Short-term holders drive Bitcoin's post-ETF volatility

01/16/2024 11:00

On-chain data showed a spike in exchange inflows from short-term holders in response to the approval of the Bitcoin ETF.

Short-term holders drive Bitcoin’s post-ETF volatility 50 seconds ago · 3 min read

Spike in exchange inflows from short-term holders marks sharp response to Bitcoin ETF news.

3 min read

Updated: January 15, 2024 at 11:19 pm

Short-term holders drive Bitcoin’s post-ETF volatility

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The approval of the first spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) on Jan. 10 was a significant milestone in the crypto market. However, the milestone led to even more significant volatility in Bitcoin’s price and on-chain activity. Initially, Bitcoin’s price showed a positive reaction to the news of the ETF […]