RT if you want America’s Digital Asset Reserve to be #Bitcoin only 🔥 Say NO to crypto 🇺🇸

🇺🇸VIVEK: LET'S TRY SOMETHING NEW—READ THE LAW "Not an agency interpretation of it, not a media distillation of it. But the actual statute itself." Source: @VivekGRamaswamy

General $BTC market outlook update: Supply distribution has started. Here's what I'm looking at and how it compares to previous cycles, and what might come next: First off, the biggest story is obviously the ETFs. $IBIT has been the most succesful ETF launch in history by a wide variety of metrics, and just looking at BlackRock Fidelity alone, they've bought 284k BTC since launch, greater than 1% of total #bitcoin supply that will ever exist. On a net basis, including $GBTC outflows, ETFs have hoovered up ~160k BTC since launch in early January. Just massive numbers. Demand has surpassed most all initial expectations, with increasing strength into the rally ($788m of inflows from $IBIT alone yesterday amidst a -8% close from ATHs). While the bitcoin market has boomed post ETFs, nothing exists in a vacuum. For those that have been following since before the ETF, it was clear the ground work for this rally was laid over the past couple years of bear market purgatory. Various on-chain HODL metrics clearly showed all time levels of supply constraint. From the most simple to understand (i.e. '% of supply last moved in N years' most all hitting all time highs) or more advanced quantifications of HODL strength using the UTXO set, despite the 100% bounce from 2022 lows, net accumulation was on-going for much of 2023. However, as is tradition with the ever-cyclical $BTC market, with the rise to new heights comes the distribution of coins to new entrants from the old guard. This can clearly be seen by the change in long-term holders over the recent months. For those interested in a deeper dive on the quantification of LTHs, you can take a deeper dive here: insights.glassnode.com/quant… However, at this stage, I'd say its far from worrisome, nor by any means a red alert for bulls. New distribution (on a 30d change basis) began to occur at ~$1k in 2017 and ~$13k in 2020 during the run up to new highs, and started in early January this time around. Here's a visual of the distribution that has begun to occur. Below displays the drawdown in supply held by long-term holders from its local two peak as a percent of circulating supply. Just the start, and likely to increase as new highs are set (if current rally is sustained). A clear takeaway should be just how strong distribution can become during a raging bull market while price is still going parabolic. As new forms of demand unlock from new classes of investors that realize bitcoin did not indeed die during the previous bear, while fundamentals such as liquidity and adoption have improved, unlocked supply can be overwhelmed by newfound demand for quite a while. A local peak is reached once an increasing overhang of supply exceeds newfound demand at exceedingly high prices, the exchange rate crashes, and we repeat the whole cycle of accumulation all over again. In terms of catalyst on the horizon I am watching, there are a few obvious ones. First, it's still the early innings of ETF allocations. These passive flows from the world's largest financial institutions will continue, and are likely to grow given the immediate success of the products. Here are some of my thoughts from back in November on the impact of ETFs. All still hold true today, and admittedly my initial expectations have been far surpassed. Crazy bullish. x.com/DylanLeClair_/status/1… Portfolio managers and financial advisors have zero excuse to ignore the best performing asset in absolute and risk adjusted returns after the BlackRock stamp of approval and subsequent ETF rollout. You especially can't afford to ignore it when your direct industry competitors aren't ( $IBIT is currently 25% above its average volume weighted price ). There will be chasing. Secondly, the FASB accounting rule change has massive implications that have not begun to be priced in or felt by the market. Post 2020, it was only $MSTR, $SQ, $TSLA, $COIN, and some miners with $BTC exposure in public markets, which was treated as an intangible asset. It's only a matter of time until CFOs everywhere, with improved accounting standards for $BTC, begin to wake up. Saylor's $MSTR raised another $700m this morning at 0.625% in the convertible debt market. This is on top of already tapping the corporate debt market with a 0% convert and a 6% junk offering previously. You could've laughed and dismissed it all you wish during the mania of 2021. Laugh they did, yet MicroStrategy is 933% from the point they adopted a bitcoin standard, and every single debt instrument issued and equity sale facility utilized to buy $BTC is in the money. There will be copycats. While maybe not as ALL IN as Saylor's $MSTR, there WILL be copycats. Capital markets are still mispricing this transition. Corporate speculative attacks and share dilutions to acquire $BTC will occur with increasing levels of frequency and size. This is not going away. The playbook has been vindicated. After a decade of ZIRP financed buybacks that decapitlize corporate balance sheets that created a zombified public sector, the pendalum is going to swing back. $BTC is the new stock buyback, most companies just haven't figured it out yet. Lastly, Russia being kicked from SWIFT sent a clear signal to any not under the umbrella of USD hegemony. Multiple sovereign are currently mining BTC. Multiple are likely accumulating in secret currently as well. $BTC is running it back on a global stage, but this time around with pipes built out directly into the heart of TradFi. In summary, yes, incumbent HODLers have begun to slightly distribute, but they are currently being met by an insatiable wall of money. It's going to be a wild ride ahead. Finally, if you found any of this interesting or valuable, consider a share. 🧡🫡

I am waiting for @elonmusk to troll Gary and post that there is no evidence (IP tracking) that @SECGov was hacked

If Bitcoin breaks $35k I will giveaway $1,000 to one person who retweets This and is following me. Let’s go

Bitcoin hit $28,000 and as I promised you guys, I will be giving away $1,000 BTC. Just retweet & make sure you are following me.

If #Bitcoin hits $30,000 . I will give $1,000 Bitcoin to 10 people in next 48hrs. Just retweet and make sure you are following me.

I will give $1,000 Bitcoin to 10 people in next 48hrs. Just retweet and make sure you are following me.

#Bitcoin has not reached $50,000, so I will do my $2,500 giveaway as promised! How to participate: - Like & RT - Follow @rovercrc & @CryptoSeaTech The winner will be picked in a Twitter randomizer in precisely 48 hours!

#Bitcoin has not reached $50,000, so I will do my $2,500 giveaway like promised! How to join: - Like & RT - Follow @rovercrc The winner will be picked in a Twitter randomizer in precisely 48 hours!

Our YouTube channel was just reinstated with zero explanation from the company. Here is the interview with @100trillionUSD about bitcoin that Youtube doesn't want you to see. Retweet so the entire world sees this. #Bitcoin youtu.be/ytmhmixeCRo

I am giving away a year long Glassnode subscription! All you have to do is: - Like/RT this post - Follow me - Subscribe to our YouTube channel m.youtube.com/channel/UC678L… Comment when finished! Winner will be selected Saturday.

Typical end of quarter delivery from @Tesla . Maybe I should tag @elonmusk as well. Someone literally wrote scratch on the car with an arrow and they still deliver it.

#btc #eth 🤣

🚨China just made their 2nd Fatal Mistake In 100 Years While most know China's banned #Bitcoin mining, many are speculating why they would do this, I believe the answers are laid out for us in history and they're repeating the same crucial mistake again... Time for a thread 👇

#BlockFi give away SockFi

RT with #BlockFi if you want a pair of SockFis. Must be following @BlockFi on Twitter. US only. Ends 11:59 PM EST tonight. Terms and geographic restrictions apply. Details and AMOE here: bit.ly/SockFis

$BellaBaolam & #CashAppBitcoin Nice campaign

You can now instantly send bitcoin to other $cashtags for free, right from your Cash App. To celebrate, we’re giving out $1 million in BTC. To enter, follow us & RT this post w/ your $cashtag & #CashAppBitcoin. Void where proh no purc nec. End 3/18 Rules: bit.ly/3twbrSp