Pretty clear correlation between ETF flows and market price
https://x.com/Sinz_Bitguide/status/1755386054406738208?s=20
https://x.com/Sinz_Bitguide/status/1755386054406738208?s=20
X (formerly Twitter)
Sinz 🗝️⚡ Bitguide (@Sinz_Bitguide) on X
Day 18 of #Bitcoin ETF Flows
- Another positive net flow of $33M
- Now we have enough data to compare flows with price. It is clear that the price is very well correlated with the net flows.
- As GBTC outflows slowed down, price began to recover.
- Another positive net flow of $33M
- Now we have enough data to compare flows with price. It is clear that the price is very well correlated with the net flows.
- As GBTC outflows slowed down, price began to recover.
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Day 23 of #Bitcoin ETFs
*** $631M net flow in a single day ***
Highlights:
- Blackrock $IBIT is a beast that is waking up: $493M inflows in a single day
- Fidelity $FBTC also brought in $164M
- Total inflows: $704M
- Net flow: $631M
- GBTC: -$73M
Right when GBTC outflows are trending towards zero, inflows are exploding. The institutional FOMO is doing its job. Imagine what the total flows will be by the end of the year.
*** $631M net flow in a single day ***
Highlights:
- Blackrock $IBIT is a beast that is waking up: $493M inflows in a single day
- Fidelity $FBTC also brought in $164M
- Total inflows: $704M
- Net flow: $631M
- GBTC: -$73M
Right when GBTC outflows are trending towards zero, inflows are exploding. The institutional FOMO is doing its job. Imagine what the total flows will be by the end of the year.
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SEC Gary Gensler Getting Schooled on Bitcoin
https://www.linkedin.com/posts/activity-7163609658971140096-nYFQ?utm_source=share&utm_medium=member_ios
https://www.linkedin.com/posts/activity-7163609658971140096-nYFQ?utm_source=share&utm_medium=member_ios
Linkedin
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Bitguide
SEC Gary Gensler Getting Schooled on Bitcoin https://www.linkedin.com/posts/activity-7163609658971140096-nYFQ?utm_source=share&utm_medium=member_ios
A profound quote from the video above!
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BIG. Reddit has begun a Bitcoin treasury program.
Reddit reveals they have begun a BTC (and ETH) treasury program to invest excess cash and will continue to do so
From the risk disclosures of their recent SEC filing:
"We invested some of our excess cash reserves in Bitcoin and Ether"
Reddit reveals they have begun a BTC (and ETH) treasury program to invest excess cash and will continue to do so
From the risk disclosures of their recent SEC filing:
"We invested some of our excess cash reserves in Bitcoin and Ether"
GBTC has lost most of its coins acquired since the 2020 bull market
- Its BTC holdings went up from ~360K to ~660K after June 2020 and supercharged the bull market
- Now it holds ~460K BTC
- This is a 66.66% reduction. Only 1/3 left.
- At this pace, in 4 weeks, it will fully offload all these acquired coins onto the market.
This is a rough benchmark for how far it will go before the bleeding stops (if they keep the fees at this rate).
- Its BTC holdings went up from ~360K to ~660K after June 2020 and supercharged the bull market
- Now it holds ~460K BTC
- This is a 66.66% reduction. Only 1/3 left.
- At this pace, in 4 weeks, it will fully offload all these acquired coins onto the market.
This is a rough benchmark for how far it will go before the bleeding stops (if they keep the fees at this rate).
NVIDIA or Bitcoin?
https://x.com/sinz_bitguide/status/1763986240309747967?s=46&t=6I9aEqV-RwcladB-FBo9kg
https://x.com/sinz_bitguide/status/1763986240309747967?s=46&t=6I9aEqV-RwcladB-FBo9kg
X (formerly Twitter)
Sina 🗝️⚡ 21st.Capital (@Sina_21st) on X
NVIDIA or Bitcoin?
While NVIDIA stock has been phenomenal and has been as great as Bitcoin's returns, keep in mind that:
- Monopoly Power: Bitcoin has no competition, but NVIDIA will. Chip making is technology that can be acquired and developed. Several…
While NVIDIA stock has been phenomenal and has been as great as Bitcoin's returns, keep in mind that:
- Monopoly Power: Bitcoin has no competition, but NVIDIA will. Chip making is technology that can be acquired and developed. Several…
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Media is too big
VIEW IN TELEGRAM
Larry Fink educating curious normies on Fox Business: "Bitcoin is digital gold and a great long-term store of value… It is bigger than any government”
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Saylor Tracker
This website’s work is very interesting.
Beautifully shows how Saylor DCA'd. And despite not caring about the timing, $MSTR's position is up 120%, or $7.3 billion in profits.
https://saylortracker.com
This website’s work is very interesting.
Beautifully shows how Saylor DCA'd. And despite not caring about the timing, $MSTR's position is up 120%, or $7.3 billion in profits.
https://saylortracker.com
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