Bitcoin Surges Past $97K as ETFs Soar, Outshining Gold in Institutional Investments
February 20, 2025
Currently, Bitcoin ETFs hold over $110 billion in total assets, reflecting a significant transition in investment strategies favoring digital assets over traditional ones like gold.
Former U.S. President Donald Trump's pro-crypto stance has further bolstered interest in Bitcoin among institutional investors, promoting its image as a safe-haven asset.
Bitcoin (BTC) has recently surpassed $97,300, driven by strong institutional interest and the growing popularity of BTC exchange-traded funds (ETFs).
The Puell Multiple was at 2.1 on February 10, 2025, suggesting miners were experiencing above-average profitability.
The UTXO Age Bands metric showed an increase in coins held for less than one month, reaching 2.3 million on February 9, 2025, suggesting increased short-term trading activity.
As of February 10, 2025, Bitcoin's price was $56,320, marking a 7% increase from the previous week, and since January 1, 2025, it has risen by 23%, showcasing a consistent upward trend.
The Spent Output Profit Ratio (SOPR) was at 1.05 on February 11, 2025, indicating that most transactions were profitable.
Spot Bitcoin ETFs have accumulated over $40 billion in net inflows, significantly outperforming gold ETFs, which attracted only $203 million despite a surge in gold prices.
The overall trend in BTC ETFs, technical indicators, and AI integration points to a bullish outlook for Bitcoin and potential profitable trading strategies in the AI/crypto crossover space.
On February 10, 2025, Bitcoin trading volume reached $34.5 billion, indicating robust market activity, with the BTC/USD trading pair on Binance averaging a daily volume of $12.3 billion.
The 50-day moving average for BTC was $53,200, while the 200-day moving average was $48,500 on February 11, 2025, indicating a strong upward trend.
The Net Unrealized Profit/Loss (NUPL) for BTC was at 0.35 on February 10, 2025, reflecting cautiously optimistic market sentiment.
Summary based on 2 sources
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Cryptonews • Feb 20, 2025
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Blockchain.News • Feb 12, 2025
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