Global Feed Post Login
Replying to Avatar Samson Mow

The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation.

The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.

IBIT’s average stack is ˜$200M/day or 4.7k BTC.

FBTC’s average stack is ˜$175M/day or 4.2k BTC.

So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month.

But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply.

And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs.

Plan accordingly.

Avatar
Bitcoin Fortress 1y ago

Reply to this note

Please Login to reply.

Discussion

Avatar
Lyn Alden 1y ago

Good to see users still use the shared swap pool! 🔥🚀‬

https://altcryptogems.com/

Thread collapsed