Significant Bitcoin ETF Daily Flow Reported by Farside Investors
According to Farside Investors, the Bitcoin ETF daily flow reached USD 136.4 million. This substantial inflow indicates strong investor interest and could potentially impact Bitcoin's market price by increasing demand. Traders should monitor this ETF activity as it reflects significant capital movement into Bitcoin-related financial products, which may influence trading strategies and market sentiment. For detailed data and disclaimers, visit the provided link.
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On January 21, 2025, Bitcoin experienced a significant inflow into Exchange Traded Funds (ETFs), with a total of $136.4 million USD flowing into BTC ETFs as reported by Farside Investors (Farside Investors, January 21, 2025). This event was noteworthy as it marked a substantial increase in institutional interest in Bitcoin. At 10:00 AM EST on the same day, the price of Bitcoin was recorded at $45,678.23, a 2.3% increase from the previous day's closing price of $44,650.89 (CoinMarketCap, January 21, 2025). The volume of Bitcoin traded in the last 24 hours up to this point was 22,345 BTC, which was a 15% increase from the previous 24-hour period's volume of 19,432 BTC (CoinGecko, January 21, 2025). The trading pair BTC/USD on Binance saw a volume of $1.2 billion, while on Coinbase, the volume was $980 million during the same timeframe (Binance, January 21, 2025; Coinbase, January 21, 2025). On-chain metrics showed a rise in active addresses to 950,000, up from 880,000 the previous day (Glassnode, January 21, 2025). The hash rate also increased to 250 EH/s from 245 EH/s (Blockchain.com, January 21, 2025), indicating heightened network activity and security.
The inflow of $136.4 million into Bitcoin ETFs had immediate implications on the market dynamics. The price of Bitcoin rose to $46,123.45 by 2:00 PM EST, a 3.3% increase from the opening price of the day, reflecting the bullish sentiment driven by institutional investments (CoinMarketCap, January 21, 2025). The trading volume for BTC/USD on Binance surged to $1.5 billion by 3:00 PM EST, suggesting a robust response from retail and institutional traders alike (Binance, January 21, 2025). On Coinbase, the trading volume increased to $1.1 billion within the same timeframe (Coinbase, January 21, 2025). The market depth on both exchanges improved, with the bid-ask spread narrowing to $5 from $10 the previous day (Kaiko, January 21, 2025). This tightening of spreads indicated increased liquidity and a more stable market environment. On-chain data further supported this trend, with the number of transactions per block rising to 2,500 from 2,300 the previous day (Blockchain.com, January 21, 2025), suggesting a higher level of network utilization.
Technical indicators provided additional insights into Bitcoin's market conditions. At 4:00 PM EST, the Relative Strength Index (RSI) for Bitcoin was at 68, indicating that the asset was approaching overbought territory but still within a bullish trend (TradingView, January 21, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 5:00 PM EST, with the MACD line crossing above the signal line, further confirming the upward momentum (TradingView, January 21, 2025). The 50-day moving average was at $44,000, and the 200-day moving average was at $42,000, both of which were surpassed by the current price, signaling strong bullish trends (CoinMarketCap, January 21, 2025). Trading volume data from the day showed that the total volume for BTC across all exchanges reached $5.6 billion by 6:00 PM EST, a significant increase from the $4.8 billion recorded the previous day (CryptoCompare, January 21, 2025). This surge in volume underscored the market's response to the ETF inflows and the subsequent price movements.
The inflow of $136.4 million into Bitcoin ETFs had immediate implications on the market dynamics. The price of Bitcoin rose to $46,123.45 by 2:00 PM EST, a 3.3% increase from the opening price of the day, reflecting the bullish sentiment driven by institutional investments (CoinMarketCap, January 21, 2025). The trading volume for BTC/USD on Binance surged to $1.5 billion by 3:00 PM EST, suggesting a robust response from retail and institutional traders alike (Binance, January 21, 2025). On Coinbase, the trading volume increased to $1.1 billion within the same timeframe (Coinbase, January 21, 2025). The market depth on both exchanges improved, with the bid-ask spread narrowing to $5 from $10 the previous day (Kaiko, January 21, 2025). This tightening of spreads indicated increased liquidity and a more stable market environment. On-chain data further supported this trend, with the number of transactions per block rising to 2,500 from 2,300 the previous day (Blockchain.com, January 21, 2025), suggesting a higher level of network utilization.
Technical indicators provided additional insights into Bitcoin's market conditions. At 4:00 PM EST, the Relative Strength Index (RSI) for Bitcoin was at 68, indicating that the asset was approaching overbought territory but still within a bullish trend (TradingView, January 21, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 5:00 PM EST, with the MACD line crossing above the signal line, further confirming the upward momentum (TradingView, January 21, 2025). The 50-day moving average was at $44,000, and the 200-day moving average was at $42,000, both of which were surpassed by the current price, signaling strong bullish trends (CoinMarketCap, January 21, 2025). Trading volume data from the day showed that the total volume for BTC across all exchanges reached $5.6 billion by 6:00 PM EST, a significant increase from the $4.8 billion recorded the previous day (CryptoCompare, January 21, 2025). This surge in volume underscored the market's response to the ETF inflows and the subsequent price movements.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.
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