📊 Inflows of BTC-ETFs
The inflow of funds into the BTC-ETF has resumed (+$378.3 million). BlackRock now has 274.029 BTC ($16.9 billion) on its balance sheet.
"95% of ETF investors did not sell shares during a rather unpleasant and prolonged decline in the value of BTC."
Eric Balchunas
#BTCUSDT
Thoughts on the market
$BTC seems to be forming a V-shaped reversal (a figure for continued growth) after touching $57K + the week closed quite positively.
A bullish or strong market is marked not only by the growth of assets, but also by the fact that there is a rapid return from falling to the previous and even higher price values on older timeframes — this is what we have observed.
After a good closing of the weekly candle, there is a high probability of continued growth. And the combination of factors itself is very encouraging that the peak of the correction of the crypto market has been passed.
Since the beginning of April, $BTC inflows to exchanges have been sharply decreasing, which may indicate a significant decrease in pressure from sellers. May began with a powerful accumulation of $BTC by whales. In order for miners to remain profitable, it is necessary for $BTC to trade above $80,000.
— CryptoQuant
There is enough positivity now in the macro segment, the reduction of the QT policy, the growth of unemployment and hints from Powell that they will not raise the rate this year. It begs the conclusion that the Fed can resume the printing press — and this is a big plus for the crypt.
The situation with banks is also not the most rosy for the economy — up to a third of the entire US banking system may be under the threat of bankruptcy, which is also an excellent driver for risky assets.
Last Friday, May 3, outflows from spot BTC-ETFs, which lasted all week, were abruptly replaced by a significant inflow of +$378.3 million
— Farside
We are working, analyzing 💪
The #Bitcoin network has processed more than 1 billion transactions — for 5,603 days of the existence of the first cryptocurrency network, an average of 178,475 transactions per day were made.
Читать полностью…😪The dog, after whom #Dogecoin was made, can no longer walk. He moves with the help of a walker.
😔Now the dog is 18.5 years old. This is almost a record for the breed.
The unknown person paid a commission of 1.59 BTC (>$100,000) for the transfer of 0.0001 BTC ($6.32)
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Instruction manual:
- Launching a bot
- Invite referrals
- Get a PRIVATE token
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- The profit is ready.
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Jack Dorsey's Block company has announced strategic investments in Bitcoin — they plan to allocate 10% of profits every month to buy BTC.
At the end of the 1st quarter of 2024, the company owned $BTC in the amount of $573,000,000.
We believe that the world needs an open protocol for money that is not owned or controlled by any single organization.
$BTC Chart to think about…
Cue ball loves 20-30% corrections very much%
There are obvious moves on the chart over the past year and a half with a return to ranges, which indicates the normality of such pullbacks.
Similar corrections in 16-18, there are even more of them in the bull market.
Whether to take a pattern or not is up to you, but it will be useful for analysis 😉
New investments by #Tether 💵
Tether has invested $200 million in the biotech company Blackrock Neurotech, with a Brain-Computer-Interface (chipping, etc.. it looks like a Neuralink Mask)
Against the background of such investments by Blackrock Neurotech, Tether introduced its new division Tether Evo. The division will be engaged in investing in "human-oriented" technologies.
Earlier, Tether announced a new concept for the company, and also stated that they would invest in various areas of the global economy.
It is worth noting that Blackrock Neurotech has nothing to do with the Blackrock we know.
In general, biotechnology is an interesting investment direction, and Tether only confirms this + such movements pull the company beyond the framework of stablecoins.
🍢Reading with a kebab in hand: how to choose a crypt for X's?
If you go to the crypt "under the hood", there is a lot of technical and economic stuffing. It takes hundreds of hours to understand something. I really don't want to do this on the May holidays!
Is there any way it could be simpler? Of course! To create your own strategy, just a couple of tools are enough. And then you will only have to evaluate and customize its work.
Who needs your technical analysis? You can make fun of him, but you still need to master the base. Even if you are a committed "fundamentalist", understand the moving averages, relative strength index (RSI), MACD, support and resistance levels.
What about the fundamental one? It includes an assessment of the basic economic, financial and other factors affecting the value of the crypt. It's also a very useful thing.
Sentimental analysis – what kind of beast? This is a study of market sentiment, because investors' feelings greatly influence price movements. The crypt, for the most part, is the emotions of the crypto community. The higher the social activity in a project, the more chances it has for growth.
Sentiment shows what real demand looks like and who creates it. Such an analysis helps to understand how the price is moving towards some interesting resistance level.
Which one is better? It is better to use everything in a complex, so we will get the full picture and reduce the risks. When one signal confirms another, it reduces the likelihood of erroneous decisions and increases the effectiveness of trading strategies.
💰 Comparison of each halving era of #Bitcoin by profitability and correction size
Profitability is decreasing, but drawdowns are also decreasing:
🔴 profit +5315%, drawdown -85%
🔵 profit +1336%, drawdown -83%
⚪️ profit +569%, drawdown -77%
#Bitcoin is a complete Power Law model with the following peaks and bottoms.
💬 Everything is just beginning
Don't wait for the "perfect" entry point - it doesn't exist.
According to forecasts, bitcoin will reach 100,000 this year, altcoins can soar 50-100 times.
Consider any collapses as a great buying opportunity.
AI and gaming will be the leaders, choose something for yourself now!
⚡️⚡️⚡️#SEC plans to sue #Robinhood
On May 4, the SEC issued a #Wells notice to Robinhood — the company's cryptocurrency business in the #USA may violate securities laws.
Let's drop a little 😬... an excuse to buy, who didn't have time!😎
The dollar value of all transfers on the #Bitcoin network has exceeded $100 trillion in its history.
Читать полностью…In the first quarter of 2024, venture capitalists invested $2.49 billion in companies specializing in cryptocurrencies and blockchain in 603 transactions.
This was the first increase in both invested capital and the number of transactions in three months, possibly signaling that the fourth quarter of 2023 was a "bottom". However, sustained and larger growth is needed to confirm this trend.
⚡️"Am I a joke to you?”: we understand memcoins
Memcoins are cryptocurrencies that are often created “just like that”: there is no service or application behind them, they are not backed by other assets.
🏆As a rule, this is just a joke or a meme from social networks. But you've probably heard about the “dogs” Dogecoin and Shiba Inu. Maybe even invested in them?
Meme coins have essentially no intrinsic value, their price depends only on demand and popularity. Because of this, memcoins are very volatile.
🏅At the same time, memcoins reflect the fundamental trends of the crypto market. Any coin will be influenced by social media activity, marketing, the attention of celebrities, big businessmen and investors. But in memcoins, this is more visible than usual.
🎖Nevertheless, some memcoins are trying to create real value: for example, they create metaverses, NFT platforms and educational services based on SHIB and FLOKI.
Are memcoins even needed? To begin with, no one can forbid their creation. Especially while the market is ready to buy them.
Some experts say that memcoins spoil the reputation of the crypto industry. Even Vitalik Buterin asked developers to create tokens not just for entertainment, but so that they would benefit society.
Others believe that memcoins attract new investors and developers to the crypto market. Supposedly, any PR is beneficial. What is clear: Elon Musk has become a DOGE ambassador at all.
😬P.S. 99% of memcoins are still garbage, which serves to enrich the creators. People tend to believe in the success of such a slag as memcoins, as this is the hope for a lucky lottery ticket.
🚀 Google Cloud — partnership with $SOL
Developers of WEB 3 games on the #Solana blockchain will be able to use the #Google Cloud ecosystem
The purpose of cooperation: massive implementation of blockchain games.
Why are we falling?
Today's launch of spot ETFs for Bitcoin and Ethereum in Hong Kong has aroused significantly less interest compared to their counterparts in the United States. The initial trading volume in Hong Kong was only about $11.2 million, while in the United States this figure reached $4.6 billion.
This difference may be due to the limited access of investors from mainland China and other market features of the region.
Things are not going smoothly in the US either: for four days now there has been a net outflow of funds from spot ETFs, and the outflow is even from the flagship ETF from BlackRock. Do not panic, but you need to understand that the flows into spot bitcoin ETFs have stabilized, and it seems that you should not expect more optimism.
The situation with bitcoin remains weak, especially considering that it has lost news that could drive the market. The price of bitcoin continues to fall...
💰 All the LED phrases of all #Bitcoin wallets in the world consist of this list of words
Thus, in order to really have the technical ability to ban Bitcoin, you need to ban the use of these words in some way
The words are specified in BIP39, the standard for generating mnemonic phrases.
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Eminem rapped for a new Crypto․com ad
The full version of the promotional video will be released tomorrow during the Los Angeles Lakers game in the NBA Playoffs
Previously, Matt Damon was the face of the advertising company, but after a while, after the release of the advertisement, the price of $BTC fell by more than 60% and he was accused of advertising risky investments to his fans.
🪙 $TON launches first launchpad from the TON Foundation team, which combines the liquidity of $43B EVM networks, 900 million Telegram users and the TON blockchain. After passing the competition, you can win an allocation in XTON.
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