According to experts, the receipts of capital in spot ETF on Bitcoin after elections in the United States amounted to approximately $ 1.3 billion, and the average purchase price of cryptocurrency was $ 97,000.
“Open interest in Bitcoin futures on the Chicago commodity exchange has not changed. An ongoing outflow from ETF can provoke a further drop in coin quotes, ”the statement said.
A decrease in the volatility of the first cryptocurrency in the fall in the course is a symptom of the failure of most investors to wait for cost growth in the near future, experts noted.
In their opinion, for the long -term holders of bitcoin, taking care of fundamental indicators, and not about speculation, now the optimal moment has come for entering the market.
Earlier, Matrixport analysts reported that the nearest level of support for the first cryptocurrency will be $ 73,000. According to them, the asset demonstrates negative dynamics against the background of growing fears regarding stagflation in world markets.
Source: Bits
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