Nostr Web Client

Cyph3rp9nk 1y ago

We have dropped below 2 million Bitcoins on the exchanges.

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Discussion

0xtr 1y ago

Does that include ETF holdings as well?

Arctic Fox 1y ago

At this rate, it would appear we exhaust the full 2M remaining in about 25-35 months, roughly

Cyph3rp9nk 1y ago

ETFs are not included here

0xtr 1y ago

So this is amount of "retail" bitcoin on exchanges?

Cyph3rp9nk 1y ago

Correct, the bitcoins held in custody for ETFs or other clients do not appear in the balance sheet of the exchanges, and often the addresses are not even known, as in the case of IBIT, where we only know some of them.

stache 1y ago

I’m guilty of ~0.3 BTC purchased thru DCA in the last coupla weeks on river pending ACH clearance…if they sell my BTC to Larry fink there’s gonna be an ass whoopin…it may be my ass but there’s gonna be an ass whoopin🤨

vlada 1y ago

Does this factor in the recent Kucoin... difficulties?

https://www.justice.gov/usao-sdny/pr/prominent-global-cryptocurrency-exchange-kucoin-and-two-its-founders-criminally

Enjoy the ride 1y ago

🤩👌