Bitcoin ETF Launch Make BTC Price Shoot Up As Plenty Altcoin Dey Liquidate And Market Trend Dey Different-Different
Bitcoin recent rise na happen largely because big big companies dey demand am well well after dem launch spot Bitcoin ETFs. This one make BTC price shoot up well well, with plenty short liquidations for Bitcoin—pass long liquidations by $190 million, based on Binance data. As institutional money dey flow in, Bitcoin don turn to a stable digital asset wey people dey rush. Meanwhile, altcoins don see over $1 billion for long liquidations, as traders wey use leverage to bet on market rally fail. Since December 2024, the way Bitcoin and altcoins dey liquidate don wide well well, showing say Bitcoin still be oga and altcoin trading get more risk. Unless people mind change and money start to flow back to altcoins, this separation go continue. Traders need to dey careful with leveraged positions for altcoins as Bitcoin still dey dominate and crypto market trends dey change.
Bullish
As dem launch spot Bitcoin ETFs, plenty big-big money from institutions don enter Bitcoin, wey just make di price jampass quick-quick and make BTC dey control di market. Di data show say dem liquidate short positions for Bitcoin too much, wey be clear sign say pikin dey buy and pipu don dey see Bitcoin as safe place for risk. But for altcoins, plenty long positions don liquidate, wey show say pipu no wan take risk again and money dey commot from assets wey dey shake too much. This market wey dey split in two just show say Bitcoin be di main choice when plenty institutions dey involved. All these tin dem usually mean say Bitcoin go price well for short and long run, e go push di price up and make am stronger as safe haven compared to di general crypto market.