Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/bitcoin-news/ghost-town-vibes-bitcoin-soars-on-etfs-not-users-expert/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Ghost Town Vibes: Bitcoin Soars On ETFs, Not Users - Expert
NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ghost Town Vibes: Bitcoin Soars On ETFs, Not Users – Expert

Christian Encila
Christian Encila
1 month ago
3 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin this week reclaimed the $94,000 region, but the party may be lacking one key ingredient: real users. The cryptocurrency network is “like a ghost town” even with the record price increase, a crypto expert said.

Related Reading

Ethereum

Ethereum ‘Heating Up’ – Address Activity Jumps Nearly 10% In 2 Days

1 month ago

Bitcoin Surges In Price—Yet Network Remains Eerily Quiet

A recent report by CryptoQuant analyst Maartunn shows a dramatic disconnect between Bitcoin’s rocketing price and its underlying network activity. “The Bitcoin network is a ghost town,” the analyst explained when comparing on-chain data to the coin’s current price.

The study employs a 365-day moving average to record network activity from 2015. As years went by, activity and price followed one another. Around early 2025, though, they went different ways. Prices for bitcoin continued to rise even as growth in network activity dwindled and displayed more decreases than in the past.

The Bitcoin Network is a ghost-town ☠️

This pump is driven by:
– ETF Flows
– Open Interest

There is hardly any new visible on-chain demand. https://t.co/ceFuk9Wtnq pic.twitter.com/DmoXbxhxXx

— Maartunn (@JA_Maartun) April 24, 2025

ETF Money Flooding In As Price Rises

The true driving force behind Bitcoin’s surge seems to be institutional capital. According to Farside reports, Bitcoin ETFs witnessed a dramatic surge in money inflow from April 17. By April 21, investors had invested $381 million, and by April 23, it increased to $917 million as buying was still going on.

This timing fits hand in glove with Bitcoin’s rise above $94,000 on April 23. The US Bitcoin ETFs have since inception raked in a whopping nearly $38 billion in net inflows, indicating how much big players in the financial market are transforming it.

Related Reading

Cardano

Cardano Set For 1,000% Explosion? Analyst Says ‘Just HODL’

1 month ago

On-Chain Data Indicates Decreasing User Activity

Meanwhile, the statistics paint a clear picture of who is not behind the price: common users. Latest data indicates network activity decreased by 0.90% last week. The number of active addresses fell by 1.50% in that particular timeframe.

Even more indicative, zero-balance addresses fell 12.50%, implying further wallets are remaining empty. Those figures create the image of a rally driven by forces beyond regular usage of the core network.

Source: Farside Investors

Trump Meme Coin Briefly Steals The Spotlight

In a surprise turn of events, some of the focus moved away from Bitcoin when US President Donald Trump’s staff released a statement saying that the holders of the largest amounts of the TRUMP meme coin would be invited to have dinner with the President. This created a rush to buy the meme coin.

BTCUSD trading at $93,766 on the 24-hour chart: TradingView.com

As interest in the TRUMP coin fizzled out, so too did interest in Bitcoin and other top cryptocurrencies. Some analysts noticed that this trend indicates the market still lacks sufficient buying pressure to have multiple hot trends simultaneously.

Featured image from Gemini Imagen, chart from TradingView

Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Up 15% in a Month, Analyst Cautions on MVRV Resistance Level

Bitcoin Up 15% in a Month, Analyst Cautions on MVRV Resistance Level

Bitcoin is currently trading at $109,000, marking a marginal decline of 0.6% over the past 24 hours. Despite this short-term...

Samuel Edyme 1 week ago
bitcoin

Bitcoin Surges With Low Retail Interest – Is A Second Wave Coming?

Recently, Bitcoin (BTC) achieved a new all-time high (ATH) of $111,980 on Binance crypto exchange, surpassing its previous ATH of...

Ash Tiwari 1 week ago
Bitcoin price news

Bitcoin Set For 50%+ Move Within 6 Months, Says Hedge Fund Boss

Bitcoin is currently changing hands just above $108,000, consolidating after Tuesday’s fresh all-time high. Charles Edwards, founder of the digital-asset...

Jake Simmons 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto news FTX repayments

Crypto Markets Brace For $5 Billion FTX Liquidity Shock: Expert

Jake Simmons 1 week ago
Bitcoin, Crypto, BTC

Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead?

Rubmar Garcia 1 week ago
Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend

Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend

Samuel Edyme 1 week ago

Premium Sponsors

Top Brands

Press Releases

  • A smart choice for XRP investors to passively earn money...

    1 week ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    1 week ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    1 week ago
  • Let everyone earn $10,0080 a day – CRYPTOMININGFIRM...

    1 week ago
  • Start RIPPLECOIN Mining cloud mining package through...

    1 week ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.