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David Morrison, senior market analyst at Trade Nation, said that while "$100,000" is a good round price, it feels like this number has become a high barrier or even a barrier to further profits for bitcoin investors. If bitcoin starts to fall from now on, that may be all that the market shows, especially if long-term holders decide to cash out early. However, David Morrison also pointed out that bitcoin's upward momentum is likely to accumulate enough energy to push the price above 10...
Charlie Morris, founder of ByteTree, an investment advisory firm, wrote on X that the number of bitcoins held by grey release GBTC has dropped from about 630,000 to 230,000. This is the largest "leak source" in the ecosystem, down 64% from 2019. This is a drag, but capital outflows should slow from now on. Global net flow of bitcoin ETFs has turned positive again, indicating that demand has absorbed GBTC sales. Structural demand will continue to emerge as...
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