Bitcoin (BTC) Update: Bullish Momentum Keeps Pushing Towards $70,000 Following Halving Event

Welcome to Extreme Investor Network, where we dive deep into the latest trends and news in the world of trading, Wall Street, and the Stock Market. Today, we’re taking a closer look at the BTC-spot ETF market flow trends and how they reflect investor sentiment toward the recent Bitcoin Halving.

The BTC-spot ETF market recently broke its streak of five successive sessions of net outflows, with total net inflows of $59.7 million on Friday, April 19. In particular, iShares Bitcoin Trust (IBIT) saw 69 consecutive sessions of net inflows. However, for the week ending April 19, the market saw total net outflows of $204.3 million.

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Post Bitcoin Halving, all eyes are now turning towards the demand side of the supply-demand equation. A potential uptrend in BTC-spot ETF market inflows could drive buyer demand for BTC, leading to interesting market movements in the near future.

Notable figures in the industry, such as Ripple (XRP) CEO Brad Garlinghouse and MicroStrategy (MSTR) founder and Chairman Michael Saylor, have expressed optimistic outlooks for the market. Garlinghouse recently discussed the influence of the BTC-spot ETF market and the Halving on the supply-demand balance, stating that his previous prediction of a $5 trillion crypto market may have been too conservative.

On the other hand, Saylor highlighted the impact of the BTC-spot ETF market and the Halving on the supply-demand dynamic, underscoring the significance of these factors in shaping the current market landscape.

Related:  Bitcoin Halving Approaches as Spot ETF Flows Indicate Investor Wariness

As the market continues to evolve post-Halving, staying informed on the latest trends and developments will be crucial for investors looking to navigate the ever-changing landscape of the Stock Market. Stay tuned to Extreme Investor Network for more insights and analysis on all things trading and Wall Street.

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