Take a look at this table 🤔
The net BTC(Bitcoin) bought by spot BTC ETF(Exchange-Traded Fund)s are much more than new BTC produced. If this trend retains after the next BTC 4th halving, the new BTC mined will be half of it, around 3k BTC.
Considering the BTC miners' holding strategies, they won't sell all of the new BTC rewarded. Therefore, the selling amount of BTC by BTC miners will be less than 3k BTC, which means the demand of the BTC by spot BTC ETFs will lead the positive movement for the following months.
What are you worried about it? Of course, the BTC price has rapidly surged. However, not only the BTC chart but also take a look at the external market conditions. Many people only look the BTC chart and interpret the meaning such as they've been doing in stock markets.
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
This post was upvoted by @upex upvoting Services with 98.36%. To learn more Join our Discord community here.
https://tunexwizard.blogspot.com/2024/02/openais-sora.html
This post was upvoted by @upex upvoting Services with 98.36%. To learn more Join our Discord community here.