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Record Bitcoin ETF Investments and BTC Price: Reasons for Stagnation

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4 hours ago

Despite record Bitcoin ETF investments, BTC price remains below $70,000. Let's explore the reasons behind this phenomenon.

Record Bitcoin ETF Investments

European investors poured over $105 billion into Bitcoin ETFs in 2024, setting a new record. Asian flows are also on the rise, yet Bitcoin's price remains below $70,000. According to Bloomberg, such investments do not immediately produce the expected market effect as ETFs are used as 'exit liquidity'.

Stagnation in BTC Price

Bitcoin's price has not surpassed $69,500 despite sizable ETF inflows. In October 2024, a peak purchase of $555 million led to only a temporary 5% gain. Bitfinex analysts explain this by transaction delays in the market: initial demand may trigger subsequent correction.

Market Analysis and Forecasts

Market participants should remain cautious as the rise of Bitcoin ETFs may soon dictate market flows. Heavyweights like BlackRock and Grayscale have certainly not said their last word.

Despite impressive Bitcoin ETF investments, the BTC price remains below a critical threshold. Market participants wait to see how the situation will evolve.

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