Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-investors-stay-passive-during-election-day" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Investors Stay Passive During Election Day</a><br></p>
<p style="text-align: justify">CryptoQuant, a blockchain analytics company, has revealed that <a href="https://en.bitcoinhaber.net/analysts-raise-eth-etf-expectations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> stakeholders in the U.S. exhibited a noticeable lack of activity during the recent presidential election. This trend reflects a larger pattern of trading behavior associated with pivotal political occurrences.</p>
<h2 id="what-does-the-bitcoin-premium-reveal">What Does the Bitcoin Premium Reveal?</h2>
<p style="text-align: justify">The Coinbase Bitcoin premium, which measures the price difference between Coinbase Pro and <a href="https://en.bitcoinhaber.net/the-ripple-effect-of-binances-us-deal-what-lies-ahead" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, has been negative for 32 consecutive days. On October 24, this premium reached -0.2% but stabilized at -0.06% during the election period, indicating diminished Bitcoin demand in the U.S. compared to international markets.</p>
<h2 id="how-are-etf-investments-being-affected">How Are ETF Investments Being Affected?</h2>
<p style="text-align: justify">In conjunction with the negative premium trend, daily net flows to spot Bitcoin ETFs plunged to a six-month low, with a recorded exit of $541 million on election day. This data suggests that many traders were withdrawing from ETFs prior to the election.</p>
<p style="text-align: justify">Key takeaways from the current Bitcoin landscape include:</p>
<ul>
 <li>The Coinbase premium’s prolonged negativity suggests reduced U.S. demand.</li>
 <li>Despite the drop in ETF investments, Bitcoin’s underlying fundamentals remain promising.</li>
 <li>Overall selling pressure on Bitcoin has eased significantly.</li>
 <li>Historical data shows substantial increases in Bitcoin prices following U.S. elections.</li>
</ul>
<p style="text-align: justify">Recent trends in the Bitcoin market highlight the intricate relationship between investor behavior during election seasons and market dynamics. While the negative premium indicates a slowdown in domestic demand, the strong fundamentals point to a potentially positive trajectory for Bitcoin in the long run.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-investors-stay-passive-during-election-day" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Investors Stay Passive During Election Day</a></h5>

Bitcoin Investors Stay Passive During Election Day

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