1/5
Morning update:
Bitcoin continues to push higher and print green dots above the trackline🟢✅$BTC .
Diversitas is an actively managed strategy combining time-proven, investments like Gold, BTC, and ETH with the high-growth potential of the DeFi sector.
1/5
Morning update:
Bitcoin continues to push higher and print green dots above the trackline🟢✅$BTC .
2/5
Meanwhile, we got the news that BlackRock received $100K seed funding for Its Spot $BTC ETF. Looks like the approval is really happening in January🤔
@GhostlAt this means that someone is buying a lot of $BTC and sending it to private wallets.
What do accumulations mean? ☺️ good job btw🇳🇴
4/5
This can be further confirmed by looking at the data on Santiment. As you can see below, the number of wallets holding 100+ $BTC continues to move up in tandem with the price👌
5/5
Lastly, looking at the MVRV-Z score (measuring the profitability of $BTC holders), we can see that we are still very early in this cycle. There will sure be corrections but looking at the bigger picture, the next 12-18 months should be fun🚀👀
Most exciting part about the approval for me is not when, but rather whether it leads to a short term dump (if priced in) or to a rally