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bitcoin has seen a strong recovery with a 107.16% move year-to-date, and now with btc finding its footing at a 17-month high above $34,000, markets are racing to find alternative plays like bitcoin Minetrix ahead of the next stretch of recovery.
This comes as bitcoin markets are strengthened by a long-awaited (but still unconfirmed) approval of btc spot ETFs.
This bitcoin Spot ETF Recovery Rally Is Different, and Here’s Why
The enthusiasm around bitcoin ETFs appears to have caused a challenge in bitcoin‘s performance on-chain, marking a juncture with past cycles.
A look at the btc&category=&m=indicators.SsrOscillator”>Stablecoin Supply Ratio Oscillator (SSRO: a measure of whether markets are based on stablecoins or bitcoin) reveals a new all-time high of 4.13, as traders appear to have loaded their portfolios with bitcoin.
While this suggests that there are few stablecoins available to drive the price of bitcoin further, it also reflects growing enthusiasm in market sentiment ahead of the theoretical approval of a bitcoin Spot ETF, with traders positioning themselves for significant gains.
However, the last time this occurred in June 2019, it coincided with a massive bearish spike in btc&m=supply.LthSum”>Reserve risk (a measure of confidence in bitcoin‘s risk/reward proposition).
Uniquely, despite the aggressive shift over the last month from stablecoins to bitcoin, reserve risk has remained extremely low, suggesting that markets have high confidence in btc‘s current risk/reward proposition.
With over 70% of the bitcoin supply in the hands of btc&category=&m=indicators.ReserveRisk”>long term holdersExpectations of a wave of bitcoin spot ETF approvals generating multi-billion dollar inflows could have institutional money fighting for a slice of just 30% of the remaining circulating supply.
This would create enormous demand-side pressure against a relative supply shock, which could fuel a breakneck rally to a new bitcoin all-time high.
Although such a move will require btc to defy significant fundamental headwinds such as increased geopolitical risk in the Middle East and macroeconomic constraints such as a Federal Reserve at war with stubborn inflation.
How a bitcoin Price Explosion Would Send bitcoin Minetrix Through the Clouds
One industry specialist anticipates a notable increase in the value of bitcoin, projecting a potential rise to $135,000 in the near future, while another expert foresees an even more dramatic rise, predicting a high of $750,000.
Amid this, bitcoin Minetrix, a tokenized bitcoin cloud mining project, has successfully raised $3 million in funding as the end of Stage 4 quickly approaches, positioning itself as a potentially lucrative investment opportunity. .
It is currently trading at only $0.0113, but just for less than one more day With a price surge expected tomorrow, bitcoin Minetrix presents a compelling risk-reward scenario that may overshadow bitcoin‘s potential gains.
Achieving a 100% increase from its current price would propel bitcoin to unprecedented heights, breaking the $70,000 range and setting a new all-time high.
Right now, traders and investors are watching bitcoin closely, anticipating a significant upward move towards the $46,000 to $52,000 range. Such a move would be a clear indicator that bitcoin is about to hit new all-time highs.
Due to its significantly smaller market capitalization and its role in connecting retail traders to the bitcoin mining revolution, $BTCMTX will increase in value by several thousand percent, offering investors a more affordable entry point into the burgeoning bitcoin narrative.
Furthermore, any positive developments for bitcoin tend to have a domino effect, benefiting a variety of similar cryptocurrencies and derivative coins such as $BTC20 and $bitcoin.
bitcoin Minetrix emerges as a favorite among these beneficiaries, standing out for its unique and genuine contribution to the wide world of opportunities within the bitcoin ecosystem.
bitcoin Minetrix: More than just value accumulation for your portfolio
Users who proactively stake their $BTCMTX tokens are rewarded with more tokens at the current 195% APY. These additional tokens earned before bitcoin Minetrix’s staking-to-mine feature goes live will give holders a larger slice of the mining power pie once they are able to stake mining credits.
Mining credits, while ERC-20 tokens, have a unique utility: they can be redeemed for designated btc cloud mining time slots, allowing retail investors to tap into the supply of new bitcoin rewards.
Once this mechanism is fully up and operational, those who stake can expect to earn real btc rewards through the act of cloud mining, thus opening the doors to an additional and lucrative income stream.
With so much promise, bitcoin Minetrix has unlocked star status among top crypto influencers, such as top crypto analyst Jacob Bury, who has highlighted the rapid rise of pre-sales to $3 million in his latest video.
However, with just one day left to claim your piece of the pie at a premium entry price of $0.0113, don’t let yourself be sidelined by another high-growth play.
Buy BTCMTX today
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