{"id":2103,"date":"2024-11-04T14:46:39","date_gmt":"2024-11-04T14:46:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2103"},"modified":"2024-11-04T14:46:39","modified_gmt":"2024-11-04T14:46:39","slug":"61000-is-bitcoin-line-in-the-sand-for-etf-demand-to-remain-steady-says-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2103","title":{"rendered":"$61,000 Is Bitcoin&#8217; Line In The Sand For ETF Demand To Remain Steady, Says Analyst"},"content":{"rendered":"<div>\n<p><strong>CryptoQuant <\/strong>founder and CEO <strong>Ki Young Ju<\/strong>, on Monday highlighted that demand for Bitcoin spot ETFs has been robust, with significant net inflows at <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41704760\/bitcoin-ethereum-dogecoin-reverse-as-trumps-odds-fall-on-betting-markets-trader-says-bull-\">price levels above $61,000.<\/a><\/p>\n<p><strong>What Happened: <\/strong>According to Young Ju, the sustainability of this trend hinges on <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) maintaining its price above this key threshold.<\/p>\n<p>&#8220;As long as the BTC price holds above $61,000, ETF demand should remain steady, in my opinion,&#8221; he stated in a <a href=\"https:\/\/x.com\/ki_young_ju\/status\/1853380647437652369\">post<\/a> on <strong>X<\/strong> on Monday.<\/p>\n<p><strong>QCP Capital<\/strong> provided additional context on the market&#8217;s current state, emphasizing caution amid political uncertainty, stating that vice president <strong>Kamala Harris<\/strong> and former president <strong>Donald Trump<\/strong> are locked in a tight race as odds on Polymarket have moved closer to actual poll estimates. <\/p>\n<p>While Polymarket odds currently favor Trump &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41715056\/61-000-is-bitcoin-line-in-the-sand-for-etf-demand-to-remain-steady-says-analyst\" alt=\"$61,000\" is bitcoin line in the sand for etf demand to remain steady says analyst>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CryptoQuant founder and CEO Ki Young Ju, on Monday highlighted that demand for Bitcoin spot ETFs has been robust, with significant net inflows at price levels above $61,000. What Happened: According to Young Ju, the sustainability of this trend hinges on Bitcoin (CRYPTO: BTC) maintaining its price above this key threshold. &#8220;As long as the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2103","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2103"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2103\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}