It seems there is a crisis in Bitcoin supply

The new record for official#BitcoinETFtrading volume is 7.69 billion USD. The previous record was 4.66 billion USD since launch.
#ETFBitcoingiaongay buys about 2000 Btc per day and miners only mine 900 Btc per day.

Currently, supply cannot keep up with demand. The supply will be double or triple as scarce when Bitcoin Halving arrives in more than a month.
If BTC continues to explode then the rest of the market, money will move to Atlcoins and will help it go higher.

There seems to be a major supply crunch for BTC, which is surprising!

Here's an interesting chart...

There are 2 important points in it.
+ First is our position in this cycle. For those new to the market, it is advised not to panic as we are still early.
+ The second thing worth noting is that as the ROI of BTC matures, the ROI becomes less and less compared to the first cycle. On this chart alone, it should be 2 or 3 times from the beginning.
+ But IN THIS 2023 CYCLE, another drawback is that TrieuCrypto does not know how much BTC those ETFs will pump in this cycle. Maybe BTC no longer follows that tradition this cycle... #halvingBitcoin #Forcecoin @trieupiter

Someone asked me which Alcoin I can buy during the upcoming halving season - Here is a highly successful trading idea:
For large-cap Altcoins, look for further traction as the market rises.
➡️
The idea is: Large-cap coins have a lot of marketing power and great trust, so it's usually only a matter of time before another coin rises in price with the market. I would still avoid these coins. clear scam coins, but if the project seems to be making progress or is consistently rolling out updates, it has a good chance of rising in price if the market's other major Altcoins have pumped in funds.
For example: A good example of this is when Solana pumps you can buy Avalanche. Now that Avalanche has injected money, you can buy Cosmos or Polygon...You can also move like that, continuously during the Halving season.
Note: This can only be done with large Altcoins, while you cannot do this with low capitalization limited rotations and are just pump projects, the failure rate is almost 99%. . No one is so good that they can beat the market. We can only successfully improve performance over time.

Binance accused of money laundering?
Last month, the bad news finally came out, Binance did
must settle with the Ministry of Justice for violating anti-money laundering laws. This comes from evidence that Binance intentionally allowed users to trade cryptocurrencies even without verification. It also allows users in countries like Iran to trade cryptocurrencies, in violation of US sanctions, for potentially more than $900 million. Another big accusation is that Binance was mixed
and customer funds between all of its units, something FTX is having trouble with.
The fine for Binance is quite high, $4.3 billion, and users withdrew about $1 billion from the exchange on the first day of the news, however, the activities appear to be continuing. Fun fact, Binance's $4.3 billion is the 7th highest financial fine ever paid (See image)
CZ needs to personally pay a $50 million fine and may spend some time in prison (up to 18 months). Worst of all, he was forced to resign as CEO. Richard Teng (regional market head) will replace CZ's position
The SEC's attack on exchanges remains intense.
Coinbase CEO Brian Armstrong could also be targeted at any time. Among the CEOs of major exchanges
Justin Sun is still in a fairly intact state.

#MyFirstSquarePost Hello Binance Square users!