Joao Wedson: Amplify Transformational Data Sharing ETF shows strong correlation with Bitcoin performance

Joao Wedson: Amplify Transformational Data Sharing ETF shows strong correlation with Bitcoin performance
Blockchain ETF's link to Bitcoin

Joao Wedson points to a strong correlation between Bitcoin and the Amplify Transformational Data Sharing ETF, which concentrates on blockchain companies, digital data, and fintech firms.

The tweet notes that the ETF's annual performance demonstrates an interesting dynamic, but further details were not included.

Wedson has recently reported that most long positions in bitcoin are concentrated between $61,000 and $64,400, with liquidity clusters positioned below current price levels. In a separate analysis, he observed that large bitcoin address balances have stayed neutral for years. These observations focus on positioning and behavior in the bitcoin market.

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