Subnostr

This chart always stuck out to me during the great downward chop of 2024. ETFs gradually up, chop gradually down. Bottom line, there is way more at play than the ETFs. They are a small percentage of the active degen market and actual buyers and sellers. They are basically just a nice, growing addition to the floor. I don’t think there is any other way to think about them.

cuban 1y ago

That's a good perspective. I agree there is way more at play. They can dominate for a day or two when they have the 1 billion buy days but this just made me curious as to who did the buying today.

I doubt it's mstr, his weekly buys and the ATM have been getting smaller

The ETFs sold

So who bought a bunch of Bitcoin 😁

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Discussion

plebiANON 1y ago

Yeah, could be anyone. Maybe just a global correction after Monday, who knows? How anyone holding bonds under 8% is still holding them is mind blowing to me.

cuban 1y ago

It's going to be a fun year ,😁

plebiANON 1y ago

It sure is, brotha.