HomeCrypto GamingShiba Inu (SHIB) Rings Greed Alarm As Bitcoin (BTC) Eyes Record High

Shiba Inu (SHIB) Rings Greed Alarm As Bitcoin (BTC) Eyes Record High

-

“Over-the-counter (OTC) trading desks are dealing with large institutional clients, and according to their aggregate inventory data, balances have decreased from nearly 10,000 Bitcoins in Q2 2023 to less than 2,000. This shows that institutions such as the Bitcoin ETF issuers, through their market makers, will have to purchase Bitcoins directly from exchanges. The supply/demand imbalance is 1:10 (daily mined vs. daily ETF demand),” Thielen famous.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut

U.S. Sen. Tim Scott (R-S.C.), the highest Republican on the Senate Banking Committee who could also be in place to be its subsequent chairman,...

Forge launches Season 2 alongside self-service dev tools

Web3 gaming reward platform Forge is opening up with the launch of Season 2 rewards in addition to the discharge of self-service instruments, enabling...

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

"The development represents a major leap forward for the BitVMX proving system, demonstrating the ability to challenge and validate the execution of a SNARK...

Spielworks rekindles Chainmonsters with Telegram app Tapmonsters

Formally sunsetted by its authentic developer, web3 monster-hunter Chainmonsters was lately revived with the announcement that blockchain gaming firm Spielworks had acquired it. Now...

Most Popular

spot_img