Bitcoin Etfs Hold 5.87% Of Supply Amid Bullish Sentiment

Bitcoin ETFs are becoming a focal point in the cryptocurrency landscape, particularly as the price of Bitcoin hovers around critical levels.Recent market analysis indicates that these exchange-traded funds now hold about 5.87% of Bitcoin’s total supply, reflecting a robust institutional Bitcoin demand that underscores confidence in the asset’s long-term value.

Bitcoin Price Consolidation: What Comes Next?

Bitcoin price consolidation has become a focal point for investors and analysts alike, as the cryptocurrency navigates a critical phase in its market cycle.Since reaching an all-time high of $108,268 on November 19, Bitcoin’s price has been stabilizing within a range between $91,000 and $108,268.

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