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ETFs Have Introduced Different Dynamics To The Bitcoin Market – Analyst

Published 03/25/2024, 02:36 AM
Updated 03/25/2024, 02:45 AM
© Reuters. ETFs Have Introduced Different Dynamics To The Bitcoin Market – Analyst

  • Marcin Miłosierny thinks new dynamics are evolving for Bitcoin in the developing bull cycle.
  • According to Miłosierny, the entrance of ETFs is impacting the Bitcoin market significantly
  • Miłosierny believes the buying power of ETFs will overshadow the supply squeeze effect of Bitcoin halving.

Glassnode crypto analyst Marcin Miłosierny has highlighted the evolving dynamics of the Bitcoin market in the developing bull cycle. According to Miłosierny, the entrance of ETFs is impacting the Bitcoin market significantly with a potential adjustment to the historical effect of Bitcoin halving.

In a recently posted analysis, the crypto analyst noted that the significant buying power of ETFs will overshadow the traditional supply squeeze effect expected from the halving. Miłosierny believes the ETF-induced dynamics demand a response from traders. He thinks Bitcoin traders need to balance the historical impact of halvings with the contemporary ETFs’ influence on BTC availability and price during the upcoming cycle.

Considering recent developments, Miłosierny believes the Bitcoin market is entering a stage where long-term holders (LTHs) would exert more influence in BTC…

The post ETFs Have Introduced Different Dynamics To The Bitcoin Market – Analyst appeared first on Coin Edition.

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