So the entire space added 4.5% of its total bitcoin holdings while price came down15%
Even dirtier… the companies that own the ETFs also own significant stakes in miners.Are ETFs buying off the market bitcoin straight from miners or some other source?
i use a pretty specific set of MA(9, 18) and MACD(wilders, 9,26) and thinkorswim didn’t have BTC or ETH even listed available to chart.I would stick to IBIT or FBTC.
These breakdown charts are just fascinating to see.
So the entire space added 4.5% of its total bitcoin holdings while price came down15%
From here looking forward we want to see any change in acceleration/deceleration
Need to be at 680K plus bitcoin held by the end of next week … if we see 660s then we can see just how quickly the accumulation is slowing.
Where are you going to get these charts from?
You’re having a conversation with yourself at this point.
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Still looking to see it bounce… it’s just been a one way trade lower since etf launch.
Maybe a stupid question here, but how much different is this from margin trading on the crypto sites?I actually am testing the futures option market here
I bought a whole Bitcoin 41K strike for $300
Expires this Friday… so if bitcoin fails to bounce here I’m out 300, if it even sniffs back over 40K by Friday I’ll end up pretty deep in the money.
This is what I’ve been talking about with rehypothicated paper Bitcoin…. I just bought the right to own out of thin air for only $300.