CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Potato 2025-01-04 12:21:49

2 Strong Indicators US Investors Are Flocking Back to Bitcoin

The landscape around bitcoin after the last FOMC meeting for 2024 in the US turned upside down, with local investors pulling funds out of the ETFs and the Coinbase Premium Index declining to yearly lows. However, on-chain data shows that US investors are back on the BTC front, with massive accumulations. ETFs Demand Returns During the aforementioned meeting at the highest levels in the US central bank, Fed Chair Jerome Powell warned that there might be fewer or even no rate cuts in 2025 due to rising inflation. US investors reacted immediately and started pulling funds out of riskier assets like BTC and crypto. Within the next four trading days, they withdrew more than $1.5 billion out of the US-based Bitcoin exchange-traded funds. December 26 was the only day well in the green, as December 27, 30, and January 2 saw more net outflows. Even BlackRock’s IBIT, the world’s largest Bitcoin ETF, was posting negative records . However, this changed on Friday, January 3. The total net inflows for the day shot up to $908.1 million, according to FarSide data . IBIT was actually second with $253.1 million, trailing behind Fidelity’s FBTC with $357 million. Ark Invest’s ARKB also had a strong presence, attracting $222.6 million. This became the best day in terms of net inflows since November 21. Coinbase Premium Index The other metric that showcases US investors’ overall behavior toward bitcoin and crypto is the Coinbase Premium Index, which measures the BTC price difference between Coinbase and Binance. When it shoots up into positive territory, this means that US-based investors are accumulating heavily, and vice versa. The metric recently plunged to a yearly low, as reported , which coincided with the growing ETF outflows after the FOMC meeting. Now, though, CryptoQuant data shows that it has returned to neutral territory almost immediately after posting that low. This shows that “sentiment by the US and institutional investors is back.” Bitcoin Coinbase Premium Index. Source: CryptoQuant The post 2 Strong Indicators US Investors Are Flocking Back to Bitcoin appeared first on CryptoPotato .

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen