Old #Bitcoin is moving.
Someone(s) broke an old piggy bank and distributed its contents, likely through OTC deals.
The average dormancy of $BTC reached a five-year high just a few days ago.
https://t.co/Q5K2bHFRGB
Stablecoin/CBDCs = Censored Internet Money
#Bitcoin = Censorship-resistant Internet Money
CBDCs and stablecoins may get widely used at first, but people would revert to Bitcoin eventually.
#Bitcoin spot ETF off-chain fund flows dashboard.
Please give us some feedback so that we can create a dashboard better than Bloomberg's.
https://t.co/vsrtd2hb7q
#Bitcoin in distribution phase, not fully distributed to retailers. Short-term correction possible; long-term bull market cycle ongoing until fully distributed.
https://t.co/X98viPwCyB
There's a narrative circulating that the current Bitcoin price correction is due to GBTC selling Bitcoin. IS NOT.
GBTC has sold about 60K Bitcoin. The other ETFs combined have net purchased about 72K Bitcoin.
The selling has come from Bitcoin holders (short-term traders and whales) as they took profits after last year's rally (ETF approval was "sell-the-news" event).
We have been writing about this for the last month. Check our latest weekly report: https://t.co/iR56kkceHE
On-chain data appears to be a leading indicator for ETF fund execution.
There's still a 19.5k $BTC gap between on-chain $GBTC Bitcoin holdings and off-chain disclosures, indicating on-going pressure on GBTC.
https://t.co/HrkV3TUGJT
Hey @okx, how do you achieve a 40% APY in $USDC?
There might be fees from leveraged long positions, but I've never seen such a high APY before.
Luna(Anchor) had a 20% APY, and the highest APY on Binance I've seen was 15%.
$ETH staking now at 24% of total supply, with only 11% on exchanges.
Tbh, I expected significant unstaking activities after the Shapella upgrade, but the staking rate is still increasing.
https://t.co/igWBQsJW8e
Based on this data from Ki AND based on sources i've spoken to directly. $GBTC flows are not T+1. That -$594 million outflow yesterday actually occurred yesterday and did *NOT* occur Friday.
Yesterday, around 8k $BTC flowed out from Grayscale wallets. Currently, the wallets hold 587.5k #Bitcoin.
Check the red arrow to see the impact.
https://t.co/2PuHYWw2q6
South Korean financial authorities currently prohibit domestic investment and issuance of #Bitcoin spot ETFs.
It's likely a temporary decision tho.
Global offshore TradFi institutions are expected to enter the market via spot ETF exposures eventually.
https://t.co/yEmTVxHphb
If you want to know when #Bitcoin's fundamentals stop growing, just check the hashrate.
It keeps reaching all-time highs every month.
https://t.co/IwcFXPKOjH