🇺🇸 Spot ETF: 🟢$203.8M to $BTC and 🟢$420.2M to $ETH
🗓 Week: 3 to 7 Feb, 2025
👉 Despite ETH ETFs recording no net outflows and even seeing the 3rd-largest net inflow ever, $ETH is still down ~20% over this week.
Follow @spotonchain and check out the latest updates about #Bitcoin and #Ethereum #ETFs via https://t.co/29FY237CNl
$BTC - There’s been a lot of talk about a possible distribution phase, with some pointing to the Wyckoff Schematic as proof. This idea comes from the price moving above the December 17th ATH, followed by a lower high. But I don’t think this is correct.
Here’s why:
A real distribution phase isn’t just about how the chart looks, it’s about where the money is flowing. If we were in a distribution phase, we’d see money leaving $BTC and moving into #Altcoins, which would make $BTC.D drop and create hype. That’s not what’s happening.
Right now, $BTC.D is strong, and the market feels anxious. More shorts are building up, which is actually creating liquidity for the next move higher. These shorts will likely fuel the next rally.
I believe we’ll see one more big push up before the macro top happens. At the top of every cycle, most investors are fully bullish and long, not cautious or hedged like now.
I’ll share my full thesis on what’s coming in a detailed thread soon. Stay tuned, and keep notifications on! ✅👀
You guys still cannot comprehend this shit
“Sol is the new Eth bro.. low fees, fast transactions..”
Smart money is rich money. Cost of opportunity is low? I will grab a wholefuck of value and transfer it to the value networks after (BTC and now ETH)
Poors will stay on the low cost of opportunity network. Rich don’t need low fees and fast transactions for the long term. They will always keep >90% capital in a low velocity capital network
And sometimes gamble 10%.