Nearly 1,000 Firms Invest in Spot Bitcoin ETFs Since January Launch
937 firms invested over $11 billion in US spot Bitcoin ETFs in the first quarter - K33 Research $BTC $ETH $SOL - 44% of institutions own IBIT. - 65% own Grayscale Bitcoin Trust (GBTC). - 99% of institutions are US-based.
๐๐ป ๐ฎ๐ฌ๐ญ๐ณ ย $XRP, $TRX, and $NEO turned $1,000 into $1,000,000 ย ๐๐ป ๐ฎ๐ฌ๐ฎ๐ญ ย $SOL, $SHIB, and $MATIC turned $1,000 into $1,000,000 ย Which 3#altcoinscan turn $1K into $1M in this bull run? ๐
All we need now is to get the halving event behind us.
All the War talks are fading down, and people are starting to realize that the reality is less scary than they thought.
I believe that in the next few weeks we will see: 1. People stop talking about $BTC , and stop talking more about alt coins 2. $BTC dominance getting weaker - making more room for $ETH and the altcoins 3. Less war fud 4. More volume when all the degens are back from Dubai. #dubai #Crypto #HavlingBitcoin #BitcoinHalvingTrends Let the paper hands sell for cheap, soon the volume will be back up and the printing szn will continue
Excitement is in the air, and I'm feeling it too. But let's address a common misconception: many, especially newcomers and some greedy traders , believe that ๐๐ง๐ ๐๐ถ๐น๐น ๐ฑ๐ผ๐๐ฏ๐น๐ฒ ๐ถ๐ป ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐ฎ๐ป๐ฑ ๐ฎ๐น๐๐ฐ๐ผ๐ถ๐ป๐ ๐๐ถ๐น๐น ๐ถ๐บ๐บ๐ฒ๐ฑ๐ถ๐ฎ๐๐ฒ๐น๐ ๐๐ธ๐๐ฟ๐ผ๐ฐ๐ธ๐ฒ๐ ๐ฎ๐ณ๐๐ฒ๐ฟ ๐๐ต๐ฒ ๐ฒ๐๐ฒ๐ป๐.
While it's a fact that BTC's halving typically triggers a bullish trend and often leads to a massive alt season,ย but it's important to understand ๐๐ต๐ฎ๐ ๐๐ต๐ถ๐ ๐ฑ๐ผ๐ฒ๐๐ป'๐ ๐ต๐ฎ๐ฝ๐ฝ๐ฒ๐ป ๐ผ๐๐ฒ๐ฟ๐ป๐ถ๐ด๐ต๐. Take the last halving in May 2020, for example. BTC's price saw significant growth over time, rather than an instant surge.
So, while it's okay to feel optimistic, it's crucial to have realistic expectations. Assuming that crypto market will skyrocket immediately after this event is simply incorrect.
Do not panic as Markets never moves always one side....
#BTC just made the drop from the newly made resistance zone and broke the minor supports. Price is expected to reach the support zone of $BTC $64,800 - $66,000, where a reversal is expected. The Market is correcting itself which is annoyingly good to see as it will lead to a healthy market movement ahead.