Bitcoin

Grayscale Bitcoin Trust

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/resilience-in-bitcoin-wallet-growth-and-bullish-stance-amid-market-downturn" rel="noopener noreferrer nofollow">Resilience in Bitcoin: Wallet Growth and Bullish Stance Amid Market Downturn</a><br></p>
<p style="text-align: justify">Despite a significant price drop following the approval of spot ETFs, <a href="https://en.bitcoinhaber.net/crypto-capo-shares-latest-analysis-and-predictions-for-bitcoin-and-altcoins" rel="noopener noreferrer nofollow">Bitcoin</a> has witnessed an increase in wallet numbers. Investors have shown skepticism, but the latest data suggests a different trend.</p>
<h2 id="increasing-wallet-count-in-bitcoin">Increasing Wallet Count in Bitcoin</h2>
<p style="text-align: justify">Market analysts have noted ongoing large Bitcoin accumulations, with CryptoQuant reporting a rise in wallets holding 1,000 to 10,000 Bitcoins in January. This uptick occurred despite a 12% price decrease since the ETF approval peak.</p>
<p style="text-align: justify">IntoTheBlock data indicates that whale investors have expanded their holdings by 76,000 Bitcoins since the year’s start, valued at over $3 billion. Following spot ETF approvals, substantial capital inflows were anticipated, with predictions of Bitcoin reaching $100,000 by year-end and nearing $200,000 by 2025.</p>
<p style="text-align: justify">The optimistic outlook may encourage seasoned investors to overlook short-term fluctuations and maintain their Bitcoin accumulations. Whale accounts on Binance, for instance, show over 60% holding long positions in BTC, reflecting a bullish sentiment.</p>
<p style="text-align: justify">Despite a $255 million net exit from the Grayscale Bitcoin Trust ETF, other ETFs experienced a net inflow of $269 million. Since their inception, spot ETFs have garnered $756 million as of January 26, while GBTC has seen over $5 billion in outflows.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/resilience-in-bitcoin-wallet-growth-and-bullish-stance-amid-market-downturn" rel="noopener noreferrer nofollow">Resilience in Bitcoin: Wallet Growth and Bullish Stance Amid Market Downturn</a></h5>

Resilience in Bitcoin: Wallet Growth and Bullish Stance Amid Market Downturn

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