Crypto Australia🇭🇲🇭🇲

📊In the first seven days of Bitcoin ETF trading, significant movements occurred in the market. — Infographic by The Bitcoin Times 💰These trades included the purchase of 112,000 BTC through the ETF, highlighting the growing institutional interest in cryptocurrencies. 🪙At the same time, Grayscale sold 67,000 BTC, which indicates the diversity of asset management strategies among large players. ⛏ Let us remind you that 27,000 BTC are currently mined per month. After the upcoming halving, which will take place in 85 days, monthly production will decrease to 13,500 BTC. 🏛BlackRock deserves special attention. This financial giant acquired an amount of BTC equal to a month's mining volume in just 7 days of trading. This demonstrates the influence of large institutional investors on the market and the potential to change market trends. By Crypto Australia

#BTC created the low around $38,550, nearly reaching the area of support. Still anticipated price to reach either end of the zone (a clean retest or tap in into support). Daily TF, build up a support where, retest are high probable, also price travelling inside the downtrend channel pattern and breakout of that and resistance would be considered as bullish. By Crypto Australia

More than $325M+ were liquidated with the dump below $40,000, as anticipating to hodl the $40,000 mark. This is why you should think a step ahead of you think By Crypto Australia