The Breakdown

Bitcoin Smashes $57,000 and Retail is Still Nowhere to Be Found

Feb 27, 2024
Bitcoin smashes through the $57,000 mark despite retail investors staying away. Insights on ETF flows, open interest, scarcity of trading data, and historical price levels being surpassed. The impact of ETFs on trading volumes, BlackRock ETF performance, high-frequency trading, and notable inflows/outflows. Analysis of Bitcoin and Ethereum market dynamics, regional funds, trader activity, short liquidation, Ethereum's surge post Bitcoin, restaking protocols, Denkoon upgrade, Uniswap fee switch, and macroeconomic challenges.
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