Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record
The long-short ratio is starting to tilt in favor of bulls since Wednesday, data indicates, as some traders expect bitcoin to set fresh all-time highs in the coming weeks.
Binary trading platforms with better performance and payouts
Trading
The long-short ratio is starting to tilt in favor of bulls since Wednesday, data indicates, as some traders expect bitcoin to set fresh all-time highs in the coming weeks.
Favorable payroll data could open the way to $80,000 per bitcoin by end-June, Standard Chartered’s Geoffrey Kendrick said in a Thursday note.
Institutional investors on crypto exchange Bybit increased meme coin allocations to a high of $300 million in April from $63 million at the start of this year.
Trading platform Robinhood (HOOD) agreed to acquire crypto exchange Bitstamp as it looks to expand its crypto presence globally and attract institutional clients through new product offerings, the company announced Tuesday.
Trading volumes of ecosystem tokens more than doubled in the past 24 hours, with meme coin FLOKI leading gains among larger tokens.
This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January.
The agreement comes as Floki gears up to introduce new products in the coming months, including the Valhalla metaverse game on mainnet.
On-chain data shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset.
Keith Gill posted his GameStop options positions on the r/superstonks subreddit.
Gamblers have placed almost $900,000 in bets on the “Trump in jail before election day?” market on the predictions application Polymarket.