Posts from Strategists

The cryptocurrency market is witnessing a significant transition, characterized by a surge in inflows and the anticipation of potential regulatory developments. As of recent, $BTC exchange-traded products (ETPs) have played a pivotal role in this shift, with Bitcoin products alone raking in $312 million last week. This surge contributed to an impressive total inflow of approximately $1.5 billion so far this year, according to CoinShares. This marks the largest run of inflows since the crypto bull market in late 2021, signifying a renewed investor confidence in digital assets.

Most notably, Canada and Germany have been at the forefront of these inflows, contributing to 87% of the total, while the United States has shown relatively low participation with just $30 million. This geographical distribution of inflows suggests a diverse and global interest in the crypto market. The rising inflows into crypto ETPs are typically viewed as a positive indicator for the broader crypto market, reflecting growing investor confidence when the value of shares exceeds that of the underlying assets.

On the flip side, the altcoin market is currently facing its challenges. A significant number of major alternative cryptocurrencies, including $DYDX , Optimism $OP, and Sui $SUI, have experienced price declines due to impending large token unlocks. Nearly $650 million worth of increase in altcoin supply is expected. Such events often lead to price drops as the increase in supply outpaces investor demand.

$ROSE is doing great! We are buying back some $INJ, that we sold higher before that.

$ETH sits above $2k for now, I hope it holds. 🤞🏻

Have a nice day!

Keeping 30% BTC but shifted the rest to stables for now.

Anticipating a drop. Weekly is showing a red candle forming after 6 straight green, the last being a doji which also means uncertainty on direction or reversal next.

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Morning update:

Bitcoin continues to test $37k as support and looks strong. At the moment, we started to print volatility squeeze (shaded area) suggesting that a big move is around the corner👀

More importantly, the price movement we are seeing lately is impressive. If Bitcoin used to move up, see a correction, and then continue the rally, we are now simply seeing the breakout and consolidation. This is likely due to the fact that there are not many sellers in the market. As we already pointed out, everyone is waiting for the ETF🤔 $BTC

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Looking at the ETF application deadlines, it is very likely that we will see the approval by January 10th. This is also what Bloomberg analysts are predicting. Based on their findings there is a 90% chance of approval by January 10th. This basically means that there are only 44 days left to accumulate before the big guys join the party🤔$BTC

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Apart from bullish on-chain indicators, we talked about yesterday, this is the main reason why we remain extremely optimistic. The first ETF application was submitted 10 years ago and now the odds are finally in our favor👀 This is history in the making🔥 $BTC

Las Ondas HODL (Las ondas HODL de corto plazo/largo plazo representa el porcentaje de monedas inactivas (BTC) de corto plazo y de largo plazo sobre el valor total del suministro en circulación.) muestran una divergencia de momento respecto ciclos anteriores.

Como podemos ver en ciclos anteriores cuando las Ondas HODL de corto plazo comienzan a aumentar drásticamente el precio de $BTC tiende fuertemente al alza. Ahora mismo el precio de $BTC tiende al alza sin verse ese traspaso de largo plazo a corto plazo, lo que nos indica que todavía no ha llegado la parte más agresiva del mercado alcista.

Interesante ver la convicción férrea de los tenedores de largo plazo de $BTC que se encuentra en su punto histórico más bajo.