In the last 24 hours, Bitcoin (BTC), the largest cryptocurrency by market value, rose from $54,800 to $58,088. In this article, we will review assessments by three different analysts regarding Bitcoin’s (BTC) performance in ETFs and volatility.
Bitcoin (BTC) ETF Performance
The analyst known as Quinten, who is popular in the cryptocurrency markets, is closely monitoring this area. However, his focus isn’t on the price chart. The renowned analyst who tracks the performance of ETFs shares a noteworthy detail: when comparing BTC ETFs with those introduced in the US market throughout 2024, BTC is a clear winner. Among 430 ETFs approved by the SEC, Bitcoin ETFs are in the top 35. In the ranking based on investor entries, BTC ETFs (BlackRock, Fidelity, ARK & 21 Shares, and Bitwise) are in the top four. Quinten is extremely pleased with this data, which shows that Bitcoin is strongly embraced by institutional investors.
Bitcoin Surge May Begin
The cryptocurrency markets have been experiencing troublesome movements for two quarters. Although this is a long period, it should reverse now. The on-chain chart shared by Mister Crypto indicates that the capitulation period is over. The negative period in the markets might be ending.
Bitcoin Volatility Increases
Analyst Kyledoops points out that the 30-day volatility for BTC has climbed to 70%. This increase is significant, as September usually sees calmer movements compared to the first quarter. Major events that trigger fluctuations on the macroeconomic front significantly contribute to this increase. With the Fed meeting and the reduced concerns about the direction of the economy, the negative volatility balances, paving the way for a rise.
If the analysts' predictions prove correct, it will be seen that this is not just luck in the light of historical data. Developments in macroeconomics and active engagement by institutional investors can bring significant changes to the Bitcoin market.
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