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Why Bitcoin’s Price Isn’t Booming Despite ETF Demand & Controversial ZKSync Airdrop
Manage episode 423279681 series 2981868
Collective Shift द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Collective Shift या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Matt breaks down why Bitcoin’s price is not surging despite there being such strong ETF demand. He also covers the big week ahead for macro, Coinbase Smart Wallet, continued institutional adoption, and altcoin updates.
Key Takeaways
- Spot Bitcoin ETF demand continued to surge, yet prices held steady. It is becoming increasingly evident that more hedge funds are buying these ETFs while shorting BTC on the futures market (i.e. executing a cash-and-carry trade).
- The big macro event to watch this week will be the U.S. Federal Reserve’s interest-rate decision (June 12). The U.S. CPI data release (June 12) will also be closely watched. If these are in line with expectations, a relief rally is highly likely.
- Coinbase announced its smart wallet in an effort to dramatically simplify onboarding, eliminate network fees, and remove recovery phrases.
- Among the altcoin updates covered: Arweave’s upcoming AO token, Optimism’s important upgrade, and airdrop details for ZKsync (ZK).
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