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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-whales-show-renewed-interest-as-prices-surge/" data-wpel-link="internal">Bitcoin Whales Show Renewed Interest as Prices Surge</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-ralli-hazirliginda-unlu-analist-bitcoin-ve-ethereumda-yeni-ath-bekliyor" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/binance-yeni-kampanyasi-ile-5-000-dolar-odul-dagitiyor" data-wpel-link="internal">BTC</a>)</strong> prices have sparked a new interest among whales following significant activity on Wednesday. Last week, <a href="https://en.coin-turk.com/analyst-evaluating-bitcoins-current-state-points-to-critical-levels-can-btc-continue-its-rise/" data-wpel-link="internal">BTC</a> reversed its trend from the $60,000 support level and touched $72,000 this week before temporarily dipping below $70,000.</p> 
<h2 id="current-state-of-bitcoin-etfs">Current State of Bitcoin ETFs</h2> 
<p style="text-align: justify">However, due to new demand for <a href="https://en.coin-turk.com/bitcoin-poised-for-major-price-surge-analyst-kevin-svenson-predicts/" data-wpel-link="internal">Bitcoin</a> <strong>ETFs</strong> and high-risk appetite among whales, the price is trading around $70,500 on Thursday. At the time of writing, Bitcoin’s price is stable with a 0.22% increase over 24 hours. According to <strong>CoinMarketCap</strong>, a 27% increase in trading volume to $43 billion underscores the growing interest among investors.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-334525 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/IMG_8527.jpeg" alt="" width="2048" height="1430"></p> 
<h2 id="analytics-reports-on-btc-etfs">Analytics Reports on BTC ETFs</h2> 
<p style="text-align: justify">Fidelity’s FBTC ETF, which currently holds at least 143,000 <strong>BTC</strong> worth approximately $10 billion, is also in the picture. As of March 27, Bitcoin ETFs have achieved a daily total net inflow of $243 billion, raising the cumulative total net inflow to $11.94 billion, as highlighted by SoSoValue. On the other hand, Grayscale’s GBTC is the only <strong>ETF</strong> at the time of writing, with a daily total outflow volume of about $300 million. To date, the cumulative net outflow volume has reached $14.66 billion.</p> 
<p style="text-align: justify"><strong>Bitcoin</strong> halving is expected to occur in April, already encouraging institutional and individual investors to position themselves early. In March, as prices fell, whales focused on accumulating more BTC. <a href="https://en.coin-turk.com/recent-surge-in-cryptocurrency-prices-with-bitcoin-leading-the-way/" data-wpel-link="internal">Cryptocurrency</a> analytics firm Santiment drew attention on Wednesday to a transaction of 15,411.92 BTC, which was the third-largest over two weeks. With the halving approximately three weeks away, <strong>Santiment</strong> believes that Bitcoin’s “whales have been accumulating heavily this week.” Coupled with subsequent growth in perpetual contract funding rates, it can be said that Bitcoin is well-positioned for new highs ahead of the halving.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-whales-show-renewed-interest-as-prices-surge/" data-wpel-link="internal">Bitcoin Whales Show Renewed Interest as Prices Surge</a></h5>

Bitcoin Whales Show Renewed Interest as Prices Surge

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