Over the past week, spot Bitcoin ETFs received 25,729 BTC. At the same time, as crypto blogger HODL15Capital (60 thousand subscribers in X) reminds, 8 times less was mined during this time - 3,150 BTC.
Another hint that the asset is heading towards a supply shock. This is usually followed by a rapid revaluation of value and its aggressive growth.
President of the investment advisory company ETF Store Nate Gerasi notes that in just five months, American Bitcoin ETFs have accumulated 60% of the AUM (assets under management) of gold investment products - $61 billion versus $105 billion. But investment products for gold are more than 20 years old.
10x Research, meanwhile, writes in its new report that over the past month, 97,000#BTC($6.75 billion) and more than 500,000#ETH($1.9 billion) were withdrawn from crypto exchanges. And#CryptoQuantanalysts note large purchases of#BTCon the#Bybitand#HTXcrypto exchanges last weekend.
Even if we ignore the estimates and look only at the numbers, in the medium term#BTClooks good for shorting only for those who want to lose their deposit.
