KOINBASE KITS Drives to Bitcoin Action Price
The recent action of Bitcoin greatly influence whales on coinbazia, according to the Cryptocuant CEO Young.
At 26. February on X, it noticed her that the dominance of the volume of a tavern, which refers to the share in the total bitcoin (Btc) Spot trading volume appears on the stock exchange, in the past week it increased to exchange.
At the same time, the premium for coinbase BTC, which accompanies the difference in price between bitcoins on coins and other exchanges like binance, others are negative. This suggests that American investors, especially institutional, water and a bull market and recent correction.
Ponating with whale activity on coins, Spot Bitcoin ETFs recorded their greatest day outflow from starting, with $ 937.78 million, February 25 data. This figure has far outdoors the previous record of $ 680 million outflow 19. December 2024. years, increased increased sales pressure of institutional investors.
Meanwhile, a report with 10K research 25. February pointed out that only 44% of ETF inflows in MITCOIN for long-term posture, while others are likely to arbitrage strategies. This suggests that the actual long-term demand for Bitcoin as a means of a portfolio for more funds can be significantly smaller than media narratives.
Current market refund Macroeconomic factors that contribute to the uncertainty in the market have been largely launched. Former American President Donald Trump proposed 25% of tariffs in Canadian and Mexican imports to enter into force in March, encouraging fears of inflation growth.
Despite the correction, Criptokuent CEO remains long-term bulls. At the 19th. February mailHe claimed that Bitcoin’s bull bike was still intact, noting that past cycles saw price drop up to 30% of all time without bear signaling.
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2025-02-26 11:21:00
