On the sixth trading day of spot Bitcoin ETFs, total volume exceeded $15 billion and the Bitcoin price fell below $41,000. It is currently trading at $42,002. This fluctuation in Bitcoin price can be closely linked to developments in the ETF market.
Volatility in the Bitcoin market in the last 24 hours caused a liquidation of $87 million in the futures market. Most of these liquidations resulted from long positions. According to CoinGlass data, $230 million in long positions were liquidated in the crypto market, leading to $271 million in liquidations on centralized exchanges.
These liquidations in futures occur due to the forced closing of positions when investors do not have sufficient funds to cover their losses. This situation results in market movements being against the investor and the initial collateral being lost.
Turmoil in the spot Bitcoin ETF market attracted attention, especially with the exit of $ 582.3 million from Grayscale's fund. JPMorgan analysts predict that the Bitcoin price may come under additional pressure in the coming weeks. Nate Geraci, president of The ETF Store, states that GBTC has lost $5.5 billion in assets since its conversion to an ETF.
On the other hand, new entries continue in the ETF market, according to The Block Data. There were inflows of $177.9 million into Fidelity's fund and $145.5 million into BlackRock's iShares Bitcoin ETF. New Bitcoin ETF products reached $1.4 billion in volume on Jan. 19, with Grayscale's fund accounting for 58.5% of flows.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
THIS IS A BINANCE CAMPAIGN MADE SPECIALLY FOR ME. WHEN YOU REACH THE CALL CENTER, THEY WILL CONFIRM THIS INFORMATION. SO THIS IS A CAMPAIGN MADE FOR YOU THROUGH ME.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until JANUARY 31 can do so. After activating your account, it is enough to open a transaction of 200 dollars, that is, 200 USDT.
Let me give you a tactic: Even if you open and close a $10 forward transaction at 10x, you will have a volume of $200. Let me give you a tip :)
However, even if you do this after January 31, your reward will not come. So get it done by January 31st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open your 50 USDT transaction and get your 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARD section of your Binance application after 14 BUSINESS days, starting from JANUARY 31. By activating it from there, you can use your reward of more than 10 dollars, or 290 liras, in futures transactions.
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BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
