The recent uptick in approval ratings for industry-friendly Republican presidential candidate Donald Trump and the fact that Bitcoin spot exchange-traded funds (ETFs) are recording net inflows are some of the factors driving the uptick.
According to PolyMarket Data, a decentralized prediction market platform, Trump's approval rating was 65.1% as of the same day. Democratic presidential candidate Kamala Hari Suh (34.8%)
%) has widened to 30.3 percentage points. According to financial information platform Hwasaido Investor, the US Bitcoin spot ETF has 410 million shares on the 25th (local time).
A net inflow of $1.2 billion was recorded. Meanwhile, cryptocurrency investment sentiment is in the "greedy" stage. According to cryptocurrency data provider Alternative.me,
The Crypto Greed/Fear Index for today was 74, up 2 points from the previous day. The index is a symmetrical index of 0, which indicates extreme fear, while the index is closer to 100, which indicates extreme optimism.
According to blockchain data analysis company CryptoQuant, the net deposit and withdrawal volume of the exchange on this day was higher than the average figure for the past seven days.
Generally, the net deposit/withdrawal volume is the amount of coins deposited in the exchange minus the amount withdrawn. In the case of a spot exchange, the higher the value, the
Increased selling pressure on the coin is interpreted as increased volatility risk in the case of futures exchanges.
2024/10/28 12:57 KST
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