Bitcoin Minetrix Presale Hits $3 Million Milestone as Bitcoin Price Finds Feet Above $34k – Don’t Miss Last Chance to Buy in Stage 4
– As the Bitcoin price stabilizes above $34,000, traders are flooding into Bitcoin alternatives for market-beating returns, fuelling rapid growth beyond $3M for Bitcoin Minetrix. But as the $BTCMTX presale approaches the end of Stage 4 – here’s why you don’t want to miss out.
Bitcoin has seen a strong recovery with a 107.16% YTD move, and now with BTC finding its feet at a 17-month high above $34,000 – markets are racing to find alternative plays like Bitcoin Minetrix ahead of the next recovery leg.
This comes as Bitcoin markets are invigorated by a highly-anticipated (but still unconfirmed) approval of BTC Spot ETFs.
NEW: Spot #Bitcoin ETF for Invesco and Galaxy gets the ticker $BTCO listed on the DTCC. pic.twitter.com/XvVGIvXJ6h
— Bitcoin Archive (@BTC_Archive) November 1, 2023
Indeed, BTC traders are keenly following the 10 Bitcoin Spot ETF applications for any signs of progress such as ticker listings on DTCC, with the latest entrant being a new application from VanEck submitted on Monday, October 30.
The excitement around Bitcoin ETFs appears to have triggered defiance in Bitcoin’s performance on-chain, marking a juncture with past cycles.
A glance at the Stablecoin Supply Ratio Oscillator (SSRO – a measure of whether markets are sat in stablecoins or Bitcoin) reveals a new all-time high of 4.13 as traders appear to have ladened their portfolios with Bitcoin.
While this suggests limited stablecoins on-hand to pump the Bitcoin price further, it also reflects growing excitement in market sentiment ahead of a theorized Bitcoin Spot ETF approval – with traders positioning themselves for significant gains.
However, the last time this occurred in June 2019, it coincided with a massive bearish spike in Reserve Risk (a measure of
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