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Bitcoin\u2019s<\/a> impressive run continues, with a 23% gain over the past three weeks, pushing its value from $52,500 to over $65,000. <\/strong><\/p>\n A key driver of this momentum is the growing demand for the Bitcoin Spot ETF.<\/p>\n Important Charts for Tracking Bullish Momentum<\/p>\n Bitcoin has risen over 23% in the past three weeks, from $52,500 to over $65,000.<\/p>\n Let\u2019s dive into the key metrics ????<\/p>\n \u2014 CryptoQuant.com (@cryptoquant_com) September 29, 2024<\/a><\/p>\n<\/blockquote>\n Last week saw significant inflows into Bitcoin ETFs, with BlackRock, Fidelity, and Ark reporting combined inflows of $324 million on September 26th. This surge in demand from U.S. investors has propelled Short-Term Holders back into profit.<\/p>\n However, caution is warranted as the futures market shows signs of overheating. Open Interest has reached $19.1 billion, a level surpassed only six times since March 2024, each preceding a price drop.<\/p>\n Meanwhile, Spot Bitcoin ETF holdings are transitioning to Long-Term Holder Supply as coins pass the 155-day mark. While this shift may appear bullish, it often occurs in the late stages of a bull market.<\/p>\n Another notable development is the growing demand for Bitcoin yield, driven by Coinbase\u2019s new Bitcoin-pegged token, $cbBTC. Currently, 1% of Bitcoin\u2019s supply is locked in DeFi.<\/p>\n 1% of Bitcoin\u2019s supply is now locked in DeFi, driven by growing demand for Bitcoin yield and Coinbase\u2019s new Bitcoin-pegged token, $cbBTC<\/a> pic.twitter.com\/e7mbo4FLJS<\/a><\/p>\n \u2014 IntoTheBlock (@intotheblock) September 29, 2024<\/a><\/p>\n<\/blockquote>\n \u2013 BlackRock ETF IBIT: $499 million<\/strong> Last week (September 23 to September 27), Bitcoin spot ETFs had a net inflow of US$1.11 billion last week. BlackRock ETF IBIT had an inflow of US$499 million, and 21Shares Bitcoin ETF ARKB had an inflow of US$269 million. https:\/\/t.co\/YanotfbWiJ<\/a><\/p>\n \u2014 Wu Blockchain (@WuBlockchain) September 30, 2024<\/a><\/p>\n<\/blockquote>\n As Bitcoin\u2019s momentum continues, keep an eye on these key metrics:<\/p>\n \u2013 ETF demand<\/strong> Will Bitcoin\u2019s upward trajectory sustain, or will market dynamics shift? Stay informed to make informed decisions.<\/p>\n Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.<\/i><\/p>\n Follow us on Twitter\u00a0<\/b>@nulltxnews<\/b><\/a>\u00a0to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and\u00a0<\/b>Metaverse news<\/b><\/a>!<\/b><\/p>\n<\/p><\/div>\n<\/p><\/div>\n <\/main><\/p><\/div>\n\n
Bitcoins Bitcoin Spot ETFs Holdings Positions For Long-term Holder Supply\u00a0<\/strong><\/h2>\n
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ETF Inflows:<\/strong><\/h3>\n
\n\u2013 21Shares Bitcoin ETF ARKB: $269 million<\/strong>
\n\u2013 Total net inflow: $1.11 billion (September 23-27)<\/strong><\/p>\n\n
\n\u2013 Futures market overheating<\/strong>
\n\u2013 Long-Term Holder Supply shifts<\/strong>
\n\u2013 DeFi growth<\/strong><\/p>\n