The 💰 BTC purchases by BlackRock aren’t slowing down.. in fact in the last update they’ve increased

2 days ago they bought 4604 BTC,  bringing their holdings to 56,629

Yesterday they added 6859, bringing their total holdings to 63488 BTC

The latest daily buy amount was 7.6x larger than daily supply (900 BTC)

After the halving in April that would be equivalent to 15x daily supply

And this is just one ETF. Fidelity isn’t far behind IBIT in volume

There’s been $700 million of net inflows in the 3 days of this week so far

💡💡💡
US announced the inflation figures:

⚫ CPI: 3.1% YoY, 0.3% MoM
⚫ Forecasted CPI: 2.9% YoY, 0.2% MoM

Stock futures, with contracts tied to the tech-heavy Nasdaq-100 are falling further after the inflation data came in hotter than expected. Core prices, which exclude food and energy items, rose 3.9%. That was also above the 3.7% increase economists expected.

📉 PANDORA fell by 50%

The price of the sensational token PANDORA corrected by 50%. In addition, the capitalization of the ERC-404 token sector folded by 30%.

What do you think, didn't the music play long or everything is still ahead? 🤗

🔵 Coinbase Global reported robust financial results for Q4 2023, exceeding expectations and demonstrating strong growth across key metrics:

⚫️Revenue reached $953.8m, marking a 51.6% increase year-over-year
⚫️Earnings per share (EPS) stood at $1.04, a significant improvement from -$2.46 in the previous year
⚫️The company surpassed Wall Street estimates with revenue and EPS surprises of +30.31% and +1255.56%, respectively
⚫️Key metrics such as trading volume and net revenue from transaction revenue and subscription services demonstrated notable growth compared to the previous year

Bitcoin growth outlook 🥇

Bitcoin has seen a significant decline in the past few weeks, losing 21% in value after ETF approval. Will the correction continue or will we see a resumption of the bullish trend in the near future?

📌 Volume Distribution Analysis

On the decline to the $38,600 area, an abnormal buying volume appeared on the futures quote, which triggered the current 7.5% upside wave. Moreover, the volume appeared due to the execution of long-term market maker limit orders placed in the range of $38,800 - $38,000, indicating the interest of informed participants in buying

Globally, BTC is within a wide flat: $44,100 - $37,400. Therefore, the appearance of large volumes to buy at the lower boundary of the range is quite natural, but to expect a significant decline from current prices seems irrational.

📌 Predictive liquidation map

Thanks to modern analysis tools, we can not only track the actions of major participants, but also quantify the mood of the crowd. As you can see from the histogram on the right, a key array of liquidations are above the current price and belong to shorts. These liquidations are a "magnet" for the price.

Priority scenario: bitcoin's continued rise towards a large array of liquidations located at $53,010 per coin.

Bet 🐳 if you are waiting for BTC at 53k

📉💸 Grayscale Outflows Surge to $7 Billion, Signs of Slowing 🐌

Grayscale's Spot Bitcoin ETF, GBTC, has witnessed massive outflows 🌊 of over $7 billion, yet it still boasts a hefty treasure chest 🏦 of $23 billion in assets.

Although the bleeding has slowed, experts like Nate Geraci, President of ETF Store, brace for possible further dips 📉. A staggering $5.64 billion exited GBTC in January alone, with February seeing a somewhat lighter drain 💼 of $1.37 billion so far.

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When 💰 Bitcoin crashed to below 16K, the sceptics came out of the woodwork to gloat.  We held strong.

Bitcoin  is now at $51K & valued at more than $1 Trillion dollars.

Look at this chart.
This is not a bubble.
It is an adoption curve.

Bitcoin goes higher...🚀

According to Glassnode’s Bitcoin risk assessment:

⚫️Over 90% of BTC holders are profitable, signaling potential market demand exhaustion and increased rollback risk
⚫️Demand for BTC block space is growing
⚫️Over 90% of new investors are profitable, indicating high risk, with a recent downward trend
⚫️Transition from speculative ETF peaks to cautious trading suggests weakening profit-taking
⚫️Long-term holders face high risk with substantial unrealized profits, despite a steady trend over the last 7 days, signaling an early bull market stage

📈Yesterday, Blackrock's BTC ETF traded at $1.3 billion.

The trading volume ranked 11th among all ETFs and among the top 25 for equity trading on the American market.

A total of 9 ETF funds ended the day with a volume of $2.4 billion, breaking the record for the first day of trading set in mid-January.

The outflow from Grayscale also reached a minimum, with only $22 million on February 27, while the rest of the funds saw a combined inflow into BTC ETF of $540.3 million.