Bitcoin finds colors with one of the best historical months

ETF Bitcoin Spot has just signed its second best historical week with clean items $ 3.24 billion. This magnificent revival of interest occurs in the still uncertain economic climate, but revives hope of the dynamic fourth quarter for the crypto market. These massive flows far from the simple start reflect a clear reversal of the feeling of institutional investors on the outskirts of October historically favorable to bitcoins.

Record items and brutal conversion of feeling

While many analysts predict the historical end of the year for the flagship, the Bitcoin place in the United States recorded $ 3.24 billion last week last week, according to the data compiled by SOSVALUE.

This number is governed by the last week, which is characterized by a selection of $ 902 million, which illustrates the brutal turn in the flow dynamics. This is the second best week in terms of net records since the launch of these products, just for 3.38 billion affected at the end of November 2024.

Iliya Kalchev, an analyst of Nexo, explains this meteor recovery by changing the mood of investors: “The new expectations of lower interest rates in the United States have made a change in feeling and attracted the renewed demand for ETF bitcoins”.

This massive flow comes, while bitcoins develop near key technical levels where ETF absorption deepens, while the sales pressure of long -term holders disappears. Kalchev emphasizes that this situation contributes to creating a stronger base for the asset. According to its projections, if the current dynamics continues, the market could see:

• More than 100,000 BTCS withdrew from the fourth quarter;
• Or more than double the volume of new BTCs issued through the mining process;
• The mechanical effect of the rarity reinforced by a decrease in the floating offer;
• Stronger correlation between influx and BTC prices.

These elements strengthen the thesis that the Bitcoin ETF has now become the main barometer of the institutional feeling in the crypto sector.

Between the Bull’s seasonality and macroeconomic expectations

In addition to raw numbers, this ascending dynamics is part of the general framework, at Uptuber, a historically favorable month for bitcoins. According to Correglass data, October is displayed on average monthly revenues of almost 20 %, which is second in the best months for BTC, November.

This well -known seasonality nourishes the optimism of analysts for ascending move at the beginning of the quarter, carried records in the ETF and the economic situation perceived as more helpful.

“Uptuber shows clear signs of breaks at the beginning of the fourth quarter, driven flows to the ETF, seasonal forces and more flexible macroeconomic conditions”says Kalchev.

However, Momentum can be alleviated by several determining events expected in the coming days. The President Fed, Jerome Powell and the publication of the last FomC meeting, could change the expectations of the market.

This is added to the uncertainty associated with the publication of a monthly employment report in the United States, which now depends on the duration of the current shutdown of the government. These elements weigh in short -term readability and could strengthen or break the current momentum in one direction as in the other.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.