1. The German Govt has run out of Bitcoin
Almost 50k #Bitcoin that the German Government confiscated has been sold out.
There is still Mt. Gox but these retailers and creditors are more into holding than selling.
2. FTX to repay $16b to creditors
$16 billion worth of stablecoin will be paid out to creditors from the bankrupt crypto exchange FTX.
3. Bitcoin ETF
The approval of the U.S. Bitcoin spot ETF is a catalyst itself.
In 6 months, it accumulated up to $18 billion in total cumulative inflow.
Gold took more than 4 years to reached that amount.
4. USDT Marketcap
$USDT marketcap has made a new ATH.
In the past 9 months, $USDT marketcap added $28 billion. The same thing happened in 2020 pre bullrun.
More $USDT means more liquidity.
5. Global Liquidity Cycle
The Global Liquidity Index shows a strong correlation to global liquidity.
Crypto is following the 65-month long-term cycle.
6. Ethereum ETF and others
The first U.S. spot #Ethereum ETF is expected to start trading on Tuesday, July 23rd.
Bitcoin approval is already big enough. But with ETH, it is bigger.
2 applicants filed for spot SOL ETF.
7. Bitcoin Election
The U.S. election is driven by Bitcoin and cryptocurrency. Front runner Donald Trump is a strong supporter of crypto.
According to Polymarket, there is a 70% chance that Donald Trump will win the election.
Not just that, Joe Biden, Robert F, Kennedy Jr shows interest in cryptocurrency and bitcoin.
Almost half of the voters are considering a candidate who supports crypto.
8. U.S. States are pro-bitcoin
Oklahoma has signed 'Bitcoin Rights' into law. This covers self-custody, the right to mine bitcoin and the use of bitcoin for transactions.
Missouri, Ohio and South Carolina are some of the states that passes the 'Bitcoin Rights' bill.
9. SEC has lost its war against crypto.
10. Bitcoin Conference 2024
Donald Trump is a major speaker at Bitcoin Conference 2024.
This is the biggest Bitcoin Conference ever with strong speakers lined up.
11. Global Market
CPI Forecast
The Rate Cut is expected to happen in Q4 2024. The rate cut is beneficial for investment.
12. Goldman Sachs to launch 3 tokenization projects.
Goldman Sachs Announces Plans For 3 Tokenization Projects
Now that's the biggest catalyst we have so far. I've never seen anything like this where the global market, politics, TA, and FA align to create crazy bullishness for crypto.
Stay tuned for more analysis like this.