitcoin ETF ๐. This week, Bitcoin experienced a 15% retracement from peak to trough, marking the second significant drawdown since the launch of the ETF ๐. The earlier drawdown, occurring at the ETF launch, was 20%. This recent dip provided an opportune moment for major outflows in ETFs, especially after substantial returns since the 11th of January, prompting a...
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