The crypto market is watching turbulent developments as skepticism and cautious optimism collide ahead of the weekend. User discussions express mixed feelings about hefty inflows into spot ETFs, igniting speculation about potential price movements.
Comments highlight the recent ETF developments. One user stated, "Yesterday spot ETFs saw $601.8 million in net inflows, the highest day in over a month. TradFi doesn’t want to be caught off guard before the holiday weekend.” This sizable influx may be pivotal for BTC's quest for an all-time high (ATH).
Adding to the intrigue, a user pointed to an unusual market trend:
"Bitfinex is outbidding the spot market by $200. Some say this could involve a whale group executing trades, which is concerning."
This could suggest that major players are gearing up for significant moves.
The sudden spike in activity associated with a dormant wallet holding 10,000 BTC, worth over $1 billion, has traders buzzing.
"This stack, gathered over 14 years, is about to be distributed. Crazy, right?" remarked one user.
Forum chatter also ramped up around the general market behavior. One comment read, "I expect a whole lotta sideways until the yanks are done blowing off some steam." This reflects a sentiment that immediate volatility may be constrained until after the holiday period. Meanwhile, another comment cynically noted, "BTC is a shitcoin at Until it isn't," signaling a stark division in belief about BTC's future.
🌊 $601.8 million in ETF inflows recorded yesterday, marking the highest since May.
📉 Market volatility expected if inflows decline post-holiday.
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