Bitcoin nach dem Spot ETF - Korrektur fast beendet. Back to normal.

Summary

In this detailed discussion, the spotlight is on the aftermath of the U.S. SEC's approval of the Spot Bitcoin ETF, analyzing its impact on the market. Despite the high expectations, the ETF's performance is described as underwhelming, with a mere $1 billion inflow against a $500 billion market cap, indicating minimal market movement. The conversation shifts to broader market analyses, including predictions for major indices and altcoins, emphasizing a 'back to normal' approach post-ETF approval. The dialogue also covers SEC Commissioner Hester Pierce's perspective on future ETF approvals, aiming for a more normalized process. The video concludes with a tribute to the late Professor Philip Sandner, acknowledging his significant contributions to the blockchain community.

Takeaways

• 💻 The approval of the Spot Bitcoin ETF, in retrospect, had minimal impact with a volume of $1 billion inflow compared to the Bitcoin market cap of $500 billion, indicating a negligible effect.
• 📚 After the SEC's approval of the Spot Bitcoin ETF, the market has returned to normal analysis including retracement corrections and predictions towards new highs.
• 🔍 Oliver Michel from Tokentus shares insights on the minimal effective changes post Spot Bitcoin ETF approval and anticipates normal market movements with focus on major US indices and retracement levels.
• 🔥 The discussion includes future market directions and the necessity for the blockchain and Bitcoin community to recover from significant losses.
• 💵 The inflow into the Spot Bitcoin ETF over the initial days post-launch is contrasted with outflows from Grayscale, indicating a balanced market reaction.
• 📍 Long-term implications of Spot Bitcoin ETFs are seen as positive due to potential increased market liquidity, despite the short-term negligible impact.
• 🚨 SEC Commissioner Hester Pierce's statements on the approval process for the upcoming Ethereum ETF suggest a more standard approach without the hype seen with the Bitcoin ETF.
• 🛠 The tragic loss of Professor Philip Sandner, a prominent figure in the blockchain community, is acknowledged, reflecting on his contributions and impact.
• 📱 The correlation between Bitcoin's performance and altcoins is discussed, highlighting the conditions under which altcoins can outperform or fall with Bitcoin.
• 💰 The interview touches on market trends, retracement levels for major indices, and specific targets for the Dow, Nasdaq, and S&P 500, providing a comprehensive market outlook.

Q & A

What was the reaction to the approval of the Spot Bitcoin ETF?

The approval of the Spot Bitcoin ETF was seen as a relatively minor event in retrospect, with a volume of one billion US dollars flowing into it over the last few days, which is considered negligible compared to Bitcoin's market capitalization of half a trillion dollars.

How has the market volume changed since the Spot Bitcoin ETF's approval?

Since the approval of the Spot Bitcoin ETF, there has been an inflow of one billion US dollars, but this has been viewed as a minor increase relative to Bitcoin's overall market capitalization.

What is the current focus in the cryptocurrency market following the ETF's approval?

The focus has shifted back to normal market analyses, including retracement corrections and paths towards new highs, indicating that the ETF's approval did not significantly impact the market's direction.

What was the short-term impact of the Spot Bitcoin ETF's approval on Bitcoin's performance?

The short-term impact of the Spot Bitcoin ETF's approval on Bitcoin's performance was minimal, with the market quickly returning to its usual dynamics and considerations.

What are the future prospects for the cryptocurrency market following the ETF's approval?

The future prospects involve closely monitoring market movements, including the actions of grayscale and other investors, which could inject liquidity into the market and potentially have a positive long-term impact.

How does the cryptocurrency market react to changes in interest rates?

The cryptocurrency market is sensitive to changes in interest rates, as indicated by the anticipation around Federal Market Committee (FMC) meetings, where decisions on interest rates can significantly affect market movements.

What are the current targets for major US indices and how do they relate to the cryptocurrency market?

The targets for major US indices like the Dow, Nasdaq, and S&P 500 have been set at new highs, and while these targets have not dramatically changed in the short term, the indices' movements can influence the broader investment landscape, including cryptocurrencies.

How do altcoins' performances correlate with Bitcoin's movements?

Altcoins' performances are closely correlated with Bitcoin's movements. When Bitcoin significantly rises or falls, altcoins tend to follow suit, but they may have the opportunity to diverge and rally when Bitcoin is stable or has minor fluctuations.

What long-term effects could the approval of Spot Bitcoin ETFs have on the cryptocurrency market?

Long-term effects could include increased market liquidity and positive market dynamics as more capital flows into the market, despite the short-term impact being minimal.

What was Hester Pierce's stance on the approval process of cryptocurrency ETFs?

Hester Pierce, an SEC Commissioner, emphasized the need for a normal and less hyped approval process for cryptocurrency ETFs, highlighting the intention to avoid the mistakes made during the Spot Bitcoin ETF approval in future ETF approvals.