After Bitcoin reached a high of $64,822 at about 9:00 yesterday morning (25th), it has fluctuated downwards in the past 24 hours, hitting a low of $62,671 at about 09:30.
At the time of writing, there has been a rebound, and it has once again fluctuated around $63,000. However, if this position cannot be held, it may test $62,000 again.
The entire network liquidated $93.75 million in the past 24 hours
According to data from Coinglass, in the past 24 hours, the amount of cryptocurrency liquidation across the entire network was US$93.75 million, of which more than US$70 million in long positions accounted for the majority, and a total of about 45,000 people were liquidated.
Mt. Gox exchange still holds $2.85 billion in Bitcoin
Although market sentiment has picked up recently and is bullish, don't forget that after Mt. Gox, once the world's largest Bitcoin exchange, started repayment in early July this year, the selling pressure caused by the differences in the time it takes for each platform to repay creditors is expected to It will last until October.
According to official instructions, 95,000 of the 141,000 Bitcoins to be distributed by Mt. Gox will be distributed starting in July to creditors who choose early distribution and accept a 10% reduction. According to Arkham data, Mt. Gox seems to have distributed all of these tokens in the past three months. It is unclear how much of the tokens have not yet been submitted to creditors, which may cause sporadic selling pressure.
Currently, the Mt. Gox wallet address still holds 44,900 BTC (valued at US$2.85 billion). The dynamic zone will continue to track the next repayment time for you.
Bitcoin spot ETF has seen net inflows for 4 consecutive days
Another important indicator that affects the market: Bitcoin Spot ETF. According to Sosovalue data, since September 19, the U.S. Bitcoin spot ETF has experienced net inflows for four consecutive trading days. As of September 24, the capital scale of the U.S. Bitcoin spot ETF has reached 58.67 billion U.S. dollars, accounting for 10% of Bitcoin. 4.62% of market capitalization.
Bloomberg ETF analyst: U.S. Bitcoin spot ETF holdings reached 916,047 BTC
As the Bitcoin spot ETF regained net inflows of funds, Bloomberg ETF senior analyst Eric Balchunas also released statistics on social platform It has received a cumulative net inflow of US$17.8 billion, and currently holds a total of 916,047 BTC, and will soon complete the feat of surpassing Satoshi Nakamoto’s holdings:
The U.S. Bitcoin ETF performed well yesterday. It has hit a new high of $17.8 billion in capital inflows so far this year. They are now 92% away from their goal of owning 1 million BTC, and are far away from surpassing Satoshi Nakamoto’s position and becoming the largest holder. Already 83% complete.
