Reserve

Bitcoin

when

Yield

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin (BTC) experienced a significant drop last week, falling from $69,000 to $60,800.</li>
 <li>The decrease was partially caused by outflows from newly launched Bitcoin exchange-traded funds (ETFs).</li>
</ul>
<p>Bitcoin’s price took a significant hit last week, dropping from $69,000 to $60,800. This decline, which represents an approximately 18% decrease from the month’s high of $73,800, left investors reeling.</p>
<p>The drop was partially driven by outflows from 11 newly launched Bitcoin ETFs. Between March 18 and 21, these funds saw a total of $836 million in funding depart, according to data from Farside Investors.</p>
<h2 id="investor-sentiment-and-market-trends">Investor Sentiment and Market Trends</h2>
<p>This has led to questions about the confidence of new investors. It also raises the question of their likelihood to hold onto Bitcoin if the downward trend continues.</p>
<p>Since the launch of the ETFs, Bitcoin’s price has been influenced by the equity markets. At certain times of the day, liquidity surges and price movements become inevitable. These moments have proven to be advantageous for capturing significant Bitcoin moves and making profits. However, outside of these windows, liquidity decreases and price fluctuations can become intense.</p>
<h2 id="expert-opinions-and-tips">Expert Opinions and Tips</h2>
<p>Lucas Kiely, Chief Investment Officer for Yield App, suggests riding the equity market’s liquidity waves. His strategy involves buying weakness, selling strength, and maintaining tight stops.</p>
<p>Michael van de Poppe, CEO and founder of MN Trading Consultancy, believes that the recent decline in ETF investment was likely due to the latest Federal Reserve meeting. He advises buying Bitcoin dips when the price is relatively low, and using any Bitcoin price correction between 15-40% to accumulate for the next big bull cycle.</p>
<p>Chris Newhouse, a DeFi analyst at Cumberland Labs, thinks that today’s buyers should be aware of separating “FOMO” type buying from long-term demand. He has been actively placing “stink bids” for weeks in anticipation of quick price dips. He believes that the market is in buy-the-dip mode and that there would need to be significant headwinds for a larger pullback to occur.</p>

Bitcoin Halving Strategies: Insights from Three Expert Traders

Table of Contents

crypto.ro global

Другие статьи, опубликованные 25 мар. 2024 г.

Best Cryptos to Invest In this Month Scorpion Casino, Pullix & Jupiter Surge In Bull Run

Solana Price Forecast: $260 ATH On The Horizon As SOL Nears $200

BlackRock’s Bitcoin ETF On Track To Surpass Grayscale’s GBTC In As Little As Two Weeks

Michael Saylor Makes Big Bitcoin Statement as Market Uncertainty Looms

Veto from This Country to Bitcoin Exchange Binance!

Ethereum Eyes $4,000 Milestone Amid SEC’s Scrutiny

Join our free newsletter for daily crypto updates!