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Market analysts had already been keeping a close watch on the cryptocurrency's price movement, anticipating the possibility of a breakout. On September 27, Bitcoin made a notable upward move, coinciding with the opening of Wall Street. This surge in Bitcoin’s price saw it climb to $26,823, marking a 2% increase and reaching weekly highs. Market analysts had already been keeping a close watch on the cryptocurrency’s price movement, anticipating the possibility of a breakout. One prominent trader known as Skew pointed out that the liquidity for purchasing Bitcoin was relatively thin at the moment, suggesting that a further upward move might come from perpetual contracts (perps). This situation could potentially create opportunities due to inefficiencies and potential premiums in the market. Additionally, on-chain monitoring data from Material Indicators revealed increased activity among a specific class of whales known for their influence on Bitcoin’s price. This development was seen as a positive sign for Bitcoin’s price action. Material Indicators also highlighted that Bitcoin’s move above the $26,500 mark had invalidated a warning signal triggered by a “death cross” on the daily chart earlier in the week. Keith Alan, co-founder of Material Indicators, expressed confidence in following the trading strategies of these influential whales, stating, “Purple buys dips and sells rips. I’m happy to swim in their wake.” Renowned analyst Michaël van de Poppe shared his insights, suggesting that if Bitcoin could maintain its price above $26,500, there was a strong likelihood of it reaching $30,000 by October. Data from the monitoring resource CoinGlass showed that short liquidations in the Bitcoin market remained relatively low. Around $13 million worth of Bitcoin shorts were liquidated on that day, contributing to a total cross-crypto liquidation amount of $39 million. At the time of writing, Bitcoin was trading at approximately $26,700, demonstrating ongoing volatility in the cryptocurrency market. As Bitcoin continued to show strength and resilience, many traders and investors remained optimistic about its potential for further gains in the near future. #GateioBountyCreator# #ContentStar# #HotTopicDiscussion# #Gateio# #NewsMessenger# #GateLive# #BountyCreator# #ContentMining#

📆 Flash News 11/07/2024 1️⃣Nine U.S. spot Bitcoin ETFs added 4,862 BTC yesterday. 2️⃣Bloomberg analysts suggest the SEC might approve a spot Ethereum ETF on July 18. 3️⃣Long-term BTC holders accumulated 85,000 BTC in the past 30 days. 4️⃣Notcoin, 1inch, and Sign launched a startup accelerator for Telegram and TON. 5️⃣Worldcoin extended the claim period for unclaimed WLD tokens by one year.

🗣 Bitcoin price explodes after massive $250 million purchase!📈🚀 ✔️ On February 10, 2024, a massive purchase of bitcoin worth nearly $250 million by BlackRock's iShares fund caused the price of the crypto to jump. This movement is part of a global dynamic of record purchases by ETFs in recent weeks, reflecting the voracious appetite of institutional investors to gain exposure to Bitcoin without directly holding it. 👉 Historic crypto purchase volumes ✔️ On February 10 alone, iShares acquired nearly $250 million worth of Bitcoin, or more than 5,200 BTC, on behalf of its ETF. At the same time, 8 other Bitcoin ETFs purchased the equivalent of an additional $300 million, or more than 6,400 BTC. ✔️ In the month of February alone, more than $2.7 billion flowed into these listed index funds, allowing them to quickly accumulate large stocks of Bitcoin. A sign of investor enthusiasm for this new crypto exposure tool. #Gate Post Highlights##ContentStar##比特币##BountyCreator##HotTopicDiscussion##GateioBountyCreator##Crypto #

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