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Cryptocurrency News Articles
Bitcoin ETF Demand Could Surge Amidst BTC Dip, Analyst Says
Mar 25, 2024 at 02:05 pm
Could Demand for Bitcoin ETFs Rise as BTC Dips?
CryptoQuant CEO Ki Young Ju believes demand for spot Bitcoin ETFs could bounce back if BTC's price continues to slide.
Historical Trends Support the Theory
Young Ju notes that historically, demand for Bitcoin ETFs spikes when the cryptocurrency hits certain price points.
Recent Data Points to Outflows
However, BitMEX Research reports negative net flows in spot BTC ETFs, including outflows from the Grayscale Bitcoin Trust ETF.
Whales and ETFs
Young Ju highlights that new BTC whales, particularly ETF buyers, have an on-chain cost basis of $56,000. He expects significant inflows into ETFs if Bitcoin dips to that level.
Possible Further Dip in BTC
Young Ju suggests a potential further correction in BTC, given historical trends that show corrections often result in a 30% drop. This could bring Bitcoin's price down to $51,000 from its recent all-time high of $73,750.
Market Conditions and Halving
Analysts attribute the recent Bitcoin price correction to overheated market conditions and retracement ahead of the upcoming Bitcoin halving event in April.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
