BREAKING
204d 21h ago

Bitcoin ETF Holdings Surge: Every 10,000 BTC Boost Could Drive Price to $150,000 by October

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

Bitcoin ETF inflows continue to influence market dynamics, with data indicating that an incremental addition of 10,000 BTC to ETF portfolios can elevate the average price by approximately 1.8%. This correlation underscores the growing impact of institutional investment vehicles on Bitcoin’s price discovery process. Market analysts emphasize that sustained accumulation through ETFs could contribute to a bullish trajectory, potentially driving Bitcoin prices toward the $150,000 mark by October, contingent on prevailing market conditions and liquidity factors. Investors should monitor ETF inflows closely as a key indicator of institutional demand and market sentiment.

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