Bitcoin Surges on ETF Momentum

🟣Experts at Glassnode attribute Bitcoin’s sharp rise to capital inflows into spot ETFs and strong market demand. Over the past month, $62.9 billion has flowed into cryptocurrencies, with BTC dominating in terms of investment volume.

🟣Long-term holders have begun selling assets: from October 8 to November 13, a total of 128,000 BTC were sold. Spot ETFs absorbed 90% of this selling pressure, providing liquidity and stabilizing prices. However, analysts caution that profit-taking by investors could trigger a correction.

🟣Long-term investors remain key players, significantly influencing Bitcoin’s global dynamics. Their actions shape the stability of the crypto market and establish new price levels.