Have posted this yesterday !!

Owning a #bitcoin  ETF is like saying you have a girlfriend, but she lives in BlackRock's apartment and BlackRock sends you a picture of her every quarter.

Apparently 70% of #bitcoin   proceeds from selling $GBTC is NOT expected to be going into other #Bitcoin  funds.

""We expect AT LEAST a THIRD of that cash to shift to other ETFs".

This explains the price dip and I must admit - if true, it is SIGNIFICANTLY higher than I thought and I have completely under appreciated the lack of re-allocation that would happen back into #Bitcoin  funds.

It also means that it will take a lot more time than I had thought to clean up the selling pressure from GBTC.
$BTC

This was my First signal on this profile and congrats to everyone who picked first target achieved. Enjoy your profits, I would recommend selling 50% of your position on first target #cyber $CYBER .

Let that sync in. #Bitcoin

Here is my first signal for you guys.

⭐️The Crypto Insights Explorer Signal⭐️

🟢 Long

Name: #CyberUSDT
Leverage: Cross (10x)

↪️ Entry Price (USDT): 7.6-7.8

🎯 Targets in USDT:

1️⃣ 8.90
2️⃣ 9.9
3️⃣ 10.7

🛑 StopLoss: 7.5

These signals are as per my research, please make sure to do your own research and use proper money management. Follow me for more such signals. #CyberPump $CYBER

#BTC Bitcoin  isn't designed to be a small part of the financial system

It won't stop growing when it's a $10-$20 trillion asset

It's designed to replace the entire financial system with a new one

Bitcoin's growth only stops AFTER the world recognizes that 1 BTC = 1 BTC

As intimated earlier TIA is picking up and its going to keep on rising. #Tia #TIAAnalysis $TIA

THIS IS MY GAME PLAN.

I WILL LONG #BITCOIN  HEAVILY ON $39,700

BE PATIENT.

I'M A LION, LET THE PRAY COME TO US#BTC #Bitcoin $BTC

JUST IN‼️ Cathie Wood says it’s a “terrible” decision by Vanguard to deny their customers access to #Bitcoin  ETFs.

“They’re going to deprive the investors... the first global, decentralized, private, no government oversight, rules-based, monetary policy, monetary system in history.#vangurd $BTC

Banks don't like #Bitcoin  .
Taxis don't like Uber.
Hotels don't like AirBnB.
Bookstores don't like Amazon.
Cinemas don't like Netflix.
9-5's don't like remote work.

Innovation is not always liked.
#BTC #cpi #etf #ENS #ETH $BTC

The final deadline for the Spot #Ethereum ETF will be on the 23rd May 2024! 🚀#ETH #op #MATİC #render $ETH $MATIC $RNDR .
All the Ethereum ecosystem might see a pump till may 23rd on the ETF speculations.

Due to Staking Tia might see more increase . Be in it for a long term not for quick buck. #TIAAnalysis #Tia #TIA/USDT.... $TIA

Follow me for additional insightful content! In the realm of cryptocurrency, being informed is akin to generating wealth.

In recent months, Bitcoin has demonstrated a notable tendency to react dynamically to both hypes and rumors. Particularly, the anticipation and subsequent approval of the ETF (Exchange-Traded Fund) sparked significant market movement, propelling Bitcoin from the early 20k range to a late 49k peak. However, the excitement surrounding the ETF launch quickly waned, resulting in a correction.

As we observe these market dynamics, it becomes evident that corrections are an integral part of Bitcoin's behavior. Currently, signs point towards an imminent correction, with projections suggesting a retraction below the 30k mark. Investors are advised not to take undue risks in future trades and exercise patience, awaiting a correction in Bitcoin's value.

It's essential to reflect on past experiences, such as the influencers who prematurely predicted Bitcoin reaching 150k during the last bull run. Many followers who bought at the peak of 65k faced significant losses as the market retraced. Before the ETF launch, influencers fueled speculation about a monumental "GOD candle" to 60k, which never materialized.

This highlights the importance of conducting thorough research and scrutinizing influencers' posts. The cryptocurrency landscape is rife with hype, and influencers may have their own agenda. Understanding the psychological aspect behind each post can help investors make informed decisions.

As we navigate the current market climate, remember that the influx of ETF money may take time to materialize. Waiting for a correction in Bitcoin's value provides a strategic entry point, offering a fair chance for investors to capitalize on potential opportunities. Trust in your research, stay vigilant, and avoid being swayed solely by influencers' narratives. #CryptoInsights #MarketVolatility #InvestWisely

#BitcoinAnalysis #ETFImpact #MarketInsights #CryptoTradingSuccess #BitcoinETFapproved #BitcoinMoves #futures
$BTC $ETH $BNB

Are you new to #Bitcoin ?

The first time I bought some Bitcoin was in 2017, about 7 years ago.

Back then, the price was at $3,000.
It had just surpassed its previous all-time high of $1,200.

By the end of that year, we were at $19,600.

On the way to that sixfold increase in price, though, I had to endure six crashes - as shown on the attached image.

What I'm telling you is: Bitcoin is volatile.
However, it's simple.
Don't try to trade it - you don't have an edge.
Stack sats, practice DCA, buy the dips, and stay humble.#BTC #etf #ETH #DCA. $BTC $ETH

Bitcoin Price is dumping as people are dumping their GBTC shares.

GBTC held $25bn+ worth of Bitcoin that has been locked up for years with no option to be sold. As soon as the redemption option opened, for the first time people are starting to exit - as they exit the Bitcoin must be sold on the market. Now they are taking a discount again!

$25bn is a serious number and even if just 20% are redeemed, that is $5bn in sales on the market.

The issue is that I doubt that the ETF providers have this much demand as quickly.

We could see some selling pressure for a while but luckily the market is not selling off - its mainly Bitcoin and not the Alts!

What’s been remarkable to see here is that BlackRock has not actually managed to inspire a big chunk of $GBTC #Bitcoin  to flow out of @Grayscale.

Assuming a lot of the $700m was GBTC outflow.

GBTC has $28.6 Billion AUM.

I must admit I was worried that $GBTC would see multi Billions of dollars of day 1 outflow.

Quite impressed actually.

I expect the #Bitcoin  price bleeding to stop after BlackRock & Fidelity sense that $GBTC outflows are stopping & they start injecting the capital they really lined up.