DiveInDefi
Next rejection on SUI as expected. Next pump might do it, if not we get another last dip but this should seal the deal for new highs✌️
Gotta love the accuracy on those. Next targets marked in chart. We might just fly hard the next weeks anyawys as SUI is not far from price discovery.
GZ Eztic :)
GZ Eztic :)
Forwarded from Watcher Guru
JUST IN: Spot Bitcoin ETFs trading volume surpasses $4.5 billion in the first day of trading.
@WatcherGuru
@WatcherGuru
Watcher Guru
JUST IN: Spot Bitcoin ETFs trading volume surpasses $4.5 billion in the first day of trading. @WatcherGuru
According to Coingecko, we had 52 billion today on all traditional exchanges. That is not even 10% on the first day of ETFs. Let's see how this evolves..
https://x.com/degentheory/status/1745457995394539898?s
Q: When are the BTCs sourced from the ETFs:
A: Might differ between the ETFs and their management.
It is pretty likely that all the BTCs bought today though ETFs have been sourced in the past weeks. Meaning (if there was a lot of buying), those BTCs were already purchased.
This means, there was likely 0 buying from the ETFs today. Basically everyone who expected the ETFs to produce buying pressure today, would have simply had the wrong expectations.
In the future further buying will likely produce buying pressure. Those BTCs will likely be settled (purchased) after the trading days.
Q: When are the BTCs sourced from the ETFs:
A: Might differ between the ETFs and their management.
It is pretty likely that all the BTCs bought today though ETFs have been sourced in the past weeks. Meaning (if there was a lot of buying), those BTCs were already purchased.
This means, there was likely 0 buying from the ETFs today. Basically everyone who expected the ETFs to produce buying pressure today, would have simply had the wrong expectations.
In the future further buying will likely produce buying pressure. Those BTCs will likely be settled (purchased) after the trading days.
X (formerly Twitter)
degentheory (@degentheory) on X
@EricBalchunas at what point are etf buys actually converted to purchases of btc? at market close?
DiveInDefi
https://x.com/degentheory/status/1745457995394539898?s Q: When are the BTCs sourced from the ETFs: A: Might differ between the ETFs and their management. It is pretty likely that all the BTCs bought today though ETFs have been sourced in the past weeks.…
And yes, Coinbase hat 7 billion OTC BTC purchase today. There is your sourcing. Not market bought.
DiveInDefi
And yes, Coinbase hat 7 billion OTC BTC purchase today. There is your sourcing. Not market bought.
(OTC = over the counter) did not go through a market and also doesn‘t show in regular trading volumes
👏2
Forwarded from Watcher Guru
DiveInDefi
We made it over the resistance again and it is looking like we are forming an ascending triangle here. This is super good news for ETH - finally. One more thing on sell the news psychology: people want to speculate and get hyped - this works best on some…
Haha took 1 day after the BTC etf 🤣
Forwarded from Watcher Guru
Forwarded from Watcher Guru
This media is not supported in your browser
VIEW IN TELEGRAM
JUST IN: 🇺🇸 Gary Gensler says Bitcoin is a highly speculative volatile asset used for illicit activity.
@WatcherGuru
@WatcherGuru
Gary is butthurt and Cramer is giving us what we need for the next wave up. Good day :)
DiveInDefi
We have been macro up only for 12 months. Either way, I would be very surprised if we do not get a big retracement soon again.
Maybe something like 2017/2018 when btc peaked at Christmas with a altseason an January and then big retracement. However, I do not see a long-term bear market next year but a bigger retracement before further up only.
Maybe something like 2017/2018 when btc peaked at Christmas with a altseason an January and then big retracement. However, I do not see a long-term bear market next year but a bigger retracement before further up only.
Still on track here. BTC peaked 1 week later and I doubt BTC will make new ATHs anytime soon. It is go full retard mode on alts now.
🔥1
$XRP update for my friends O, B and D ❤️
XRP is overdue and we need to break this resistance for a major leg up. I bought a lot in the past months after never holding a single XRP just because it has underperformed so much.
Honestly speaking, I think as soon there will be talks about an ETF with major altcoins that will include XRP, we are getting true fomo. Aside from this, I can totally see XRP underperforming the market for a few more days/weeks. Very hard to tell. No momentum whatsoever. Market is buying ETH and Cosmos coins.
XRP is overdue and we need to break this resistance for a major leg up. I bought a lot in the past months after never holding a single XRP just because it has underperformed so much.
Honestly speaking, I think as soon there will be talks about an ETF with major altcoins that will include XRP, we are getting true fomo. Aside from this, I can totally see XRP underperforming the market for a few more days/weeks. Very hard to tell. No momentum whatsoever. Market is buying ETH and Cosmos coins.
❤1