Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-surge-whats-needed-for-continued-growth/" data-wpel-link="internal">Bitcoin’s Surge: What’s Needed for Continued Growth?</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/bitcoinde-btc-sicrama-icin-neler-gerekiyor-iste-grafikler" data-wpel-link="internal">Bitcoin</a> and other cryptocurrencies are currently seeing a surge of interest worldwide, driven by increased inflows and institutional demand. The price of the cryptocurrency <a href="https://en.coin-turk.com/cambridge-bitcoin-electricity-consumption-index-cbeci-researchers-revise-methodology-to-improve-accuracy-and-reliability/" data-wpel-link="internal">Bitcoin</a> has surpassed the $59,000 level at the time of writing this article. However, as a result of this increase, there is also a noticeable rise in investor speculation. Onchain data shows an increase in speculative activities among short-term holders. Similarly, Bitcoin derivative markets are observing a trend with futures and options open interest approaching all-time high levels.</p> 
<h2 style="text-align: justify" id="glassnode-data-insights">Glassnode Data Insights</h2> 
<p style="text-align: justify">According to the latest newsletter from Glassnode, it is clear that speculation in the cryptocurrency Bitcoin has reached new heights. Investors are experiencing a significant increase in speculative activities due to rising capital inflows, derivative leverage, and institutional interest. Bitcoin’s price is hovering around $58,800, maintaining most of its gains during this period. Additionally, the report also indicates that Bitcoin’s realized capitalization has increased by more than $30 billion since the beginning of the year, reaching $460 billion.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-320571 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/btc-metrik-coin-turk-com-.webp" alt="" width="598" height="356"></p> 
<p style="text-align: justify">Measurements on the blockchain suggest a shift towards speculation, particularly among short-term holders. These investors have been consistently depositing over $2 billion daily to exchanges since mid-January, boosting exchange volumes. Additionally, the growing institutional interest in Bitcoin is highlighted by more than 90,000 Bitcoin inflows into spot ETFs. These inflows are expected to continue in the coming days.</p> 
<h2 style="text-align: justify" id="derivative-markets-reflect-positive-sentiment">Derivative Markets Reflect Positive Sentiment</h2> 
<p style="text-align: justify">The derivative markets are reflecting the speculative mood, with open positions in futures and options markets nearing all-time high levels. However, the increasing yield in futures markets is attracting investors who wish to use long-focused positions as leverage. The widening gap between <a href="https://en.coin-turk.com/bitcoins-sudden-volatility-shakes-investors/" data-wpel-link="internal">BTC</a> and <a href="https://en.coin-turk.com/the-craze-of-ethereum-eth-etf-metrics-sound-the-alarm/" data-wpel-link="internal">ETH</a> funding rates indicates an increased demand for riskier assets.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-320572 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/kripto-para-btc-coin-turk-com.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">Regarding speculations, experienced Bitcoin trader Peter Brandt recently stated his belief that Bitcoin’s price could reach the $200,000 level. This prediction emerged from a revision based on a technical analysis chart, and according to analyst Brandt, this figure shows a higher potential than previous estimates.</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/bitcoins-surge-whats-needed-for-continued-growth/" data-wpel-link="internal">Bitcoin’s Surge: What’s Needed for Continued Growth?</a></h5>

Bitcoin’s Surge: What’s Needed for Continued Growth?

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