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He gets out of lockup every so often and posts the same trash here, over and over. Then he's gone for months/years.
Your conclusions are incorrect and as for insanity, how do they permit you to send texts from an asylum?
Stick to your penny stock analysis,
You don’t have a current clue as to the fundamental changes with Bitcoin or its institutional adoption.
I find it amusing that an economic report can be used to explain how diametrically opposite assets to be seen as BOTH positive. Stock market hitting new highs as Bitcoin is ready for its new highs. Only in a delusional world where bubbles are enthusiastically pumped even higher. I have on a momentum reading 80,500 as the TOP. Only a possible one with no assurances it holds. We also have the perfect example of the biblical antichrist listing off the deeds of Trump as he is likely to win the next election. We have the ability to fool ourselves in the most irrational preposterous situations over and over again.
We had a run on banks last year when inflation was so low it didn't even hit the mean average rate thru recorded history. We are about to elect a rapist, seditionist, extortionist as he recited the Hitler playbook.
If YOU can't see the recent PAST as insane, how can you see the future?
Common sense is popping up all over!
Thanks for the post!
QCP expects current momentum to push the bitcoin price back to all-time highs
by Adam James
MARKETS • May 16, 2024, 3:58AM EDT
Published 1 minute earlier on
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The Block Illustration by Zoe Ellyse Del Rosario for The Block
Quick Take
QCP Capital expects the bitcoin price to return to $74,000 after the latest CPI print saw risk assets surge.
QCP Capital today stated that it expects the price of bitcoin to ride back to the highs of $74,000 after the latest Consumer Price Index print in the United States saw risk assets surge yesterday.
"We expect bullish momentum here that could take us back to the highs of 74k," the institutional-focused firm wrote in the Telegram channel QCP Broadcast, citing buy-side demand.
"The desk saw sizeable buyers of 100-120k
BTC +0.033%
Calls for Dec 2024 on this move higher in spot," it explained while stating that "institutional demand for the BTC continues to grow with large asset managers Millennium and Schonfeld investing approximately 3% and 2% of their AUM into the BTC spot ETF."
As The Block reported yesterday, hedge fund Millennium Management had invested nearly $2 billion into bitcoin ETFs as of the first financial quarter.
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Meanwhile, spot bitcoin ETFs in the U.S. recorded a total daily net inflow of $302.97 million yesterday — the largest since May 3 — preceding reports that the Chicago Mercantile Exchange Group is planning to launch bitcoin spot trading.
"The stars seem to be aligning on this breakout, with significant sovereign and institutional adoption, abating inflation, and upcoming US elections," QCP Capital summarized.
Bitcoin is currently trading above $66,175 and is up 6.53%, per The Block's Bitcoin Price Page.
Not all Democrats are against it. Twenty-one Democrats on Wednesday defied Biden’s veto threat and joined with Republicans in voting for a resolution to overturn SEC crypto guidance. Trump’s embrace could add a new partisan tinge to the debate over crypto regulation — a risk for the industry, which is courting both sides.
BITCOIN 🛩️ White Rabbit $100,000 will come fast in a blink 🚰💪🤑🦨🌳🫐🍋. 🌛
Don’t drink the water if it’s not from my stream 💪😉🫱🚰🦨🌳🫐🍋🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 BITCOIN $70K TARGET Sometime this week
COINBASE RECORDS HUGE OUTFLOW 🌊
Coinbase just recorded it’s third largest Bitcoin outflow of 2024.
According to Arkham Intelligence, two transactions originating from Coinbase cold storage were detected.
Both of these transactions were for 8,000 BTC.
Bringing the total withdrawal to 16,000 Bitcoin (worth ~$1 billion).
The chart below shows that Coinbase’s Bitcoin balance has been steadily declining over 2024.
onchain
At the start of the year, Coinbase had ~418,000 Bitcoin.
Now? ~267,000 Bitcoin.
That’s a decrease of 151,000 Bitcoin.
Which is worth ~$9.97 billion at todays prices.
onchain1
This latest withdrawal of 16,000 Bitcoin is the third largest outflow day of 2024.
As we’ve said previously, decreasing exchange balances is a very clear bullish signal.
Over time, there continues to be less and less Bitcoin supply available for sale on exchanges.
Couple this with increasing demand, the Bitcoin price is forced to move upwards. (it’s simple economics)
WHO’S BUYING THE BITCOIN ETFs? 🤔
No one expected this amount of professional investors to disclose holding the Bitcoin ETFs.
That’s the latest message out from Matt Hougan.
Matt Hougan
Matt Hougan is the Chief Investment Officer at Bitwise, the 4th largest Bitcoin ETF issuer.
Now that the quarterly 13F filings have all been submitted, we can breakdown exactly who has been buying the Bitcoin ETFs.
In his latest investment memo, this is exactly what Matt Hougan has done.
Let’s jump in.
Takeaway #1: The professional’s are here
Matt analysed all 13F filings for each of the 11 Bitcoin ETFs.
His conclusion?
A surprising amount of professional investors own Bitcoin ETFs, including giants such as:
Hightower Advisors: The #2 RIA in the United States managing $122 billion in assets. They reported $68 million in Bitcoin ETFs
Bracebridge Capital: Hedge fund that manages money for Yale and Princeton. They reported $434 million in Bitcoin ETFs
Cambridge Investment Research: A 40-year old firm with over $170 billion in assets. They reported $40 million in Bitcoin ETFs
The list goes on…
In total, 563 professional investment firms reported owning ~$3.5 billion worth of Bitcoin ETFs.
Takeaway #2: A historic scale of professional investor ownership
The amount of professional investors who reported holding the Bitcoin ETFs blew all expectations out of the water.
“This scale of ownership is off the charts for a new ETF. Most ETFs attract very few 13F filers in their first few months on the market.”
Matt Hougan
Matt notes that previously the gold ETF was considered the most successful ETF launch ever. ($1 billion in its first five days)
But its first 13F filing only saw 95 professional firms invest in the product…
Takeaway #3 Despite this, retail is still the majority
Matt explained:
“While I’d consider $3-5 billion and 563-700 firms a huge success, it’s important to remember that bitcoin ETFs have $50 billion in assets under management. As a percentage of total investment, therefore, professional investors own just 7-10% of all assets.”
HUGE ETF HODLER REVEALED 🤑
BREAKING: Millennium Management discloses ~$2B in Bitcoin ETF holdings
Bitcoin
Yesterday was the quarterly 13F filing deadline day.
And it’s been revealed that international hedge fund Millennium Management has bought close to $2 billion in Bitcoin ETFs.
Here’s a breakdown of their holdings:
BlackRock’s IBIT: $844.2 million
Fidelity’s FBTC: $806.7 million
Grayscale’s GBTC: $202 million
Ark’s ARKB: $45 million
Bitwise’s BITB: $44.7 million
This makes Millennium the largest individual holder of IBIT & FBTC.
Currently Millennium has $69 billion in assets under management.
Which makes their Bitcoin investment ~2.9% of their total assets.
ETF analyst Eric Balchunas mentioned that Millennium’s investment into Bitcoin is ~200x the average new ETF holder.
It’s uncommon for a firm to come out of the gate with $2 billion invested straight away.
That’s absurd.
EB tweet
The 13F filings also revealed what kind of investors are purchasing the Bitcoin ETFs. (we’ll break this down further in the next section)
Eric Balchunas analysed BlackRock’s holder type:
EB tweet
The list includes:
Hedge Fund Manager
Investment Advisor
Private Equity
Pension Fund
Brokerage
Bank
Trust
Insurance Company
Holding Company
Family Office/Trust
Balchunas explained that new ETF launches don’t normally see such a wide array of investor types.
Just another stat to show how successful the Bitcoin ETFs have been…
Keep in mind, big institutions & asset managers take ages to allocate toward a new asset class.
Everything we have seen so far is extremely encouraging for the rest of the year.
As we keep saying:
Slowly at first, then all at once. 🐑
Lol not a chance
I could care less I know it’s going over $100,000 BITCOIN is headed to $2 trillion market cap
BITCOIN SHIBADOGEX BONK BONK - BEWATER Justin Cross Drink The Water $70 k today💪😁 🚰🦨🌳🫐🍋
60,000 more likely
BITCOIN $70,000 TARGET TODAY
Well it had to break a certain number and if it did not. If it did 70 would have come quickly.
SUKU BITCOIN SHIBADOGEX BONK BONK🐾🐾🐾🐾🐾🐾
You btc boys might get a bluesky breakout...pulling for ya
It breaks here, 70 should happen sometime next 24hrs
The markets are squeezing,Dow Jones almost 40 K BITCOIN $80K Showing
Could. If those derivatives traders get called
Could be the beginning of working its way to 100k now. Bitcoins been known for some 30%+ daily moves. Could you boys get one soon and leave those flippers behind.
That'd be nice. Breaking 70 than a retest and break for new all time highs...
Looks like we can go over $70,000 tonight💪😋
GreenDay Here….Red Alert day in my hood , the Meth Head House Thief Managed to get Bailed out of Jail , The Weeds Keep on Growing ……70k soon
Perhaps one of the poorest and dumbest and crappiest calls in history 1
So ya' figured it was destined to hit 55 huh ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174424551
Unbelievable !
It's been as high as 66,475 today (up 7.5 %).......
* Which is JUST SHY OF (my) 66,666 ! PLUS The Diagonal drawn long ago.
.
Only if you’re greedy. Could be last time we see 60s for a while.
WOOHOOOOOOOOOOOOOOOOOOO
Well, gosh, evidently you don't understand the term....... "Odds" * Nor very much else for that matter.....Good LUCK !
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174408533
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174410746
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174411046
Channel of Destiny https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174318835
Had been talking about this channel / and or Zone here ALL month ;
APRIL 16th
APRIL 16th
30 days later - On CPI Wednesday ; Up 6.75 %
64, 62, ZONE, BO, NAILED - OHTL
You got it going down you got going up which one is it?🤣😂🤣😂🧑🦯➡️
Way to GO Wiscon Sin , utilizing my Tax $$
In BTC
Nice post ap thanks
You’re Welcome and I hope you’ve been doing well! Best to You!
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BITCOIN ALERT
* Important Note About © & Anonymity ===>
"... A lot of people mistakenly believe that Tor Onion Networking is "all about anonymity" - which is incorrect, since it also includes:
...none of which are the same as "anonymity", but all of which are valuable qualities to add to secure communications. ... "
Bitcoin git repository (mirrors upstream branches+tags) is now available through a TorV3 hidden service at===>
http://nxshomzlgqmwfwhcnyvbznyrybh3gotlfgis7wkv7iur2yj2rarlhiad(.)onion/git/bitcoin.git
https://gitlab.com/bitcoin
While we love Bitcoins here, and believe they will continue to ascend to new heighs!!! We will soon be offering stock and smart contract
suggestions that we beileve could grow much like Bitcoins have!!Please keep in mind that Bitcoins were on my watch list when
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Never buy, sell or hold based on anything said by myself or anyone here.
Always do your own DD and research!!!!! I take no responsibility for your gains nor losses!!!!
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