Govt Bitcoin selling is overestimated.
$224B has flowed into this market since 2023. Government-seized BTC contributes about $9B to the realized cap.
It's only 4% of the total cumulative realized value since 2023. Don't let govt selling FUD ruin your trades. — Ki Young Ju
$224B has flowed into this market since 2023. Government-seized BTC contributes about $9B to the realized cap.
It's only 4% of the total cumulative realized value since 2023. Don't let govt selling FUD ruin your trades. — Ki Young Ju
Few Bitcoin traders understand this:
If you want to long BTC with leverage. DON'T buy futures, buy spot BTC with margin.
EXPLAINER
(1) Buying futures can be fulfilled by any counter trader who has USD collateral, together you are minting new synthetic BTC to the supply which creates a bearish environment.
(2) When buying spot with margin (borrowed USD), only BTC holders can sell it to you. This creates a supply shortage and a very bullish environment.
BONUS
In a bull market it's much cheaper to fund a long position with borrowed USD or USDT than with calendar futures or perps.
— Source
If you want to long BTC with leverage. DON'T buy futures, buy spot BTC with margin.
EXPLAINER
(1) Buying futures can be fulfilled by any counter trader who has USD collateral, together you are minting new synthetic BTC to the supply which creates a bearish environment.
(2) When buying spot with margin (borrowed USD), only BTC holders can sell it to you. This creates a supply shortage and a very bullish environment.
BONUS
In a bull market it's much cheaper to fund a long position with borrowed USD or USDT than with calendar futures or perps.
— Source
Next 6-12 months:
- Interest rate cuts
- Pro-crypto president
- Pro-crypto SEC + regulations
- FTX distributing up to $16B in cash
- Ethereum ETFs
- Interest rate cuts
- Pro-crypto president
- Pro-crypto SEC + regulations
- FTX distributing up to $16B in cash
- Ethereum ETFs
Mt. Gox moved 47K Bitcoin, but it won't affect the price.
Three possible scenarios for these transactions:
1. Internal transfer: Changing wallets for security.
2. OTC deal: Designed not to affect the market price.
3. Using a brokerage service: Likely settled after selling since it didn't flow through brokers' wallets or exchanges.
Additionally, 1.5K BTC went to Bitbank, but no significant surge in trading volume has occurred. 1.5K BTC is a relatively small amount.
Monitoring exchange flows is necessary to determine if Bitbank is being used as a broker.
If scenario 3 applies, 94K BTC is available for sell-side liquidity, but selling this much BTC without on-chain movement is unlikely. If it's OTC selling, we're in the clear. — Source
Three possible scenarios for these transactions:
1. Internal transfer: Changing wallets for security.
2. OTC deal: Designed not to affect the market price.
3. Using a brokerage service: Likely settled after selling since it didn't flow through brokers' wallets or exchanges.
Additionally, 1.5K BTC went to Bitbank, but no significant surge in trading volume has occurred. 1.5K BTC is a relatively small amount.
Monitoring exchange flows is necessary to determine if Bitbank is being used as a broker.
If scenario 3 applies, 94K BTC is available for sell-side liquidity, but selling this much BTC without on-chain movement is unlikely. If it's OTC selling, we're in the clear. — Source
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Jiangxi Bank of China 🇨🇳 goes bankrupt.
Customers protesting and demanding their money back shows how fragile the banking system really is and giving us a reminder of 2008 ⚠️
Customers protesting and demanding their money back shows how fragile the banking system really is and giving us a reminder of 2008 ⚠️