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Comparison of the #Bitcoin price chart and cumulative #ETF purchases (above).
Comparison of the
#Bitcoin
price chart and cumulative
#ETF
purchases (above).
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Right now, #Bitcoin is leading the halving cycle, having risen by 11%. Epoch 2 at this moment has grown by 10%.
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The most significant and rapid changes in whale wallet balances (>1K $BTC ) occurred at the $30K and $70K levels. The current whale balance stands at 3.6 million #BTC , not including CEX wallets and miners.
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There was widespread news that Australia launched its first #Bitcoin #ETF . This is not true... The first ones were launched in 2022, and one even closed due to lack of demand. For example, $EBTC started trading on 5/9/22 and is still active.
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Carter Worth, the chart master, says it's time to buy long-term Treasury bonds.
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