"Analyzing the Impact of Bitcoin ETF Demand on Crypto Markets"
Analysts are divided on the impact of Bitcoin ETFs on the cryptocurrency's future, with some suggesting that the ETFs are not as significant a game-changer for Bitcoin’s price trajectory as many people think. While on-chain profit-taking patterns among long-term investors seem familiar, the sheer strength of accumulation among Bitcoin’s most diehard HODLers is unprecedented, indicating never-seen-before Bitcoin demand. Glassnode’s analyst James Check believes that the current Bitcoin bull market is one of the “most robust” in history and predicts that Bitcoin could top out at $250,000 before the end of 2025.