Investors at new all-time high estimate of $52K in Bitcoin Steady

of The price of Bitcoin It remained closed, trading at $52,246.31 at the time of writing – down 0.3% from the same period yesterday. But Bitcoin's weekly gains are not to be sniffed at.

Bitcoin Last week it posted a 12% gain since then and has seen its average weekly trading volume bounce back significantly. So far this year (and surprisingly), BTC has seen an average volume of $36.4 billion – the highest since the beginning of the year – in the same week that 10 spot Bitcoin ETFs launched.

Weeks later, trading volumes plummeted as traders unloaded billions worth of GBTC shares in the wake of the sell-off news. But even before the end of this current week, data from CoinGecko shows that the average weekly trading volume may exceed $30 billion for the first time since the launch of Bitcoin ETFs.

Business optimism is showing up in other ways, too.

In the Bitcoin derivatives markets, call options (contracts used to bet that the price of Bitcoin will rise) are extremely numerous in number (contracts used to bet that the price of Bitcoin will go down). At the time of writing, CoinGlass data shows 65% open interest for calls, although the split has been an even split over the past 24 hours.

Looking ahead, traders think Bitcoin may have more room to grow in the coming months. In the year Of the $4.4 billion in notional value of the contracts expiring March 29, $2.8 billion is in call options, according to CoinGlass. It's also worth noting that an increasing number of traders are betting that BTC could see prices between $60,000 and $75,000 before the end of next month.

Meanwhile, there's still a lot of action on those U.S. spot Bitcoin ETFs. K33 Research Senior Analyst Vettel Lunde mentioned on Twitter that the fund saw an inflow of 100,000 BTC yesterday.

Sustained interest from Wall Street was encouraging for traders. But this meant that there was fierce competition among the issuers. Yesterday, VanEyck announced that it is lowering fees on its HODL Bitcoin ETF to 0.20% – below the 0.25% currently charged by the iShares Bitcoin Trust – to better compete with its peers.

Earlier this week, Gemini co-founder Cameron Winklevoss explained that the halving of BTC being held by ETF watchers and new coins being issued after the Bitcoin halving could be very promising.

IntotheBlock data shows that BTC volatility has stabilized slightly over the past two days. This is due, in part, to increased liquidity on exchanges. The easier it is for traders to buy and sell large amounts of bitcoin without causing the price to fluctuate, the less volatile the asset becomes. Even so, the exchange's volatility slightly outpaced its gains last week, according to Blockchain Analytics.