BTC price correction? Experts say smart money is moving to Dogecoin (DOGE) and DTX ahead of historic rally

Inflows into US spot Bitcoin ETFs rose over 90% on December 3 compared to the previous day, bringing their total holdings closer to founder Satoshi Nakamoto’s Bitcoin stash. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $675.97 million in inflows on Tuesday, nearly doubling the $353.67 million recorded previously.

These investment vehicles have now recorded four consecutive days of net inflows, totaling over $1.45 billion during the period. With inflows into the fund of $693.25 million, BlackRock’s IBIT topped the chart for the third consecutive year. Notably, BlackRock’s spot Bitcoin ETF reached a significant milestone last week, surpassing 500,000 BTC holdings.

It now accounts for 2.38% of the total Bitcoin supply. However, not all ETFs participated in the influx; 21Shares’ ARK and ARKB were the only funds to report outflows, losing $93.47 million during the day. Despite the strong inflows, the total trading volume of these ETFs fell to $2.93 billion, a significant decline from $3.91 billion the previous day.

Interestingly, BTC prices remained relatively unchanged despite the increase in ETF inflows. The flagship crypto asset rose just 1.1% in the last 24 hours and was trading at $96,517 at the time of writing, falling short of the highly anticipated $100,000 milestone.

This sideways trend suggests that while institutional interest in BTC price action continues to increase, the broader market remains cautious as investors await further catalysts that push the asset into uncharted territory.

BTC price registered a slight increase of 1.53% on the daily chart with green candles completely dominating. BTC price was low at the start of the day with the coin trading at $95.04k while the current trading price is $96,517.

Based on previous patterns, Bluntz also speculates that Dogecoin (DOGE) would experience a parabolic move, potentially multiplying fourfold in the final month of a bull run. However, he notes that only the most observant “diamond hands” can grasp the subtlest aspect of such a move.

Meanwhile, Dogecoin (DOGE) is trading at around $0.4221 at the time of writing, up 2.08% in the last 24 hours, 6.54% in the last 7 days and 179.54% in the last 30 days.

Dogecoin (DOGE)’s recent performance fits with a larger surge in meme coins following last month’s US presidential election. As Dogecoin (DOGE) performs better than Bitcoin and attracts a lot of interest from traders, these internet-inspired cryptocurrencies have surged in value.

Building on this trend, Dogecoin (DOGE) has attracted new interest from unusual sources. Elon Musk and Vivek Ramaswamy have released the Dogecast podcast detailing their attempts to reduce US government spending by $2 trillion under the recently created Department of Efficiency (DOGE).

DTX Exchange has attracted a lot of attention with presale sales of $9.49 million. Designed as a peer-to-peer network, it values ​​decentralization and user autonomy. This technical strategy fits perfectly with the basic principles of blockchain technology and minimizes the risks associated with centralized security vulnerabilities.

In addition, by tokenizing real-world assets, DTX opens up numerous opportunities for a wide range of modern traders with different profiles. DTX Exchange is a complete platform that has new tools for trading. These tools allow traders to make larger trades and potentially make more money.

The platform displays information instantly with dedicated charts and data, helping users make smart decisions. With a strong focus on security, DTX Exchange is poised to attract retail traders, professional investors and anyone seeking a novel trading experience. The DTX presale is currently in its sixth phase, the price of the token is $0.12.

Experts are amazed at the huge rise in spot Bitcoin ETFs even though the BTC price has not changed significantly. On the contrary, due to the increasing popularity of these coins in the crypto space, a significant amount of money is flowing into the DTX exchange and Dogecoin (DOGE).

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