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Spot Bitcoin ETFs Are About To Eclipse Satoshi Nakamoto’s Gigantic 1.1 Million BTC Stash As The Global Liquidity Metric Turns Into A Potent Tailwind

NewsTech

Published:

Now that the global liquidity proxy - a measure of cross-border financial flows that have a particularly strong influence on risky assets - is again approaching the elevated levels last seen at the apex of the pandemic-induced mayhem, bullish bets on Bitcoin are also increasing in tandem. As an illustration of this evolving phenomenon, look no further than the spot Bitcoin ETFs, whose year-to-date inflows have just hit another record level. As we noted in a recent post, Bitcoin is directionally sensitive to measures of global liquidity. And, in what bodes well for the prospects of the world's premier cryptocurrency, […]

Read full article at https://wccftech.com/spot-bitcoin-etfs-are-about-to-eclipse-satoshi-nakamoto-gigantic-1-1-million-btc-stash-as-the-global-liquidity-metric-turns-into-a-potent-tailwind/

WccftechContinue reading/original-link]

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