Source: Glassnode Similarly, between Nov.6, 2024, and Dec.16, 2024, cumulative daily inflows hit $5.7 billion, aligning with Bitcoin’s 60% rally from $67,000 to $108,000 over the same period. If ETF inflows continue, Bitcoin is likely to resume its uptrend toward new all-time highs. Bitcoin market volatility index: risk-onIncreased inflows into spot Bitcoin ETFs signal high risk-on sentiment, as evidenced by a drop in the CBOE Volatility Index (VIX), which measures 30-day market volatility expectations.
A rising transaction volume Z-score, especially when it approaches or exceeds 1, is historically associated with Bitcoin price rallies.“This is a good sign for Bitcoin price acceleration,” remarked Boydsto, adding:“Bitcoin should be full bull once the Z-Score breaches 1.”Source: Ted BoydstonBTC rounded bottom pattern targets $140KFrom a technical perspective, Bitcoin’s price has formed a rounded bottom chart pattern on the daily chart (see below).
The chart below shows that after the launch of the US-based spot Bitcoin ETFs in January 2024, these investment products saw net inflows of approximately $8.5 billion between Feb.13, 2024, and March 13, 2024, peaking at a record single-day inflow of $1.045 billion on March 12, 2024.Spot Bitcoin ETF flows.
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Author / Journalist: Cointelegraph by Nancy Lubale
The story "6 signs predicting $140K as Bitcoin's next price top" has 816 words across 33 sentences, which will take approximately 4 - 7 minutes for the average person to read.
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