BIT Daily Market Briefing 07/19 - Survey Shows Mt. Gox Creditors Not Eager to Sell Bitcoin
A survey conducted in the Mt.Gox subreddit of the Reddit community shows that approximately 260 Mt.Gox creditors (56% of the 467 participants in the survey) plan to continue holding Bitcoin after receiving compensation.Daily Market Briefing
2024/07/19 12:00 UTC+8
2024/07/19 12:20 UTC+8
Analyst Opinions
"A survey conducted in the Mt.Gox subreddit of the Reddit community shows that about 260 Mt.Gox creditors (56% of the 467 participants) plan to continue holding Bitcoin after receiving compensation, while only 88 respondents (about 20% of all participants) indicated that they would sell all the BTC received as compensation. This survey may reflect the overall sentiment of investors in the Mt.Gox section." - CoinTelegraph
"Information on some Ethereum ETFs has been added to the Bloomberg terminal. This includes ETHW from Bitwise, CETH from 21Shares, and FETH from Fidelity. Other funds are likely to be added tomorrow and Monday, with trading scheduled to begin next week." - James Seyffart, Bloomberg Analyst
"Currently, the demand from retail Bitcoin investors is at its lowest point in three years, as measured by a 30-day change curve of total transfers below $10,000." - Ki Young Ju, CryptoQuant CEO
Market Highlights
- Yesterday, the total net inflow for U.S. Bitcoin spot ETFs was $85 million, marking ten consecutive days of net inflows.
- Today's Fear and Greed Index (FGI) is at 60, still indicating a state of greed.
- A user purchased 100,000 call options expiring at the end of the year, totaling 1,250 BTC, paying a premium of $4.737 million.
