Todays events

I’m going for $2-$2.5B worth of #Bitcoin sold by lettuce hands today.

We saw the biggest inflow of #Bitcoin to exchanges in a week, circa $500M.

#Bitcoin also saw roughly $170M of liquidations past 24 hours.

Bitcoin saw a 5%+ drop today, not by my screen but…

Cycle high for #Bitcoin dominance

Apparently if the geopolitical tensions continue into April 20. The #Bitcoin CEO is pushing back the halving.

Can anyone please confirm?

Once again #Bitcoin sells off on geopolitical news did the same Oct7. Bounced back shortly after. Let’s see how long it takes.

Follow the trend, #Bitcoin dominance is 0.5% away from new cycle highs and up 2% in the past month.

ETH/BTC continues to trend lower, with 0.05 as resistance and down 7% this year.

I was one of the few who were extremely bullish on the US #Bitcoin ETFs.

I think more people are sleeping on this.

How much Asian money is allowed to enter the US ETFs? If any.

HK gives access across the Middle East, emerging markets, Africa, etc.

The big difference…

As the $GBPUSD collapses today, hits 1.24

People actually choose to store their value, time, and energy in $GBP.

1. How the hell can the BOE think about a rate cut
2. The lower this thing goes, the higher the inflation

#Bitcoin volatility is the most redundant argument I've…

On a volume and market cap basis, $IBIT is in the top 20 for both, out of all US ETFs.

It was in the top 10 for volume in 30 minutes.

Anything #Bitcoin related continues to amaze me.

I just can’t take $COIN seriously.

I thought it was weird outsourcing lightning work to Lightspark instead of acquiring them. Considering the issues they’ve had over the years with lightning.

It’s all short-term thinking, to try and rug retail.

Been monitoring #Bitcoin fees for the past few weeks now, and they are starting to rise again meaningfully.

$5M in fees yesterday, the highest since March 6.

#Bitcoin hasn't flipped Ethereum fees in 2024; I think they might soon. Halving may be the catalyst.

Tailwinds for…

Main reason why we saw such a big bid during US hours.
Also interesting it occurred during a hot CPI print.

Such strong demand for gilts on the belief rate cuts are coming and a weakening economy.

It’s all about the fed, and they aren’t cutting.

Wow $USDJPY past 153
More rate hikes from BOJ

$MSTR has been leading for some time 8% today, #Bitcoin trying to break through 70k, which would signal to me risk off.

Free and open markets

#Bitcoin An asset that is supposedly a zero-rate phenomena and a product of 15 years of QE with no intrinsic value should 100% be selling off here. By orders of magnitude and it’s up.

Equities down
Gold down
VIX up 10%
Oil up, Brent over $90
Yields up
DXY above 105
No rate cuts…

#Bitcoin goes green 👀

Higher for longer until something breaks #Bitcoin

To show how much more room #Bitcoin has to run.

Roughly 54% of the supply is held from STHs; each cycle peak has coincided with roughly 80%+ of the supply being held by STHs (driven by fear and greed).

The principal cohort continues to shift after each cycle top, shifting from…