#BTC
Despite the recent bounce...
Bitcoin remains firmly in the "Danger Zone" where historical Pre-Halving Retraces occur (orange)
As a result - when it comes to downside, anything can still happen over the coming 26 days or so until the Halving
$BTC#Crypto#Bitcoin
ETF investors showing they're noob. On the first dip ETFs did $1.6b of outflows while the #Bitcoin network received $1.1b of total net flows.
This means plenty of self custody investors bought the dip.
[1/4] Bitcoin ETF Flow - 04 March 2024
All data in. Very strong day with $562m net flow. Fidelity very strong with a record day
Not the best day for diversity, with smaller players BTCO, HODL & BTCW all having outflows
The #Crypto Fear & Greed Index is at a "Extreme Greed" level of 80.
We're facing πͺ resistance, which could lead to reaching the ATH or a π
It previously occurred in Jul 2019, Aug '20, & Oct '21, Green marks resulting in a market correction.
Shout-out to Jerry for the T/A! π
Current Top 5 Market Cap Cryptocurrencies which will likely not be the same in one year ‡οΈ
Which one do you think it could be in the TOP 5 at the end on 2024?
#XRP: (Federated consensus algorithm, which relies on trusted members of the XRP community for block validation) XRP is a digital payment protocol that facilitates fast and low-cost international money transfers.
#Ripple is focusing on enabling real-time, cross-border payments for financial institutions. #XRP Max supply 100B coins, 54.44% are in circulation.
Market Cap $27.29B (-69.16% since ATH) β Launch date 2012
The April 2024 #Bitcoinβ―β―β― halving is so important because it's about MORE than just a decrease in the new supply of #BTCβ―β―β―.
Let me explain:
(THREAD π)
π§΅BITCOIN ETFs Day 16π§΅
ETF's still thundering along
BAD NEWS
1) $FBTC#Fidelity had 2nd weakest day yet
GOOD NEWS
1) $GBTC slowed even more... worst is well over
2) 9 New ETF's sucking all Grayscale dumpage in and more
3) Smaller ETFs picking up steam
4) Cumulative 1.6BN net Over 7.53BN in total into new ETFs