- BlackRock’s iShares Bitcoin Trust (IBIT) saw a $102.7M inflow, marking nine days of gains.
- Bitcoin’s RSI at 59 indicated strong bullish sentiment, despite recent negative sentiment trends.
On the 18th of July, the BlackRock-issued iShares Bitcoin [BTC] Trust (IBIT) saw an impressive inflow of $102.7 million.
This marked the ninth consecutive day of positive inflows, making IBIT the only spot Exchange Traded Fund (ETF) to achieve such a streak.
BlackRock’s increasing Bitcoin adoption
BlackRock also made headlines for purchasing over $1 billion worth of BTC this month, highlighting the increasing institutional adoption of Bitcoin.
Expanding on the same, Thomas Fahrer, co-founder of crypto data platform Apollo, said,
“Blackrock has purchased over $1B worth of #Bitcoin this month – Including $107M Today. That’s 18,600 #Bitcoin. This is a total acceleration of inflows.”
Source: Thomas/X
Drop in positive sentiment
Moreover, there has been a mid-sized crypto market bounce this week. However, this has had no impact on the positive sentiment around BTC, which has sharply declined compared to March.
This includes sentiments from social media platforms like Twitter, Reddit, BitcoinTalk, and 4chan.
That being said, in addition to the drop in positive sentiments, traders are increasingly also taking up short positions on the asset.
According to blockchain market intelligence firm Santiment,
“Many traders, particularly on @binance, are opening shorts with the expectation of BTC dropping again. Both of these factors increase the likelihood of cryptocurrency rising.”
Source: Santiment/X
Long-term holders stand strong
In fact, at the time of writing, BTC was down 0.84%, trading at $64,304. However, the Relative Strength Index (RSI) at 59 indicates a strong bullish sentiment for the leading cryptocurrency.
Source: TradingView
This highlighted the confidence of long-term Bitcoin holders. On-chain analytics platform, IntoTheBlock highlighted it best when it noted,
“Long-term Bitcoin holders showed confidence last week, adding to their holdings despite fears about recent transactions involving Mt. Gox and the German government.”
Source: IntoTheBlock/X
- BlackRock’s iShares Bitcoin Trust (IBIT) saw a $102.7M inflow, marking nine days of gains.
- Bitcoin’s RSI at 59 indicated strong bullish sentiment, despite recent negative sentiment trends.
On the 18th of July, the BlackRock-issued iShares Bitcoin [BTC] Trust (IBIT) saw an impressive inflow of $102.7 million.
This marked the ninth consecutive day of positive inflows, making IBIT the only spot Exchange Traded Fund (ETF) to achieve such a streak.
BlackRock’s increasing Bitcoin adoption
BlackRock also made headlines for purchasing over $1 billion worth of BTC this month, highlighting the increasing institutional adoption of Bitcoin.
Expanding on the same, Thomas Fahrer, co-founder of crypto data platform Apollo, said,
“Blackrock has purchased over $1B worth of #Bitcoin this month – Including $107M Today. That’s 18,600 #Bitcoin. This is a total acceleration of inflows.”
Source: Thomas/X
Drop in positive sentiment
Moreover, there has been a mid-sized crypto market bounce this week. However, this has had no impact on the positive sentiment around BTC, which has sharply declined compared to March.
This includes sentiments from social media platforms like Twitter, Reddit, BitcoinTalk, and 4chan.
That being said, in addition to the drop in positive sentiments, traders are increasingly also taking up short positions on the asset.
According to blockchain market intelligence firm Santiment,
“Many traders, particularly on @binance, are opening shorts with the expectation of BTC dropping again. Both of these factors increase the likelihood of cryptocurrency rising.”
Source: Santiment/X
Long-term holders stand strong
In fact, at the time of writing, BTC was down 0.84%, trading at $64,304. However, the Relative Strength Index (RSI) at 59 indicates a strong bullish sentiment for the leading cryptocurrency.
Source: TradingView
This highlighted the confidence of long-term Bitcoin holders. On-chain analytics platform, IntoTheBlock highlighted it best when it noted,
“Long-term Bitcoin holders showed confidence last week, adding to their holdings despite fears about recent transactions involving Mt. Gox and the German government.”
Source: IntoTheBlock/X
Very nice post. I just stumbled upon your blog and wanted to say that I have truly enjoyed surfing around your blog posts. In any case I’ll be subscribing to your rss feed and I hope you write again very soon!
I have been examinating out a few of your posts and it’s clever stuff. I will definitely bookmark your website.
Awsome info and straight to the point. I don’t know if this is in fact the best place to ask but do you people have any thoughts on where to employ some professional writers? Thanks 🙂
Real wonderful visual appeal on this site, I’d rate it 10 10.
I have not checked in here for a while since I thought it was getting boring, but the last several posts are great quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂
I will immediately grab your rss as I can not find your e-mail subscription link or newsletter service. Do you’ve any? Please let me know in order that I could subscribe. Thanks.
I enjoy the efforts you have put in this, appreciate it for all the great blog posts.
I think other website proprietors should take this web site as an model, very clean and magnificent user friendly style and design, let alone the content. You’re an expert in this topic!
Of course, what a great blog and illuminating posts, I definitely will bookmark your website.Have an awsome day!
I like this site very much so much fantastic info .
I really like your writing style, good info , regards for posting : D.
I believe this web site has some really wonderful info for everyone : D.
where to get cheap clomiphene without dr prescription cheap clomid without insurance can i get clomid pills clomid price walmart can i get cheap clomiphene tablets buying generic clomid without prescription where can i get cheap clomid pill
This is a question which is near to my heart… Diverse thanks! Quite where can I lay one’s hands on the acquaintance details in the course of questions?
With thanks. Loads of knowledge!
buy azithromycin medication – ciplox 500 mg for sale buy flagyl 400mg generic
semaglutide order – how to get periactin without a prescription periactin 4mg pills
domperidone online order – order domperidone sale where to buy cyclobenzaprine without a prescription
inderal 10mg for sale – order clopidogrel order methotrexate generic
purchase amoxil online – combivent canada ipratropium 100mcg pill
buy zithromax generic – order azithromycin 500mg without prescription cost nebivolol 5mg
amoxiclav sale – https://atbioinfo.com/ purchase ampicillin for sale
order esomeprazole 20mg online cheap – anexa mate nexium where to buy
buy coumadin 5mg pills – https://coumamide.com/ cheap hyzaar
mobic pills – mobo sin mobic 15mg oral
order deltasone 20mg pill – corticosteroid prednisone 5mg brand
erection pills – fastedtotake.com otc ed pills
amoxil over the counter – combamoxi.com buy amoxicillin online cheap
buy fluconazole 200mg without prescription – on this site fluconazole 100mg cost
cenforce sale – this order cenforce 100mg for sale
tadalafil vs sildenafil – https://ciltadgn.com/ cialis tubs
where to buy tadalafil online – tadalafil generic reviews cialis coupon walmart
buy viagra toronto – https://strongvpls.com/# viagra sale calgary
This is the type of enter I find helpful. amoxil 500 para que sirve
With thanks. Loads of conception! azithromycin pills
Thanks on putting this up. It’s well done. https://ursxdol.com/ventolin-albuterol/
Thanks for sharing. It’s acme quality. on this site
I couldn’t weather commenting. Well written! https://aranitidine.com/fr/cialis-super-active/
More delight pieces like this would insinuate the интернет better. https://ondactone.com/spironolactone/