Bitcoin Shakes Things Up, Hitting $52K Again
It’s a rib‑cage‑thrilling kind of week for the world’s most famous digital gold. Bitcoin has managed to stay above the $52,000 mark as new week rolls in, boasting its best weekly close since November 2021. That’s a solid fourth week of gains – a feat that would make even the most seasoned traders smile.
Money Flow Snapshot
- Net inflows: Over
$2.2 billionpoured into Bitcoin during the last week. - GBTC outflows: Thinned down to about
$624 million, a modest decline in what’s usually a storm of selling.
The ETF Story
Spot ETFs are doing the heavy lifting here. The iShares Bitcoin Trust (IBIT) led the charge, raking in $1.6 billion in fresh money this week alone. Over its lifetime, IBIT has attracted a staggering $5.2 billion net inflows.
Conversely, the Grayscale Bitcoin Trust (GBTC) continues to bleed $7 billion since the launch of those bright-eyed ETFs. Last Friday alone saw an outflow spike of $173 million, the highest in February.
Liquidation Lull
Bitcoin’s surge to $52k triggered a flurry of profit‑take trades. According to CoinGlass, sellers lifted $285 million off the table over the last four days. Bitcoin itself accounted for just $63 million of those moves – a pretty small slice compared to the usual “long‑haul” sell‑off sprees.
Why This Matters
Investors are feeling confident: spot ETF inflows are on the rise, GBTC outflows are keeping a walk. The upcoming halving event – with its history of bullish twists – could give the market the extra “oomph” to keep those long positions alive. In short: a cautious optimism is building, and we might see the next wave of gains roll in.
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