Bitcoin

Arthur

April

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin is trading above $70,000, with predictions of a post-halving surge to over $150,000.</li>
 <li>Bitcoin ETFs have accumulated over 841,900 BTC, worth $59.2 billion, representing 4.28% of circulating supply.</li>
</ul>
<p>Bitcoin continues to maintain a strong position above the $70,000 mark, ahead of the much-anticipated halving event. Market analysts predict a significant long-term price surge post-halving.</p>
<h2 id="post-halving-price-predictions">Post-Halving Price Predictions</h2>
<p>Analysts from Bitfinex anticipate that the price of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> could increase by over 160% after the halving, reaching a cycle peak of over $150,000. This prediction is based on a simple regression model, which forecasts a post-halving price surge within the next 14 months, with a price range of $150,000 to $169,000.</p>
<p>Despite a 2.2% drop in the 24 hours leading up to 11:50 am UTC, Bitcoin traded at $70,694, demonstrating a weekly increase of over 7.5%.</p>
<p>However, analysts warn of increased selling pressure due to Bitcoin reaching an all-time high before the halving for the first time in its history. This could lead to significant selling pressure as 1.87 million BTC, or 9.5% of the circulating supply, was purchased above the $60,000 mark.</p>
<h2 id="bitcoin-etfs-and-market-influence">Bitcoin ETFs and Market Influence</h2>
<p>The inflow from US spot Bitcoin exchange-traded funds (ETFs) has significantly contributed to Bitcoin’s price rally. By mid-February, Bitcoin ETFs accounted for approximately 75% of new investment in Bitcoin as it exceeded the $50,000 mark.</p>
<p>Since their introduction, Bitcoin ETFs have accumulated over 841,900 BTC, valued at $59.2 billion, which represents 4.28% of Bitcoin’s circulating supply. The accumulation pattern of the past two weeks suggests that Bitcoin ETFs are on track to absorb 2.6% of Bitcoin’s supply per year.</p>
<p>Last week, Bitcoin ETFs amassed over $500 million worth of net inflows, with a total of $286 million worth of daily net inflows on April 8, the first trading day of the week.</p>
<p>However, the Federal Reserve’s quantitative tightening, which is removing liquidity from markets, could cause a sharp decline in Bitcoin prices during the halving period. This viewpoint was shared by Arthur Hayes, the co-founder of BitMEX, in an April 8 blog post.</p>

Analysts Forecast $150K Bitcoin Peak as Halving Countdown Hits 10 Days

目錄

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