maartunn
New metric: Realized Price for ETF Providers 🔔📷
In the near future, one important thing to keep an eye on will be the Realized Price for ETF Providers. The Realized Price is basically the average buying price, and it's a popular tool for active trading. The normal version is useful, but the short-term and long-term holders are very effective as well. And now it's also available in a version for ETF Providers. Why does it matter? Well, ETF Providers are stocking up on more and more coins. Knowing the average price they bought them at can help predict future price movements, as these levels tend to work as support and resistance And we're already seeing proof of its importance. When ETFs first started trading, prices seemed to hit a ceiling or floor based on the Realized Price of BlackRock and Fidelity. These two are especially crucial because they're the biggest ETF Providers out there.