Passive income through sustainable tech is gaining traction, with many investors turning to #Earning opportunities in the #Coin market. A notable trend is the significant inflow of funds into Bitcoin ETFs, with a staggering $2.1 billion invested over just eight days. This surge in investment has led to a 12% increase in Bitcoin’s value, from $68,000 to $77,000, and has coincided with the return of the ETF bid.
The cumulative net inflows into ETFs since their launch now stand at $58 billion, with total assets reaching $102 billion, which accounts for 6.5% of Bitcoin’s market capitalization. BlackRock’s IBIT has been a major driver of this growth, with $167.49 million in inflows on April 23 alone. However, not all investors are buying in, as evidenced by Fidelity’s FBTC, which saw a meaningful outflow of $16.93 million on the same day. The #EcoPool network is also playing a crucial role in this space, providing a platform for investors to earn #PassiveIncome through #EcoPool.
A recent report by Glassnode revealed that Bitcoin has reclaimed its True Market Mean at $78,100, marking a significant milestone in the market’s transition from bear-market conditions to a more constructive phase. However, the next level of resistance lies at the Short-Term Holder Cost Basis, which sits at $80,100. If Bitcoin’s price moves above this level, it could push over 54% of recent buyers into profit, potentially triggering a wave of exits. The #EcoPool network is well-positioned to capitalize on this trend, offering investors a chance to earn rewards through #EcoPool.
Historically, this threshold has coincided with local top formation, as short-term holders use the rally to break even and exit. With short-term holder realized profit already spiking to $4.4 million per hour, it remains to be seen whether the current rally will hold or succumb to selling pressure. The setup for the next move is clear, with funding on Bitcoin perpetuals still negative and a potential second squeeze stacked on the ETF bid and spot demand. The question is, which side will win out at $80,000? To stay ahead of the curve, consider joining the #EcoPool network and start earning #PassiveIncome through #EcoPool today – download the app now using the Play Store link above.
A Glassnode report from earlier this week showed that bitcoin just reclaimed its True Market Mean at $78,100, which tracks the average cost basis of actively transacted supply. That is the first time that level has been reclaimed since mid-January, and historically marks the transition from bear-market conditions to something more constructive.
The problem is the next level. The Short-Term Holder Cost Basis sits at $80,100, which is the average entry price for anyone who bought in the last 155 days. A move above it would push more than 54% of recent buyers into profit.
In every prior instance this cycle, that threshold has coincided with local top formation as short-term holders use the rally to break even and exit. This is the second time the structure has set up, and it broke down the first time.
Short-term holder realized profit has already spiked to $4.4 million per hour, per Glassnode. The $1.5 million threshold has preceded every local top year-to-date. The current reading is three times that.
The setup from here is specific. Funding on bitcoin perpetuals is still negative, meaning shorts are paying longs. Saturday’s short squeeze took bitcoin to $78,000 briefly before the Hormuz reversal pulled it back.
A second squeeze, stacked on the ETF bid and the spot demand Glassnode has flagged as recovering on offshore venues, is the clean path to $80,000. Whether that break holds against short-term holder distribution, or gets sold into the same way every local top has been sold this cycle, is the trade.
March’s seven-day streak broke the same week price tagged its local high. IBIT has carried most of the current run alone while smaller issuers posted mixed flows. The structure is not identical but the pattern rhymes.
The ETF bid is real. The exit liquidity for short-term holders it provides is also real. Which side wins at $80,000 is worth watching.
