Today, ETFs had a net inflow of $183 million, but the price of the currency fell. It seems that the currency circle institutions and traditional institutions are still in a game. Gua Ge made a detailed analysis in yesterday's article. Friends who are interested can visit my homepage. I think that the current market is not a market for retail investors, and the current bull market is not driven by retail investors. The only thing we can do is to hold the spot, reduce leverage, and wait for the halving.
Since the launch of the ETF, Grayscale's positions have continued to decrease. It cannot be lowered because it is not optimistic, but because Grayscale's handling fees are too high. Investors have switched positions to cheaper ETFs. Grayscale's holding ratio is expected to fall below 40% tonight. , IBIT will exceed 30%
I went hiking with some friends in my circle today. We entered the mountain at 9 am and came out at 5 pm. There were almost no tourists on the road. I felt extremely relaxed walking in the mountains, and I also lamented how small human beings are in front of nature. There is a restaurant on the top of the mountain, which is run by a couple. Many hiking enthusiasts get supplies here. This was originally a village called Heiyu Village. The houses in the village are all made of stones. Because there is no water, no electricity, and no internet, all the people in the village have left. Only this couple stayed here. They have lived here for 50 years. All daily necessities are pulled up by two donkeys. We ordered two servings of noodles, a plate of scrambled eggs with green peppers, and two bottles of Laoshan, for a total of 54 yuan. There was no internet on the mountain, so I took a picture of the payment code and paid them after I got down the mountain.
On the way back, currency friends joked that we should live here so that we can hold the Bitcoins in our hands and earn a hundred times the profit.
Yes, it used to be said that as long as the body is not free, there is financial freedom. Now as long as the Internet is not free, there is financial freedom.
Hiking photos attached
