JUST IN: Senior Bloomberg Analyst says "we have heard nothing to indicate anything but approval" for Spot Bitcoin ETF.
Told you - hope you didn’t get shaken out.
Told you - hope you didn’t get shaken out.
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So we have the FOMC meeting in 40 minutes.
Could shake markets again.
Could shake markets again.
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BTC Outlook
Not much change over last week. I wouldn’t expect there to be any major price changes until the official decision deadline for the BTC spot ETF filing comes out or is leaked.
We kinda know since at the 10. There is the final day for Ark Invest, but it's not per se official.
Regardless of what happens, I think any sizable corrections are worth buying into. The uptrend is still intact, and it’s hard to believe that BTC tops here in the long term.
Now if the BTC spot ETF goes through in the next week, my base case is that BTC could pump and dump (or just dump) in the short term because it looks like the whole move up is because of exactly this news. A spot ETF is bullish in the long term regardless of what others say, but in the short term there will probably be a lot of volatility.
The OI (Open Interest = Futures Positions) flushes this week make me more bullish as this is a characteristic of a bull market continuation based on personal experience. An entity flushes out overextended longs to balance out the market so that price can grind higher.
ETH continues to test support against BTC, and I suspect this will continue until the BTC spot ETF comes through. The Dencun upgrade has been announced to be going into testnet, and all of these factors coincide with ETH outperforming once we hit the latter months of Q1.
Not much change over last week. I wouldn’t expect there to be any major price changes until the official decision deadline for the BTC spot ETF filing comes out or is leaked.
We kinda know since at the 10. There is the final day for Ark Invest, but it's not per se official.
Regardless of what happens, I think any sizable corrections are worth buying into. The uptrend is still intact, and it’s hard to believe that BTC tops here in the long term.
Now if the BTC spot ETF goes through in the next week, my base case is that BTC could pump and dump (or just dump) in the short term because it looks like the whole move up is because of exactly this news. A spot ETF is bullish in the long term regardless of what others say, but in the short term there will probably be a lot of volatility.
The OI (Open Interest = Futures Positions) flushes this week make me more bullish as this is a characteristic of a bull market continuation based on personal experience. An entity flushes out overextended longs to balance out the market so that price can grind higher.
ETH continues to test support against BTC, and I suspect this will continue until the BTC spot ETF comes through. The Dencun upgrade has been announced to be going into testnet, and all of these factors coincide with ETH outperforming once we hit the latter months of Q1.
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The official management fees for the ETF‘s have been released:
BlackRock — 0.3%
VanEck — 0.25%
WisdomTree — 0.5%
ARK Invest — 0.25%
Grayscale — 1.5% (HIGHEST)
Bitwise — 0.24% (LOWEST)
Franklin — 0.29%
These fees will be charged annually to everyone who holds a share in the upcoming ETF’s.
So be your own wallet and not paying those fees is obviously the way to go.
BlackRock — 0.3%
VanEck — 0.25%
WisdomTree — 0.5%
ARK Invest — 0.25%
Grayscale — 1.5% (HIGHEST)
Bitwise — 0.24% (LOWEST)
Franklin — 0.29%
These fees will be charged annually to everyone who holds a share in the upcoming ETF’s.
So be your own wallet and not paying those fees is obviously the way to go.
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According to VanEck the ETF comes tomorrow and is tradable the day after tomorrow.
Sounds like a god candle is going to happen -direction pending. Let’s see
Sounds like a god candle is going to happen -direction pending. Let’s see
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😂
What a shitshow.
Liquidation engines running on max volume.
250 million just got wiped again.
Personally I expect the official announcement later today. According to documents it’s basically already trough.
What a shitshow.
Liquidation engines running on max volume.
250 million just got wiped again.
Personally I expect the official announcement later today. According to documents it’s basically already trough.
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Ok it’s trough OFFICIALLY.
I told you way before anyone - 4h prior to be precise.
Trading starts tomorrow.
Aaand as I said BTC won’t move. It’s a sell the news event and dependent on inflows tomorrow.
I told you way before anyone - 4h prior to be precise.
Trading starts tomorrow.
Aaand as I said BTC won’t move. It’s a sell the news event and dependent on inflows tomorrow.
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