Bitcoin Bounce Back: Will It Break $63K Level As $253.6M in BTC ETFs Spark Bullish Hopes!

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Bitcoin is on its way to making a strong comeback. After dropping to $59,000, BTC has climbed back above the crucial $62,000 level, capturing everyone’s attention again! Meanwhile, data from On-chain ...

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Meanwhile, data from On-chain ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/670a2eb3f93283019f8f45c7/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Bounce Back: Will It Break $63K Level As $253.6M in BTC ETFs Spark Bullish Hopes!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Bounce Back: Will It Break $63K Level As $253.6M in BTC ETFs Spark Bullish Hopes!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-12 16:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/670a2eb3f93283019f8f45c7/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin is on its way to making a strong comeback. After dropping to $59,000, BTC has climbed back above the crucial $62,000 level, capturing everyone’s attention again! Meanwhile, data from On-chain ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/670a2eb3f93283019f8f45c7/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/670a2eb3f93283019f8f45c7/","article_id":"2474888711","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/f00187fc7db347f9ae6f567d234395a7.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474888711","pubTimestamp":1728720563,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Bitcoin is on its way to making a strong comeback. After dropping to $59,000, BTC has climbed back above the crucial $62,000 level, capturing everyone’s attention again!Meanwhile, data from On-chain data provider CryptoQuant shows that the number of Short-Term Holders  has fallen from 55%.Besides this, spot Bitcoin ETFs have recorded a big net inflow of $253.6 million after three days of losses.Bitcoin At Crucial Level: Will It Hold $62.7K?As Bitcoin's price continues to trade sideways, the spotlight is now on short-term holders  and how they affect market movements. Recent analysis from CryptoQuant shows a notable drop in the realized share of STH, falling from 55% three months ago to 40% today.Meanwhile, if Bitcoin can break above $62.7K, it may signal a more positive market. Specifically, if it rises above $63K with strong trading volume, it may trigger short-term bullish momentum, encouraging more buying activity among traders. Notably, BlackRock’s iShares Bitcoin Trust  saw no inf","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc.","BRRR":"Valkyrie Bitcoin Fund","BK4550":"红杉资本持仓","BK4588":"碎股","BTC":"Grayscale Bitcoin Mini Trust","BITB":"Bitwise Bitcoin ETF","EZBC":"Franklin Bitcoin ETF","BABA":"阿里巴巴","FDN":"First Trust Dow Jones Internet I","GBTC":"Grayscale Bitcoin Trust","BITO":"ProShares Bitcoin ETF","HODL":"VanEck Bitcoin Trust ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BTCW":"WisdomTree Bitcoin Fund","IBIT":"iShares Bitcoin Trust","BTCO":"Invesco Galaxy Bitcoin ETF","DEFI":"Hashdex Bitcoin ETF"},"translate_title":"比特币反弹：随着2.536亿美元的BTC ETF引发看涨希望，它会突破63,000美元的水平吗！","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BABA":1,"BTC":1,"IBIT":0.9,"COIN":0.8,"FBTC":0.79,"FDN":0.79,"BITB":0.79,"BRRR":0.66,"BITO":0.66,"BTCO":0.66,"BTCW":0.66,"DEFI":0.66,"EZBC":0.66,"GBTC":0.66,"HODL":0.66},"content_text":"Bitcoin is on its way to making a strong comeback. After dropping to $59,000, BTC has climbed back above the crucial $62,000 level, capturing everyone’s attention again! Meanwhile, data from On-chain data provider CryptoQuant shows that the number of Short-Term Holders (STH) has fallen from 55%. \nBesides this, spot Bitcoin ETFs have recorded a big net inflow of $253.6 million after three days of losses. \nBitcoin At Crucial Level: Will It Hold $62.7K?\nAs Bitcoin's price continues to trade sideways, the spotlight is now on short-term holders (STH) and how they affect market movements. Recent analysis from CryptoQuant shows a notable drop in the realized share of STH, falling from 55% three months ago to 40% today. \n\n\n  https://twitter.com/cryptoquant_com/status/1844836341768405322\n \n\nThis change suggests that short-term holders are becoming more sensitive to price fluctuations, especially those who have held Bitcoin for one week to six months.\nCryptoQuant further highlights that the key price level for STH is currently $62.7K. This level has been steady over the past three months, showing its importance in guiding market trends. \nMeanwhile, if Bitcoin can break above $62.7K, it may signal a more positive market. Specifically, if it rises above $63K with strong trading volume,  it may trigger short-term bullish momentum, encouraging more buying activity among traders\nBitcoin ETF Saw Net Inflow After 3 Days\nAdding optimism into the market, on October 11, spot Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround, recording net inflows of $253.6 million after three days of outflows. This inflow was largely driven by the Fidelity Wise Origin Bitcoin Fund, which led with an impressive $117.1 million. \nAdditionally, the ARK 21Shares Bitcoin ETF saw $97.6 million in inflows, while the Bitwise Bitcoin ETF attracted $38.8 million.\nNotably, BlackRock’s iShares Bitcoin Trust (IBIT) saw no inflow that day, marking it as the third-largest inflow day without any contribution from IBIT.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474888711"}