The first time in history of #Bitcoin Spot ETFs, GBTC inflow was a positive one 😱 with +$63M, and also, yesterday was the first time all these ETFs had positive inflows and with +$102.6M, Fidelity is the MVP
Total Inflow was +$378.3M
We’re not back $BTC , we’re all the way up to the moon 🌕
🇺🇸 Job data shows a growth totaled only 175,000 in April, much less than expected 240,000. The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%
Do you see #Bitcoin$BTC breaking $61K? Are we so back?? Do you hear printing machine sound?
⭐ 7 Skills Needed When Investing In The #Crypto Market ⭐
✨ DYOR After years, there're thousands of coins, tokens and projects that are being traded on many CEXs, DEXs today. Few of them are good, but the rest are not, or even worse, are the scams. Therefore, always remember to do your own research (DYOR), to stay away from FOMO and FUD
✨ Not Your Key, Not Your Crypto Always keep your Private Keys in a safe place where no one knows, is not connected with Internet, and never reveal those to anyone else. Write a testament including instruction of using it in case you might get any serious accident or even death
✨ Never Borrow Money To Invest into Crypto Invest what you have left after deducting your personal life expenses. This market is high volatility, you'd get x100 pressure if you invest by borrowed money when the market turns into plummeting for months. Easily turns you into debt
✨ Trust No One Sounds negative but it's positive for your investments. People tend to love talking, discussing, or even shilling about their investments. You will hear them all the time. But in the end, no one is responsible for your loss. Even professors can't predict the market
✨ Take Profit Never forget to set some targeted prices to take profit of your investments. Many investors miss this part, and it turns out that they get a loss instead of a profit that they deserve when market prices suddenly turn into plummeting, wipe out all the profits
✨ Diversify Your Investment Portfolio Don't ever dump all your money into one or two coins/ projects only. I'm sure you heard a very famous idiom before: "Don't put all your eggs in one basket". This is true and will always be true. Find more baskets and maintain a level of cash
✨ Zoom Out Pressure is terrible when market turns your portfolio into a loss. The more you lose, the more pressure you have. But calm down and Zoom the Charts/ Perspectives/ FUDs etc. Out, you will understand that markets have always recovered itself later throughout history
⚠️ Total #Bitcoin Spot ETFs Net Inflow of yesterday, Wednesday the 1st of May, was -$563.7M, reaching its ATH of outflow
All ETFs have sold-off their $BTC including Black Rock. Fidelity led the outflow volumes with -$191.1M while GBTC was the 2nd with -$167.4M and Ark Invest was the 3rd with -$98.1M
IBIT, FBTC, ARKB, EZBC, HODL, BTCW outflow was recorded at their record high
When the fear of recession from Wall Street becomes larger, #Crypto market will be getting panic selling. Stay calm guys 😤
#Bitcoin has stopped its massive growth after 7 consecutive months of positive return by a negative one in April as -14.76%
We have started the new May and there’s a popular “slogan” in the financial market: “Sell in May and go away”
Do you believe it?
Look at the $BTC Monthly Returns below ⬇️, in the history of Bitcoin, there were 6 Red May and 5 Green May, and especially in the two previous Halving years, both May were Green
Tuesday, with -$161.6M total Net Inflow, then we’ve just had 5 negative total #Bitcoin Spot ETFs Net Inflow day in a row, and also, this was day 5th that Black Rock IBIT had Zero 😱 volume trading
The correction comes at the right time of the fear of recession
Welcome to the Fear of Recession and Stagflation Show
Dow Jones drops nearly 500 pts, S&P500 and NASDAQ loses more than 1% either. #Crypto is red but not much, $BTC seems like it’s gonna fall below $60K soon
Despite we’re in correction, the World 🌍 Top 5 #Bitcoin#HODLing Institutions has been changed from last update so far:
🥇 Gray Scale Bitcoin Trust GBTC (298,445 from 329,265) 🥈 Black Rock iShares (274,462 from 254,403) 🥉 Microstrategy Inc $MSTR (214,246) 4️⃣ The 🇺🇸 Goverment (213,246 from 215,000) 5️⃣ The 🇨🇳 Governent (190,900)
Microstrategy Inc of Michael Saylor has flipped 🇺🇸 Goverment to become World 3rd $BTC holdings institution
🇺🇸 Government BTC holdings was declined -1,754 at Apr 2nd 2024
Black Rock just needs to acquire 25,000 BTC more approximately to flip GBTC to become the Champion on this ranking 🔥
I have a strong believe that we are in correction after months of huge growth
Yesterday, Black Rock had its day 3rd of Zero inflow and total #Bitcoin Spot ETFs had their day 3rd of negative inflow either, -$83.6M despite GBTC only sold -$82.4M
$BTC Spot ETFs Total Cumulative Flow also shows weaker buying power, raising a sign of distributing
How long will this correction take?
Based on history, correction took one to two months in bull season, however it’s a good time to buy the dips 😎
🚨 The SEC has alleged Geosyn Mining Co Founders of misappropriating $1.2M of its Investors funds, then spending it on holidays, nightclubs and firearms LOL🤡
Don’t worry, this is not a FUD, Geosyn isn’t even in the list of World Largest #Bitcoin Miners
🇺🇸 GDP might have raised a fear of recession, a concern of Fed impossible soft landing, therefore Wall Street seemed to be cautious at the moment lead to a second day of negative inflow for all #Bitcoin Spot ETFs
Worth noting that yesterday was also day 2nd that BlackRock had an Inflow of Zero and Fidelity Outflow was recorded as record low with -$22.6M ever since
🇺🇸 GDP grew only 1.6% and less than 2.4% expected, or we can say much weaker. DOW Future drops nearly 500 points, S&P500 and NASDAQ does more than 1% either
Fear of recession is being raised and may somehow affect #Bitcoin and #Crypto negatively for awhile
Yesterday, there were many medias reviewed Black Rock like the "King" of all #Bitcoin Spot ETFs, and at the end of the day, this's the first time IBIT inflow was recorded as ZERO
Total Net Inflow on Wed was -$120.6M, Please media, stop reminding anything about IBIT
Yesterday was the day 3th of positive net inflow consecutively for all #Bitcoin Spot ETFs despite the total was not too much as only $31.6M
However, 4 big ETFs: BlackRock, Fidelity, Ark Invest and Bitwise had 4 consecutive days of positive inflows, showing that there were still demands from Wall Street