π³ ~$1.03B of supply was released from 2-3 year dormancy on May 5, marking the sixth dormant cluster to unlock this rally.
During the same window, wallets holding 1,000+ #BTC increased by 12% this quarter, according to Glassnode.
Two whale cohorts are trading oppositely. Focus on the count, not the noise.
During the same window, wallets holding 1,000+ #BTC increased by 12% this quarter, according to Glassnode.
Two whale cohorts are trading oppositely. Focus on the count, not the noise.
ππ Two cycles, two kings.
2018 β 2022: TSLA dominated (+1,163%)
2022 β 2026: NVDA took the crown (+1,049%)
ETH went from +251% to flat. Gold & Silver only woke up in cycle B.
#BTC quietly delivered triple-digit returns in both.
2018 β 2022: TSLA dominated (+1,163%)
2022 β 2026: NVDA took the crown (+1,049%)
ETH went from +251% to flat. Gold & Silver only woke up in cycle B.
#BTC quietly delivered triple-digit returns in both.
π¨ππ¦ Swiss Bitcoin Reserve Campaign to Lapse After Failing to Secure Enough Signatures
Reuters reported that Swiss cryptocurrency advocates will drop a campaign to require the Swiss National Bank to hold Bitcoin in its reserves. They secured only about half of the 100,000 signatures needed to trigger a referendum. The SNB has rejected the idea, stating that cryptocurrencies are too volatile and insufficiently liquid to meet its reserve requirements.
Reuters reported that Swiss cryptocurrency advocates will drop a campaign to require the Swiss National Bank to hold Bitcoin in its reserves. They secured only about half of the 100,000 signatures needed to trigger a referendum. The SNB has rejected the idea, stating that cryptocurrencies are too volatile and insufficiently liquid to meet its reserve requirements.
πΊπΈπ #macro USA (Preliminary):
- Unemployment Rate: 4.3% (Prior: 4.3%);
- Nonfarm Payrolls: 115k (Prior: 178k)
- Unemployment Rate: 4.3% (Prior: 4.3%);
- Nonfarm Payrolls: 115k (Prior: 178k)
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π¦ Michael Saylor explains the competition in digital credit from banks, stating, "Itβs like enriched uranium. You need a crypto reactor to create credit." He added that a bank would require a structure with $50-$100 billion worth of Bitcoin held in one entity. Saylor believes that if this occurs, the price of #BTC will significantly increase, potentially adding another $50-$100 billion to the market.
π΅οΈ #ETH Smart Money Flow Index
April: +$356M.
May 1 single-day: +$101M.
BlackRock and Fidelity took 90%+ of the bid.
Globally, ETH ETFs crossed $14B YTD net inflow.
Five red months. Then a pivot β and the timeline barely noticed. The rotation that matters is rarely loud at the start.
April: +$356M.
May 1 single-day: +$101M.
BlackRock and Fidelity took 90%+ of the bid.
Globally, ETH ETFs crossed $14B YTD net inflow.
Five red months. Then a pivot β and the timeline barely noticed. The rotation that matters is rarely loud at the start.