Bitcoin bets are high for it to hit $70,000. And retail investors pour into BTC ETFS

Bets are rising for Bitcoin to hit $70,000 ahead of the highly anticipated halving. This is according to options pricing. For Bets for BTC to rise see the Calls on the left hand side of the screen (at the bottom). Conversely, bets are increasing that Bitcoin could fall back to $55,000 after the halving. See the Puts (bets BTC will fall) on the right hand side of the screen below.

Either way. Please be mindful of two key things

* your own strategy. Consider taking profits as BTC and BTC ETFs could be very volatile given the above.

* Regardless, FOMO, bullish sentiment and momentum are driving a huge swell of retail investors into BTC ETFs over the last week and year.

ETF Bitcoin buying picks up this week

* $2.4 billion has flow in the Bitcoin ETF $iShares Bitcoin Trust (IBIT.US)$.

* $900 million has gone into Fidelity BTC ETF $Fidelity Wise Origin Bitcoin Fund (FBTC.US)$

* $190 million has beenn invested into ARK's BTC ETF $ARK 21Shares Bitcoin ETF (ARKB.US)$

So Bitcoin demand is rising.

Options pricing says Bitcoin upside is ahead

Source: Bloomberg, moomoo

Retail investors rush into Bitcoin ETFs this year

Bitcoin bets are high for it to hit $70,000. And retail investors pour into BTC ETFS

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

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Jessica Amir

Moomoo Official Market Strategist

Investment strategist seen and heard on global media such as Fox News Business, ABC, SBS, Reuters wires. X @JessicaDAmir

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