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#BITCOIN WEEKLY TF UPDATE : #BITCOIN on Weekly TF, last week unable to close above the resistance area, and this weekly candle also struggling to do it so. Well, candle is turning bearish at this point, which could form a new and strong resistance. Price might drive lower for liquidity grab below $40,000. Alternatively, we need the next weekly candle to flip above the area. By Crypto Australia

Gold's vs Bitcoin's ETF price action In both cases we saw a rally in anticipation of the approval. Many believe gold went up-only after its ETF launched but the reality is that it corrected at least 0.5 of its anticipation rally first. A long period of re-accumulation followed for a healthy bullrun afterwards. By Crypto Australia

🤓 All ETF race participants have made final changes to their applications BlackRock, VanEck, Valkyrie, Fidelity, WisdomTree, Bitwise, Franklin Templeton, Invesco and Galaxy have made final changes to their spot Bitcoin ETF applications. Similar changes were previously made by Ark. Notably, BlackRock listed Jane Street and JPMorgan as authorized participants in its fund. Just a few weeks ago, JPMorgan CEO Jamie Dimon called on the US authorities to ban cryptocurrencies. At the same time, Fidelity set the lowest commission of 0.39%. Invesco said it will not charge any fees at all for the first six months of ETF trading. By Crypto Australia

Only 4️⃣left 4/20 By Crypto Australia

Despite Bitcoin's remarkable price performance, a significant portion of BTC remains inactive, qualifying as Long-Term Holder status in the wallets of investors. Out of the total circulating supply of 19.574 million BTC, more than 14.900 million (76.1%) are stored off exchanges and have not undergone any transactions in over 155 days, marking an increase of 825,000 BTC year-to-date. Consequently, the Short-Term Holder Supply is currently at an all-time low of 2.317 million BTC. By Crypto Australia

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