Bitcoin's price has seen double-digit gains in the past week due to institutional demand, as evidenced by major inflows to spot Bitcoin ETFs. This has led to a drop in retail participation during the ongoing rally. Crypto analyst Ali Martinez suggests that this indicates a potential reconfiguration of market dynamics as institutional interest takes center stage. Despite expectations of a supply shortage due to heightened demand from US spot Bitcoin ETFs, liquidity in the cryptocurrency market has actually improved since their introduction. However, there is a surplus of tokens circulating within the market and selling pressure may increase due to court rulings permitting companies to liquidate their GBTC holdings and miners increasing their selling activity.

According to data from HODL15Capital, Canadians continue to sell shares of the Purpose Bitcoin ETF. Purpose sold 188 bitcoins yesterday, and has sold 4,000 bitcoins since the launch of the US ETF.

The donation went through Coinbase’s GiveCrypto initiative, which the exchange announced in December it planned to wind down.

The National Banking and Securities Commission of Honduras imposed the ban because of the country’s lack of regulation.

On February 17th, Celsius announced that its qualified creditors have claimed over $2 billion worth of Bitcoin and Ethereum through channels such as PayPal, Venmo, and Coinbase. The official statement mentioned that the team is exploring solutions to restrict mailing USD checks and will allow some creditors to choose to receive fund allocations through wire transfer.

Bitwise CEO Hunter Horsley posted on social media that on February 16, $21 million flowed into BITB, representing investors buying Bitcoin.  The total inflow this week reached $230 million, and the asset management scale is now about $1.2 billion.

The market shows that BTC has fallen below $52,000 and is now trading at $51,997.3, with a daily increase of 0.21%. The market is highly volatile, so please be prepared for risk control.

Why does bitcoin’s long-term price just keep going up? This seemingly evergreen topic has a tendency to bring out some of the wildest takes imaginable, with institutional proximity tending to be inversely related to explanatory power.

Data shows that Bitcoin hit a new historical high of 7.9 million yen on the Japanese cryptocurrency trading platform bitFLYER on Monday this week. In comparison, the Bitcoin price in US dollars is $52,000, which is 32% lower than the historical high of $69,000 in November 2021. This price difference reflects the pressure on the yen under the continued loose policy of the Bank of Japan (BOJ) and inflation recovery, despite the significant interest rate hikes by the Federal Reserve and other central banks in 2022 and 2023 to curb inflation. The Bank of Japan will maintain zero interest rates and continue to print a large amount of currency. Japan's core inflation rose 3.1% in 2023, the largest increase since 1982, and the yen depreciated by 8% in 2023.

Bitcoin’s price has been on a relentless ascent, momentarily crossing the $50,000 threshold. This surge is partly fuelled by increased investments in Bitcoin ETFs and a reduction in selling pressure from GBTC. However, the dynamics extend beyond ETF activities. A resurgence in global liquidity is bolstering both equity and digital asset markets, reflecting an uptick in the money supply.

Asset management company ByteTree data showed that since October 2023, the global Bitcoin allocation in exchange-traded products (ETPs) has increased by nearly 100,000 BTC, currently holding about 890,000 BTC, accounting for approximately 4.56% of Bitcoin's circulating supply. In just the past 7 days, global Bitcoin ETP has surged by about 25,000 BTC, the largest weekly increase since early 2021.

According to Deribit data, nominal value of over $966 million in BTC options and $543 million in ETH options contracts will expire and settle this Friday (February 16th). The maximum pain point price for BTC is $45,500, and for ETH it is $2,350.

The market showed BTC breaking through $51,000, currently reporting at $5,102.1, with a daily increase of 1.89%. The market is volatile, so please be prepared for risk control.

According to data compiled by Coingecko, the price of Bitcoin on Valentine's Day 2024 reached a new high of $49,732. The specific prices for each year are as follows:

An analyst has stated that risky assets such as Bitcoin seem to be able to withstand the stickiness of inflation in the United States and the decreased likelihood of a rate cut by the Federal Reserve in the first half of this year. The market predicts that Bitcoin is poised to reach a new all-time high this year with confidence.

According to a report from IG Australia Pty market analyst Tony Sycamore, despite worsening overnight risk sentiment, Bitcoin still shows impressive resilience. At the same time, separate technical analysis based on chart patterns suggests that it could temporarily fall to $30,000. Caroline Mauron, co-founder of Orbit Markets, a provider of digital asset derivatives liquidity, said that we expect the market to pause briefly before the upcoming Bitcoin halving, after experiencing an amazing four-month rally.

The Fear & Greed Index, which measures market sentiment for bitcoin and other digital assets, has reached a score of 79 out of 100, indicating a period of "extreme greed" among traders. This level was last seen in November 2021 when bitcoin hit its all-time high of $69,000. However, it is important to note that when investors become too greedy, the market is typically due for a correction. The index has consistently been above the threshold for "greed" since October 2021, but fell to 50 in January following the approval of bitcoin ETFs. Despite this, bitcoin has more than doubled in price over the past year, reaching a high of over $50,000 yesterday.

On February 14th, the BitVol (Bitcoin volatility) index launched by financial index company T3 Index in conjunction with Bitcoin options trading platform LedgerX fell to 57.11 yesterday, with a daily decline of 3.02%.

According to OKX market data, on February 8th, Bitcoin rose and broke through $45,000, currently priced at $45,150, with a 24-hour increase of 4.43%.

On-chain data provides both investors and analysts with a plethora of new tools to diagnose and assess the state of the chain from a multitude of viewpoints. In this article, we produce a new framework for assessing the degree of market risk across various data categories.