https://pbs.twimg.com/media/GGjKs2IaMAAxtAh?format=png&name=medium
The Y-axis refers to thousands of BTC, so February’s number is roughly 100,000 BTC.
pull down to refresh
pull down to refresh
https://pbs.twimg.com/media/GGjKs2IaMAAxtAh?format=png&name=medium
The Y-axis refers to thousands of BTC, so February’s number is roughly 100,000 BTC.
Because we have weak merchants selling their earnings in BTC and shitcoiners pretending to be bitcoiners.
On top of that companies pretending to be "bitcoin companies" selling VISA cards...
FUCKING HELL WORLD!
No wonder we will see soon shitcoins backed by bitcoin tokens...
PEOPLE ARE REALLY IDIOTS NOWADAYS
this is the DarthCoin energy i’ve been missing lately 🫡
Being pissed off makes me more toxic... and this kind of charts makes me even more toxic.
I hate when people do not see the elephant in the room.
Always has been 👨🚀🔫👩🚀
Up only?
Let's get the Gox coins out of the way. A nice 20% pullback to welcome these noobs to bitcoin
i hope you’re right about a 20% pullback, but we got one three weeks ago and that disappeared in a matter of days.
Mar 2024? ;)
It is being a crazy month for sure.
Remember that all those funds can be sold too. Probably not soon but one day after the bull market, they could cascade and create a massive selling too.
hah i think that’s just a flaw in the charting software
those funds can also be sold, you’re right. in the short-term though, i think it’s more likely we see funds adding as prices go up.
I think it shows March 2024 since it's the end of Q1 2024 like the other labels on the x axis.
Facts of paper Bitcoin! Glad I’ve got the true stuff! Bullishness
GBTC outflows
GBTC outflows are already accounted for in this chart. most of that money is flowing into less expensive ETFs.
the bankrupt crypto lender Genesis received the green light from a U.S. court to offload $1.6 billion worth of shares in Grayscale's bitcoin ETF
GBTC is still the largest fund with about 450k btc
And what about CEXes witnessing a huge drop in their reserves...
https://m.stacker.news/16618
Feels like at minimum, bitcoin will be up 45 - 50% this year and I’m being conservative.