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CrazyKat-100
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would like to say hello in person to you all 😸
would like to say hello in person to you all 😸
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Introducing SHILL COIN # The future of decentralized finance! With cutting-edge technology and a robust ecosystem. SHILL COIN offers unparalleled opportunities for investors. Get ready to revolutionize the way you engage with cryptocurrency. Join us as we embark on this journey to financial freedom. Stay tuned for the launch and be part of the next big thing in the crypto world with SHILL COIN!
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Introducing SHILL COIN # The future of decentralized finance! With cutting-edge technology and a robust ecosystem. SHILL COIN offers unparalleled opportunities for investors. Get ready to revolutionize the way you engage with cryptocurrency. Join us as we embark on this journey to financial freedom. Stay tuned for the launch and be part of the next big thing in the crypto world with SHILL COIN!
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$SHILL COIN What's Shill Coin you ask, it's a brand new Coin currently in development. $Shill Coins White Paper will be released soon shortly followed by the social media launch to release up-to-date information on progress of the #Shill Coin project. "PLEASE TAKE NOTE SHILL COIN HAS NOT BEEN RELEASED YET"
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Bitcoin price crash alert: Analyst predicts ETF-driven plunge, time to sell? Bitcoin [BTC] long-term holders (LTH), understood to be the cohort holding the asset for at least six months, become a widely-discussed topic during a bull market. This is because they target this phase for profit-taking after quietly accumulating during the bear market. LTH selling to increase in the days to come? An on-chain analyst and verified author at Crypto Quant drew market’s attention towards a likelihood of LTH increasing their deposits to exchanges in the days ahead, fueling speculation and anxiety. The forecast was linked to the sharp drop in inflows to Blackrock’s IBIT spot ETF, the second-largest in terms of overall holdings, and the one which led the wave of inflows over the past two months. Indeed, daily inflows into the $15 billion-strong Bitcoin investment fund have been on a downhill after peaking earlier in the month, according to AMBCrypto’s analysis of SoSo Value data. On the 22nd of March, just about $18.89 million in Bitcoins was purchased, compared to nearly $45 million on the 12th of March. Explaining the scenario, the researcher stated that most of the transactions between the LTH and BlackRock have happened over-the-counter (OTC) in the last two months. This meant that despite a sharp drop in their holdings, LTH didn’t have to deposit their coins to exchanges, unlike the previous bull cycles. However, decreasing inflows to BlackRock suggested that demand was weakening. The researcher noted, “If this is just temporary, then there may not be any issues. However, if it persists, there is a possibility that long-term holders may start depositing Bitcoin into exchanges in the same way as before. If that happens, the likelihood of price dumping increases.” #Write2Erarn
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Analyst Names Key Reason Behind Disastrous Grayscale's Outflows Mar 23 BTCUSD +1.30% LINKUSD +0.66% BTCTUSD +1.22% BTCUSDC +1.51% On March 21, Grayscale's Grayscale Bitcoin Trust (GBTC) recorded another $359 million worth of outflows. GBTC's massive outflows have been the main bearish narrative as of recently. Who's behind the massive outflows? ETF analyst Eric Balchunas believes that the massive uptick in outflows could be related to bankruptcies due to their sheer "size and consistency." Even though there is some speculation about retail investors potentially jumping ship due to declining Bitcoin prices, Balchunas has noted that outflows would have been smaller and more random in such a case. Retail-driven outflows, for instance, were observed in February, according to the analyst. Balchunas has added that the worst might be already over, and retail is extremely unlikely to match these outflows alone. "Takeaway: the worst is prob close to being over. Once it is, only retail will be left and flows should look more like the Feb trickle," he added. A bearish signal? Speaking of the waning inflows recorded by the likes of BlackRock and Fidelity, the expert has acknowledged that they are "low" for their standards. However, it is also important to put things into perspective: last week, for instance, their ETFs experienced "outrageously" high inflows. Earlier this week, Singapore-based cryptocurrency trading firm QCP Capital opined that a net negative for Bitcoin ETF would be a significant bearish signal. Yet, it is worth mentioning that other ETFs are still seeing minor inflows. The largest cryptocurrency is currently struggling to gain a footing above the $66,000 level. #Write2Earn
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