Just some things I’m observing.
So #Bitcoin down, miners up.
CME gap filled (For those that observe gaps).
FTX bankruptcy liquidations led to roughly $1B in selling #Bitcoin which makes up to 33-50% of GBTC outflows.
Short term holder realised price ($38,400) another 3% from current price.
Hash rate, 7DMA is now 12% off it’s all time high and most likely will see a miner capitulation.
#Bitcoin fees at the lowest point since November.

Just some things I’m observing.
So #Bitcoin down, miners up.
CME gap filled (For those that observe gaps).
FTX bankruptcy liquidations led to roughly $1B in selling #Bitcoin which makes up to 33-50% of GBTC outflows.
Short term holder realised price ($38,400) another 3% from current price.
Hash rate, 7DMA is now 12% off it’s all time high and most likely will see a miner capitulation.
#Bitcoin fees at the lowest point since November.

Just some things I’m observing.
So #Bitcoin down, miners up.
CME gap filled (For those that observe gaps).
FTX bankruptcy liquidations led to roughly $1B in selling #Bitcoin which makes up to 33-50% of GBTC outflows.
Short term holder realised price ($38,400) another 3% from current price.
Hash rate, 7DMA is now 12% off it’s all time high and most likely will see a miner capitulation.
#Bitcoin fees at the lowest point since November.

I’m speaking with 3 boomers that want to allocate a certain % of net worth to the #Bitcoin ETF.
They have no interest in self custody, or beta crypto stocks. Caveat is they live in the UK and can’t access US ETFs. The Canadian market doesn’t interest them.
Any workarounds?
Interesting to think how much capital outside the US could be waiting to be deployed.

#Bitcoin ETPs globally currently hold 910,000 BTC.
That's 5% of #Bitcoin circulating supply.
5 years ago today was 159,000 BTC in ETPs globally.
Don’t fade the spot ETFs.

#Bitcoin ETPs globally currently hold 910,000 BTC.
That's 5% of #Bitcoin circulating supply.
5 years ago today was 159,000 BTC in ETPs globally.
Don’t fade the spot ETFs.

#Bitcoin ETPs globally currently hold 910,000 BTC.
That's 5% of #Bitcoin circulating supply.
5 years ago today was 159,000 BTC in ETPs globally.
Don’t fade the spot ETFs.

#Bitcoin ETPs globally currently hold 910,000 BTC.
That's 5% of #Bitcoin circulating supply.
5 years ago today was 159,000 BTC in ETPs globally.
Don’t fade the spot ETFs.