BITCOIN SUPPLY SHOCK BUILDS AS EXCHANGE BALANCES DROP
Bitcoin's $BTC available supply on exchanges continues to shrink, according to CryptoQuant data.
Analyst Sunnymom points to 2023 and 2024 as the turning point for rapid depletion of exchange reserves.
BlackRock's spot ETF now holds billions in assets under management with no signs of slowing. Strategy controls roughly 4% of Bitcoin's total supply after aggressive debt-funded purchases.
Morgan Stanley pulled in $100 million on day one of its low-fee Bitcoin ETF.
Meanwhile, Charles Schwab has opened direct Bitcoin trading to its 46 million clients. Goldman Sachs has filed for a Bitcoin Covered Call Yield ETF.
If the Strait of Hormuz stays closed for 3 months, Brent crude could hit ~$165 per barrel.
Today marks day 14 of the closure.
Markets are already feeling it.
🚨 WHALE ALERT: In the last 30 days, Whales have filled their bags with 269,822 $BTC.
13-YEAR RECORD: This is the largest monthly Bitcoin accumulation in the last 13 years.
BIG MONEY: Whales have bought approximately $23.3 Billion worth of $BTC.
On one side, retail is fearful, and on the other side, Whales are quietly sweeping the supply.
Yesterday was the biggest supermoon since 2019.
Zoom out to see what happened with $BTC in 2019.
Remember: Millionaires don't use Astrology; Billionaires do.
🚨 Bitcoin's Bollinger Squeeze: Big Move Ahead 🚨
Historical data shows past squeezes led to significant volatility.
Last squeeze resulted in a downward move, but direction uncertain this time.
Stay alert for potential breakout. #open4profit
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🚨🚨 BREAKING NEWS 👇
WazirX gets Singapore court approval to repay victims of $235M hack.
WazirX’s parent company, the restructuring plan aims for creditor recovery and avoiding liquidation through a court-supervised process.
#WazirX estimates that users may recover 75% to 80% of their account balances through token distributions.