Bitcoin Technical Analysis: Latest Updates and Institutional Investments

TLDRBitcoin experienced a dip in price but quickly recovered. South Korea's opposition party supports lifting the ban on Bitcoin ETFs. Bitcoin holdings on Coinbase reached a 9-year low as users move their holdings off the exchange. Institutions poured a record $2.45 billion into crypto ETFs in one week.

Key insights

📉Bitcoin experienced a dip in price but quickly recovered.

🚀South Korea's opposition party supports lifting the ban on Bitcoin ETFs.

🔒Bitcoin holdings on Coinbase reached a 9-year low as users move their holdings off the exchange.

💰Institutions poured a record $2.45 billion into crypto ETFs in one week.

⚡️Bitcoin supply is decreasing due to institutional demand and upcoming halving.

Q&A

What happened to Bitcoin's price?

Bitcoin experienced a dip but quickly recovered.

What is the latest update on Bitcoin ETFs in South Korea?

South Korea's opposition party now supports lifting the ban on Bitcoin ETFs.

Why did Bitcoin holdings on Coinbase reach a 9-year low?

Users are moving their Bitcoin holdings off the exchange.

How much institutional investment was made in crypto ETFs?

Institutions poured a record $2.45 billion into crypto ETFs in one week.

What is causing the decrease in Bitcoin supply?

Institutional demand and the upcoming halving are reducing the available Bitcoin supply.

Timestamped Summary

00:00Bitcoin experienced a dip in price but quickly recovered.

00:40South Korea's opposition party now supports lifting the ban on Bitcoin ETFs.

01:18Bitcoin holdings on Coinbase reached a 9-year low as users move their holdings off the exchange.

01:59Institutions poured a record $2.45 billion into crypto ETFs in one week.

06:56Bitcoin supply is decreasing due to institutional demand and the upcoming halving.