Inexistent ETF inflows!
Hello!
We have been without ETF flows for 4 weeks. The charts says it loud and clear, we are not able to put more money in than Grayscale. Grayscale has been selling massive amounts of Bitcoin, and there is not enough demand for now.
In addition today they published the inflation data in the United States. The number came over the market expectations and that's why we saw a flash crash for the Bitcoin price.
I think that this correction will be short-lived. The halving is in 8 fucking days! 8 fucking days!!!!
We've been waiting for this for a very long time. The bear market switched the mentality of the no-coiners, they are not in yet.
They are always late to the party, they will come after we surge above 100k, and their FOMO will move things really fast.
We just have to wait a little bit more. I hope you have your bags ready.
At the time of writing this words, Bitcoin price is again above $69,000. If I have to bet I would say that we break ATH before the en of April. The all time highs are approximately at $74,000, so I expect to be above $80,000 in May 2024.
I will try to be more active and share my thoughts here.
I hope you have a great day!
Posted Using InLeo Alpha
Well Greyscale is creating more buying opportunities for a lot of people, so it might be a good thing for people who thoughts at 74k they had no opportunities again
People have one last chance of buying cheap Bitcoin. Buy now or regret it later.
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I am sure that the INFLOWS will appear in a few months again, and we will see how GREYSCALE buys a lot of BTC at a discount also at that time, their tactic is masterful.
BTC has to fall in price due to the sale of miners to cover its expenses, then simply scarcity will do its job.
Hey Eddie!
I don't see they will be able to buy Bitcoin below 65k until next bear market.
I am super bullish, and I hope Grayscale lowers their fees soon or they will regret it later!