🌟 Bitcoin Makes History with Dual Milestones! 🚀

InvestAnswers
10 Apr 202419:36

Summary

TLDRThe video discusses recent developments in the Bitcoin market, highlighting two historic milestones: the demand from accumulation addresses exceeding miner supply for the first time and the ATR model showing no sell signals for 25 weeks, a record. It also touches on macroeconomic factors like CPI data and its impact on markets, institutional investments in Bitcoin, and the upcoming launch of Bitcoin ETFs in Hong Kong. The speaker emphasizes the strength of Bitcoin as an inflation hedge despite market volatility.

Takeaways

  • 📈 Bitcoin's recent price volatility is part of its nature, and despite short-term fluctuations, it remains a significant focus for investors and institutions.
  • 💹 The CPI data release indicating rising inflation has had a mixed impact on the markets, with some sectors like S&P 500 experiencing a downturn, while Bitcoin momentarily fell but quickly rebounded.
  • 🏦 Institutions continue to show strong interest in Bitcoin, with reports of BlackRock and Fidelity increasing their Bitcoin holdings, signaling a positive long-term outlook.
  • 🌏 Hong Kong is set to approve Bitcoin ETFs, further legitimizing and expanding the cryptocurrency market, with the first ETF expected to be trading soon.
  • 📉 Grayscale Investments has seen a significant outflow of Bitcoin, but this is seen as a temporary phase, with the market expected to stabilize as demand remains strong.
  • 🔒 70% of Bitcoin is held for over a year, indicating a strong presence of long-term investors and a healthy market structure.
  • 📊 The ATR model, which has historically been accurate 91.67% of the time, has not given a sell signal for Bitcoin for 25 weeks, an unprecedented streak in its history dating back to 2010.
  • 🚀 Demand from accumulation addresses is exceeding the supply from miners, a historic first that suggests an increasingly bullish market for Bitcoin.
  • 💡 The current market dynamics, including diminishing supply and increasing demand, set the stage for a potentially explosive growth in Bitcoin's value.
  • 🌐 Despite some skepticism from entities like Deutsche Bank, the overall trend points to a positive future for Bitcoin, with major institutional investments and regulatory developments supporting its growth.

Q & A

  • What are the two historic Bitcoin milestones mentioned in the transcript?

    -The two historic Bitcoin milestones mentioned are the demand from accumulation addresses exceeding the supply from miners for the first time in history, and the ATR model showing Bitcoin going 25 weeks without a sell signal, which is also a first in its history.

  • How has the recent CPI data release impacted the markets and Bitcoin?

    -The recent CPI data release showed a year-over-year increase of 3.8%, higher than the forecast of 3.7%, which has caused the markets to tank, including a temporary drop in Bitcoin's price. However, Bitcoin quickly rebounded as it is considered an inflation hedge.

  • What is the significance of Hong Kong potentially approving Bitcoin ETFs?

    -The approval of Bitcoin ETFs in Hong Kong is significant as it would make the city one of the first to offer such financial products, potentially attracting more institutional investment and increasing the legitimacy and accessibility of Bitcoin for a broader investor base.

  • What does the report from Signal Advisers indicate about institutional interest in Bitcoin?

    -The report from Signal Advisers indicates that institutional interest in Bitcoin is growing, as they own 20,571 shares of BlackRock Spot Bitcoin ETF, suggesting that more firms are investing in Bitcoin as they see it as a valuable asset.

  • Why is the fact that 70% of Bitcoin is held for over a year considered positive for the market?

    -The fact that 70% of Bitcoin is held for over a year indicates a strong presence of long-term investors, which is generally seen as a positive sign for the market's stability and growth, as it suggests a belief in the asset's long-term value.

  • What is the significance of the recent spot ETF volume being near an all-time high?

    -The spot ETF volume being near an all-time high indicates increased demand and interest in Bitcoin, as spot ETFs allow investors to trade the actual Bitcoin asset directly, rather than through futures contracts, which can be more volatile.

  • What does the Deutsche Bank report suggest about the future of Bitcoin?

    -The Deutsche Bank report suggests a divided opinion on Bitcoin's future, with one-third of respondents expecting the price to drop below $20,000 by the end of the year. However, the report also highlights that the asset is still early in its adoption and that many are looking for serious alpha in the market.

  • How does the Bank of England launching an Instagram account relate to Bitcoin?

    -The Bank of England launching an Instagram account is seen as a signal to buy Bitcoin by some, as it is viewed as a traditional financial institution adapting to modern, more social media-oriented platforms, which could be interpreted as a sign of increasing acceptance and integration of cryptocurrencies like Bitcoin into the mainstream financial world.

  • What is the significance of the ATR model's 25-week streak without a sell signal for Bitcoin?

    -The 25-week streak without a sell signal from the ATR model, which is known to be correct 91.67% of the time, indicates a strong bullish trend for Bitcoin. This is historically unprecedented and suggests a continued positive outlook for the cryptocurrency.

  • What is the current status of Grayscale's Bitcoin holdings?

    -Grayscale has experienced a significant reduction in its Bitcoin holdings, having bled over 303,000 Bitcoin. This is expected to continue with an estimated 100,000 more Bitcoin potentially being sold off in the next three months.

  • What is the significance of the upcoming 'having' event mentioned in the transcript?

    -The 'having' event is a reference to an anticipated price increase of Bitcoin following a significant event or milestone. The speaker expects this event to occur within nine days and suggests that it will lead to a significant rise in Bitcoin's price.

Outlines

00:00

📈 Bitcoin's Rocky Road and Historic Milestones

The speaker begins by acknowledging the recent volatility in the Bitcoin market, describing it as a 'rocky road.' Despite this, they express excitement about two historic milestones related to Bitcoin that have never been seen before. The discussion then shifts to the Consumer Price Index (CPI) and its impact on the market, highlighting that although the government's measurement methods are questionable, market trends are influenced by such data. The speaker also mentions the rebound of Bitcoin after a brief dip, emphasizing its role as an inflation hedge. Furthermore, they touch upon the increasing interest of institutions in Bitcoin, with specific mention of Hong Kong's upcoming crypto regulations and the growing influence of Grayscale and other firms in the Bitcoin ETF space.

05:00

🌐 Global Developments and Bitcoin ETFs

This paragraph delves into global financial developments, particularly focusing on the first Bitcoin ETF approval in Hong Kong and the anticipation of trading commencing shortly after. The speaker emphasizes the urgency of Hong Kong's regulatory body to approve these ETFs and the potential influx of capital from the region. The narrative then shifts to discuss Grayscale's current position, noting the significant outflow of Bitcoin from the fund. Despite this, the speaker remains optimistic, highlighting the strong demand for Bitcoin and the zero outflow days experienced by Fidelity and Grayscale, indicating a robust investor interest. The paragraph also covers the long-term holding trends in Bitcoin wallets, the anticipation of more institutional investments, and the positive outlook for Bitcoin's price despite market fluctuations.

10:01

📊 Market Analysis and Investor Sentiment

The speaker provides an analysis of the ETF flows, highlighting the recent trends and the impact of institutional buying on the Bitcoin market. They discuss the role of BlackRock and Grayscale in the ETF space, and how their actions affect the overall market sentiment. The paragraph also includes a discussion on the potential for rate cuts by the Federal Reserve and the implications of such a move on the market, particularly how it could lead to increased investment in risk assets like Bitcoin. Additionally, the speaker mentions the Bank of England's new Instagram account as a signal for potential investors. The paragraph concludes with a look at the historic demand for Bitcoin, which is now exceeding the supply from miners, indicating a bullish market ahead.

15:02

🚀 Unprecedented Demand and Bitcoin's Future

In the final paragraph, the speaker discusses the unprecedented demand for Bitcoin, as evidenced by the new demand from accumulation addresses surpassing the supply from miners. They highlight this as a historic event and predict a parabolic increase in Bitcoin's value. The speaker reiterates the theme of diminishing supply and increasing adoption, which they believe will lead to a spectacular bull market for Bitcoin. They also mention the ATR model, which has not given a sell signal for 25 weeks, a historic duration, and suggest that this model, with a high accuracy rate, indicates a strong upward trend for Bitcoin. The speaker concludes by dismissing the bearish predictions from some financial institutions and reiterates the positive outlook for Bitcoin, especially considering the upcoming events and the interest from major players like Hong Kong and China.

Mindmap

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. In the video, Bitcoin is discussed as an investment option and store of value, particularly in the context of inflation and macroeconomic trends.

💡CPI

CPI, or Consumer Price Index, is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. The video discusses the recent release of CPI data and its impact on financial markets and investor sentiment.

💡ETFs

Exchange-Traded Funds (ETFs) are investment funds and exchange-traded products that hold assets such as stocks, bonds, commodities, or a combination of these and are traded on stock exchanges similar to individual stocks. In the context of the video, ETFs are significant because they allow for the trading of Bitcoin and other cryptocurrencies in a more regulated environment.

💡Inflation

Inflation refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. In the video, inflation is a central theme, with the discussion revolving around how Bitcoin can serve as a hedge against it.

💡Hong Kong

Hong Kong is a Special Administrative Region of China and a major global financial center. In the context of the video, Hong Kong is significant because it is expected to approve Bitcoin ETFs, which would further legitimize and expand the cryptocurrency market.

💡Grayscale

Grayscale is a digital currency asset manager that offers investors exposure to cryptocurrencies through its range of products, including the Grayscale Bitcoin Trust (GBTC). The video discusses Grayscale's significant outflow of Bitcoin, which has implications for the market.

💡Deutsche Bank

Deutsche Bank is a leading multinational investment bank and financial services company headquartered in Germany. In the video, Deutsche Bank is mentioned in the context of a report that includes a survey predicting the future value of Bitcoin, which is a point of contention in the discussion.

💡Fidelity

Fidelity is a multinational financial services corporation that offers a variety of investment products and services, including the Fidelity Bitcoin ETF. In the video, Fidelity is highlighted as a major player in the ETF market and its actions are seen as indicative of the overall market sentiment.

💡Macro

In the context of the video, 'macro' refers to the broad economic factors and trends that affect the overall performance of the economy and, by extension, the financial markets, including cryptocurrencies. The discussion of macro factors such as CPI and interest rates is used to analyze and predict market behavior.

💡Accumulation Addresses

Accumulation addresses in the context of Bitcoin refer to the addresses or wallets that are consistently adding to their holdings over time, indicating a long-term investment strategy. The video highlights a significant shift where the demand from these addresses is exceeding the supply from miners, suggesting a bullish trend for Bitcoin.

💡ATR Model

The ATR (Average True Range) model is a technical analysis tool used by traders to measure market volatility and to provide dynamic stop-loss and take-profit levels. In the video, the ATR model is used to analyze the historical performance of Bitcoin and to predict future price movements.

Highlights

Bitcoin's recent price volatility is part of its nature, offering buying opportunities.

Two historic Bitcoin milestones are being discussed, which have never been seen before.

CPI data release and its impact on markets, including Bitcoin, is a topic of discussion.

Institutions are doubling down on Bitcoin, with reports of SEC owning shares in BlackRock's Bitcoin ETF.

Hong Kong is expected to approve Bitcoin ETFs, potentially impacting the market.

Grayscale's Bitcoin holdings are under 40%, indicating a significant shift in the market.

70% of Bitcoin is held for over a year, showing long-term investor commitment.

BlackRock and Fidelity have accumulated a large amount of Bitcoin with no outflows.

Deutsche Bank's survey suggests分歧 on Bitcoin's future value, with some expecting a drop below $20,000.

The potential for interest rate cuts and their impact on cash value, leading to increased demand for Bitcoin.

Bitcoin's role as an inflation hedge, despite market fluctuations.

The significance of the upcoming Bitcoin halving event and its potential impact on price.

The Bank of England launching an Instagram account, seen as a signal for Bitcoin investment.

ETF flows and their influence on Bitcoin's price, with a focus on BlackRock and Grayscale.

Demand from accumulation addresses exceeding miner supply for the first time in Bitcoin's history.

The ATR model indicates a continuation of the Bitcoin bull market with no sell signals for 25 weeks.

Transcripts

play00:07

hello everybody Welcome in this one it's

play00:11

been it's been a rocky road over the

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past couple of days with Bitcoin but

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that's what Bitcoin does today we're

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going to uncover two historic Bitcoin

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Milestones that the world has never seen

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before and you've never seen it before

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because it's Unique content that's what

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we do here but first we got to talk

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about the CPI shocks to talk about oil

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got to talk about some institutions

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doubling down what else do we got uh

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Hong Kong is coming crypto practor

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chiropractor in the house at grayscale

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how they're under 40% already how 70% of

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Bitcoin is locked Deutsche Bank some

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dreams and some crazy charts at the very

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end so make sure you stay tuned for that

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and uh once of all thank you pancake

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Panda and thank you to the mods in the

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chat let's jump in and make sure I got

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everything working and shout out to

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patreon we have dark glass patreon

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member here the info has made me more

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money Way Beyond Way Beyond the course

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of the subscription thank you so much

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dark class for being part of the family

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Bitcoin only playlist is here excuse me

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talking too much um and what's crazy T

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minus 9 days 6 hours 17 minutes to go

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and people are saying 20th of April Etc

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well if you go to the official Bitcoin

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having clock the block clock this is Max

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Shane's personal clock here for double

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verification one week 2 days 11 hours so

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this is about four or five hours

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different to the previous one but

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again it's going to be crazy that'll be

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Circa Friday as I promised as well a

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couple weeks ago Friday it'll be a

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Friday and it'll be an exciting Friday

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wherever you are in the world now

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breaking news let's do get the macro

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stuff out of the way cuz the reason do

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this is because of macro macro and

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crypto are completely integrated uh this

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is from markets and

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Mayhem us CPI data was released but who

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really cares because the government

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doesn't know how to measure stuff anyway

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but anyway markets do look at it you can

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see that the actual CPI year of year is

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3 and a half% they forecast at 3.4%

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previous at 3.2% that means the trend is

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going up that scares the markets

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year-over-year actual 3.8% forecast 3.7

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% and month of a month 0.4% forecast

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0.3% again 0.1% Delta across all the

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measurements and it doesn't matter how

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you measure it because the way they

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measure it is looking back about a year

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of data not accurate data today so again

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it's all silliness but the markets did

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respond markets tanked S&P 500 fell

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people wondering why well we like that

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because that gives us a chance to buy

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but the crazy thing is Right Bitcoin

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fell too but only briefly and then

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rebounded because they're probably

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wicking out some leverage Longs but

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remember everybody irony is not lost on

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me okay inflation prints hot Bitcoin

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goes down okay Bitcoin is the inflation

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hedge has been since the beginning of

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time even though people say it doesn't

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really work at that it has been for a

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long time and and always will be because

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it's hard it doesn't debase and this is

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what drives CPI this is what drives

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inflation gasoline prices 40% of the CPI

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is driven by gasoline fuel because

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everything is made of fuel Plastics

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water bottles tires on cars the stuff to

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get around it's all there anyway this is

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a funny funny tweet as well from Bitcoin

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Monger so let me get the straet you are

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selling the greatest inflation hedge

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that ever existed after inflation comes

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in hotter than expected again it makes

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no

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sense but there's a few things in this

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video that will make no sense either but

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we understand how to interpret the

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signals and the data and that's what we

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do here now let's talk about this more

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institutions are in another one just

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came in literally an hour ago less but

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uh signal advisers reports that with the

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SEC that they own

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20571 shares of Black Rock Spot Bitcoin

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ETF and there's a lot more coming ladies

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and gentlemen not just them every day

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because we're past that 90-day window

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which I covered last week more firms are

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going to come in okay this is early

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early we're going up from here but

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there's more guess who else is coming

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and has a lot more money than some of

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these firms Hong Kong this from Bitcoin

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archive and bitcoin news Hong Kong to

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approve Bitcoin ETFs next week from

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Reuters and Hong Kong's sfc to approve

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the first Bitcoin ETF by April 15th

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that's 5 days from now and it looks like

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they will be trading two weeks later on

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the stock exchange per 10-cent news

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so obviously Hong Kong has a sense of

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urgency they know they need to be in

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before the having which is the 19th or

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20th of April and they're going to do

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that when they start trading I don't

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know but they will need to be seated so

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the way these funds work is they buy

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their bags and Advance when they know

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it's cheap so they can issue shares

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after the fact expect Hong Kong money to

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flow in if it's not already in the next

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5 days that's how it works now another

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crazy news too grayscale is now under

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40% compared to all the nine new ETFs of

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the total bag and this is from the

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Block they are now bleeding bleeding so

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fast and I know people are frustrated

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they saying

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how come this just keeps on bleeding

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they've lost half their

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Bitcoin and I'll say it again and I hope

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people get this because I've said it a

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hundred times but people still

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forget I don't know why but here it is

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okay in simple

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terms I thought half maybe 40% of gbtc

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was all the speculators that did the

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cash and carry trade back in 2020

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sometimes even before what that meant

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was they could

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literally uh buy Bitcoin

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spot and sell the Bitcoin shares until

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the shares went under water instead of

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selling at a discount that's what caused

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a huge part of the problem in the bare

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market last time around that cash and

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carry trade looks like it was massive

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more probably half than the actual gbtc

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so of the 641 th000 Bitcoin that were in

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there at the beginning of the year

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probably 320,000 of them were tied to

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this trade maybe even more because the

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selling is too extreme to be just people

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moving to a cheaper uh fund rate now I

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do believe

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between I don't know exactly but

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probably 46 maximum will be this Cash

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and Carry trade that means grayscale

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will probably dump another 100,000

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Bitcoin over the next 3 months

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potentially they've lost over 300,000

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already another 100,000 to go so we are

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at the end of the most serious bleed but

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we're still seeing some bad days so

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beware of that but the positive news

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about this is Bitcoin is absorbing it

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all and ibit and Fidelity have had zero

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outflow days that shows you how the

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demand is so strong and

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remember the Chinese are coming and

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institutions are coming all right and

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there's only going to be 450 Bitcoin a

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day to go around there's not enough

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nowhere near enough I'm working on a

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separate analysis that shows you that

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whole perspective in simple charts so

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stay tuned for that it'll be out before

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the weekend now that's the grayscale

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dumpage news sorry people are upset but

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remember as well all

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right we are expecting a $42,000 bitcoin

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price last year at the time of the

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having we are basically 70,000 now we're

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30,000 higher than we expected we would

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be and that's all because of these

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ETFs and these ETFs have sucked in a ton

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of money and all the dumpage from

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grayscale that is extremely positive

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news when you interpret all the data now

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other news too 70% of Bitcoin is now

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held for one year plus despite all of

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the changes there were a lot of

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long-term holder wallets in this

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grayscale fund which were out but still

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when you look at all the wallets 70%

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still hold more than one year 24% have 1

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to 12 months of holding and 7% less than

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1 month these are the tourists people

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foaming in fooing in people didn't make

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it and that's just how it is in terms of

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fidelity and black rock which are the

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two big players in this spot ETF you can

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see here this is from hey Apollo Black

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Rock and Fidelity have stacked 416,000

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Bitcoin with zero days of outflow zero

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okay big time that is huge just want

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that to sink in for a second also spot

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ETF spot volume is near an alltime high

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before the ETFs were there there was a

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lot of Futures action now it's a lot of

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spot action which is also very very good

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that impacts a lot of things too now

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there some fun news that was published

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in Bloomberg was a Deutsche Bank report

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a survey and this is kind of interesting

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it's kind of from different parts of the

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world but we are so early that's the big

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message here every buddy people are

play10:00

divided still over Bitcoin staying power

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onethird expect the largest

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cryptocurrency to slide below $20,000 by

play10:08

the end of the year according to

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Deutsche Bank survey I would love to

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see where they do these surveys um maybe

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they go into a zoo and say hey throw a

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dart at this survey form and see what

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hits all right Bitcoin we will never see

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$20,000 again I think that's 99% certain

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there's always a 1% chance it could go

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to zero but it's highly unlikely

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especially given the money and again I

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don't even want to spend any more time

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with this but that is crazy maybe

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somebody's hoping for that sub $20,000

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Bitcoin because they missed the train

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it' be nice if trains could just go in

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reverse and come back and pick you up

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after you miss them but that's not how

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it works and what's also crazy we know

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rate cuts are happening we know the FED

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doesn't control CPI but State Street did

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say yesterday they do believe there will

play11:01

be at least four Cuts 150 basis points

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this year and they do believe contrary

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to most experts on Wall Street they do

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believe the FED will have to cut by June

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or July at the latest but when that

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happens there's 6.11 trillion dollars on

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the

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sidelines that is record level and basic

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math is interest Cuts Plus inflation

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increasing means cash is trash all right

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what people are going to do when they

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see these rate Cuts not only will

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highrisk disruptive stocks go to the

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moon but this cash will come into the

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market and seek Alpha which it'll go

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into risk assets like Bitcoin and other

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ones too so it's a perfect setup that's

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what I'm basically trying to say and

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thank you so much as well Bora Bora 2030

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woohoo um now other breaking news for

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everybody in team UK out there Bank of

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England launch an Instagram account and

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this is from Jordan warer who says this

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is your signal to buy a

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Bitcoin when when a central bank does

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something crazy like this is kind of

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funny so let's get into all the ETF flow

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charts real quick and then we'll talk

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about the two historic things that have

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never happened in the history of the

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world and I promise you you've never

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seen this before first of all well one

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of the charts definitely you've never

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seen before um let's look at the ETF

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flows we remember back to Orange here on

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grayscale 155 million after a nasty day

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the day before on Monday of 303 million

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so it's half not too bad we'll check out

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the trend lines in a minute but Black

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Rock saved the day in taking in about

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130 million but that being said we are

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still negative 19 million but that did

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not matter there's other people buying

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Bitcoin right now it's not just these

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ETFs it's people foming in people dcing

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in and that's sucking up the demand real

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fast because those that know the having

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is coming real soon in those nine days

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also when you look at the spot Bitcoin

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ETF money flow you can see here Black

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Rock up grayscale up we like those two

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things to be up not not the grayscale

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down so we'll see if that dump will

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continue what's also interesting and if

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I was a betting man which sometimes I am

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I would say Fidelity is going to have a

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good day today because Fidelity had two

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quiet days and that rarely happens so

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watch watch this now we are still a

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little bit negative on the money flow

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that will be positive today I'm pretty

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certain of that in addition you can see

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how small it is it's almost break even

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it's negligible and the trend line the

play13:43

trend line is now down for the flows

play13:45

into the ETFs it's a quiet patch we had

play13:47

a huge amount of action like in 61

play13:50

trading days this thing has been out but

play13:52

between day 20 and day 43 we had a ton

play13:56

of money coming in including that 1.05

play13:58

billion

play13:59

day in one day we haven't had any big

play14:02

days lately so we'll see if the the

play14:06

normies figure out that this having is

play14:09

coming and Bitcoin goes up after the

play14:11

having in a big way we'll see if they'll

play14:13

figure that out and there's not many

play14:14

like nine days left what is that

play14:18

what technically only seven trading days

play14:21

left for this ETF as well so we'll watch

play14:23

what happens and I do expect Hong Kong

play14:25

to seed their bags real soon also 36

play14:28

billion in the 9u ETFs massive amount of

play14:31

money reminder again my target my target

play14:35

into the

play14:36

ETFs was 50 billion for the year we're

play14:39

now nearly over two-thirds the way there

play14:42

Bonkers and is 520,000 Bitcoin in these

play14:46

new ETFs 266,000 in Black Rock alone

play14:50

that's big 150 Plus in Fidelity etc etc

play14:54

and don't discount the smaller guys like

play14:56

Arc Etc they do add up quite

play14:58

substantially

play14:59

and our friends at grayscale have bled

play15:02

over 303,000 Bitcoin and this is the

play15:05

dumpage chart we're above Trend again we

play15:07

got to stay above that pink purpley line

play15:09

um and we were yesterday hopefully again

play15:12

today and then the rest of the ETFs can

play15:16

carry the water for the whole gang and

play15:18

the amount of Bitcoin that left the

play15:20

system yes were added to the system

play15:22

yesterday was 282

play15:24

Bitcoin the day before 3,100 and the day

play15:27

before that 3,00 are taken out of the

play15:30

system oh I forgot to check on Mr 100's

play15:33

wallet bear with me one second I want

play15:35

cuz he hasn't bought in 5 days and I'm

play15:37

thinking hu what's going on here hold on

play15:39

a

play15:40

second um completely forgot to check I

play15:43

check it every day and Mr 100 still has

play15:46

not purchased since the 4th of April six

play15:49

days ago we'll see maybe their bags are

play15:52

full maybe they're waiting for a big dip

play15:55

maybe they just need more cash or maybe

play15:57

they took a vacation we don't know

play15:59

anyway Bitcoin chart time these are the

play16:01

two things that I want you to know first

play16:03

of all super interesting one from crypto

play16:06

Quant and new demand for Bitcoin from

play16:08

accumulation addresses is now exceeding

play16:12

the supply from miners for the first

play16:15

time in history okay and it's about to

play16:20

go parabolic the demand from permanent

play16:22

holders again has absolutely smashed the

play16:26

issuance and we're going to go a lot lot

play16:29

higher this is what I've been talking

play16:30

about for nearly a year and a half and

play16:34

Shout out as well to the rational route

play16:36

I've talk about diminishing Supply first

play16:38

time ever we have a bull market we're

play16:41

going into diminishing Supply that's

play16:43

what this chart says this is another

play16:45

visual of what I've been talking about

play16:46

for a year and a half thank you to the

play16:48

rational root as well put this chart

play16:50

together that blue arrow shows you where

play16:54

the actual Supply will be going the

play16:57

available Supply is is going down and to

play17:00

the

play17:01

right and the adoption is going up and

play17:04

to the right and we're going into a

play17:07

having it's going to be spectacular I

play17:11

promise you that okay there's very few

play17:13

things in life you can be completely

play17:15

sure of this is one of them for sure now

play17:18

one other thing that's historic and this

play17:21

model goes all the way back to the year

play17:23

2010 it's the ATR model I was just

play17:25

playing with it today looking at the

play17:28

weekly chart for Bitcoin right never

play17:32

before in the history of this chart and

play17:34

I went back and analyzed it have we ever

play17:36

gone 25 weeks without any sell signal

play17:41

the highest ever we did before was 12

play17:43

weeks this puppy on the weekly Bitcoin

play17:46

chart has gone without a sell signal for

play17:49

nearly half a year and this model is

play17:52

right 91.67% of the time which is pretty

play17:55

staggering tells you when to when to buy

play17:58

and when to sell like clockwork but this

play18:01

is kind of

play18:02

bunkers again I always say this time is

play18:05

different nearly half a year zero cell

play18:09

signals and what happens if we don't get

play18:11

any cell signals for the next six

play18:14

months theoretically it's possible

play18:16

considering the hardness of this asset

play18:19

and the diminishing Supply and reminder

play18:24

Hong Kong isn't even here yet China and

play18:26

they are looking for serious Alpha

play18:29

but you know if you're Deutsche Bank you

play18:31

know it's going to 20,000 so you're

play18:33

going to be just fine these clowns here

play18:35

so with that everybody hope you enjoy

play18:37

the show this is a stunning chart right

play18:40

there I'll tweet this out later as well

play18:42

and share it on patreon and walk you

play18:45

through some other interesting

play18:46

statistics which is Bonkers so thank you

play18:48

all for coming thank you to the mods in

play18:50

the chat hope you enjoyed the show today

play18:52

will be I've got some development

play18:54

meetings today so I will not be doing a

play18:57

second video I will be working but not

play19:00

on another video so thank you all for

play19:01

coming thanks as well Sean donnley and

play19:04

K8 and T andd Tesla she must be still

play19:07

off in her birthday celebrations proba

play19:08

playing golf thank you all for coming

play19:10

and shout out to mob Bots and who I miss

play19:13

Bora Bora 2030 of course one more time

play19:16

I'll see you all later

play19:25

[Music]

play19:27

bye-bye

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Bitcoin MilestonesMarket TrendsInstitutional InvestmentsCrypto RegulationInflation HedgeETF FlowsHong Kong Bitcoin ETFGrayscale Bitcoin TrustDeutsche Bank ReportBitcoin Supply and Demand