#Bitcoin ETFs
➡️ Over the last 7 trading days,
➡️ 9 recently introduced spot Bitcoin ETFs
➡️ Purchased around 108,000 BTC,
➡️ Equivalent to a total value of $4.3 billion USD.
➡️ This total doesn't include $GBTC, factoring in conversion with outflows.
➡️ As we enter Day 8 of trading,
➡️ The accumulation of Bitcoin by these ETFs continues.
➡️ Over the last 7 trading days,
➡️ 9 recently introduced spot Bitcoin ETFs
➡️ Purchased around 108,000 BTC,
➡️ Equivalent to a total value of $4.3 billion USD.
➡️ This total doesn't include $GBTC, factoring in conversion with outflows.
➡️ As we enter Day 8 of trading,
➡️ The accumulation of Bitcoin by these ETFs continues.
Stop panic selling your #Bitcoin just because you see panic-inducing tweets about $GBTC coins being sent to Coinbase every morning around 9:30am.
All $BTC sold by @Grayscale so far has been scooped up by the other (lower-fee) ETFs
All $BTC sold by @Grayscale so far has been scooped up by the other (lower-fee) ETFs
📢 Important Alert: Bitcoin Price Manipulation Uncovered
Today, $647.1M withdrawn from GBTC, while Tether magically prints the same amount on Tron. Allegedly sent to Justin Sun, a controversial figure, claiming it's for Bitcoin purchase.
With Wall Street unloading after ETF drama, and Tether propping up artificially, crypto faces a precarious situation.
This isn't about popularity; it's a rigged casino.
Acknowledge reality, take profits wisely, and never invest more than you can afford to lose.
Stay informed!
Today, $647.1M withdrawn from GBTC, while Tether magically prints the same amount on Tron. Allegedly sent to Justin Sun, a controversial figure, claiming it's for Bitcoin purchase.
With Wall Street unloading after ETF drama, and Tether propping up artificially, crypto faces a precarious situation.
This isn't about popularity; it's a rigged casino.
Acknowledge reality, take profits wisely, and never invest more than you can afford to lose.
Stay informed!
🐋 #SatoshiVM Whale Transaction Alert
8 hours ago, a whale made a significant move, spending 2.05M $USDT to acquire 186,133 $SAVM at $11.01.
This purchase elevated the $SAVM price by approximately 20%.
📊 Transaction Details:
- Amount: $2.05M USDT
- Tokens: 186,133 $SAVM
- Price: $11.01
- New Holder: 0x0c008E6479a83Be6A6c49d95c2029a6064136688
📈 Impact: 20% surge in $SAVM value.
8 hours ago, a whale made a significant move, spending 2.05M $USDT to acquire 186,133 $SAVM at $11.01.
This purchase elevated the $SAVM price by approximately 20%.
📊 Transaction Details:
- Amount: $2.05M USDT
- Tokens: 186,133 $SAVM
- Price: $11.01
- New Holder: 0x0c008E6479a83Be6A6c49d95c2029a6064136688
📈 Impact: 20% surge in $SAVM value.
Crypto Patel
🚨XLM / USDT : 1H • The price is in a downtrend, forming lower lows (LLs) and lower highs (LHs), while respecting the 200 Exponential Moving Average (EMA) as dynamic resistance. • At the moment, the price is declining after rejecting from the 200 EMA.There…
#$XLM /USDT hits our target level 🔥 .
Entry: $0.114✔️
Targets: $0.109✔️
Enjoy trading with CryptoPatel and always remember to book profits!
Entry: $0.114✔️
Targets: $0.109✔️
Enjoy trading with CryptoPatel and always remember to book profits!
Bitcoin ETF Fund Flow Scorecard.
The Good, the Bad, and the Ugly.
The bad news
👉 Grayscale dumped a ton of bitcoin
👉 For the 8th day in a row, GBTC transferred an additional 18,500 Bitcoin to Coinbase.
The good news
👉 The majority of the sell-off involved FTX, which has now completed its sales, offloading around 2.5 million shares daily for 8 days.
👉 Additional positive news: Despite the GBTC (Grayscale Bitcoin Trust) sell-off, there has been a net inflow of $1.1 billion, equivalent to 28,000 Bitcoin today.
👉 Growth observed in the FBTC (Fidelity Bitcoin Fund) - faster than Blackrock.
The ugly news:
It’s a paper Bitcoin promise. Avoid and stack sats to self custody. Preferably cold storage for large amounts!
The Good, the Bad, and the Ugly.
The bad news
👉 Grayscale dumped a ton of bitcoin
👉 For the 8th day in a row, GBTC transferred an additional 18,500 Bitcoin to Coinbase.
The good news
👉 The majority of the sell-off involved FTX, which has now completed its sales, offloading around 2.5 million shares daily for 8 days.
👉 Additional positive news: Despite the GBTC (Grayscale Bitcoin Trust) sell-off, there has been a net inflow of $1.1 billion, equivalent to 28,000 Bitcoin today.
👉 Growth observed in the FBTC (Fidelity Bitcoin Fund) - faster than Blackrock.
The ugly news:
It’s a paper Bitcoin promise. Avoid and stack sats to self custody. Preferably cold storage for large amounts!
🚨SANTOS / USDT : 4H
• The price is currently moving in an uptrend above the 50 Exponential Moving Average. It is forming an ascending triangle pattern, which suggests a potential continuation of the bullish trend and the formation of new highs.
• It's advisable to wait for the price to break out of the pattern and surpass the $5.22 level on the upside before considering a long position.
Buy : $5.22
TP : $6.97
SL : $4.33
• The price is currently moving in an uptrend above the 50 Exponential Moving Average. It is forming an ascending triangle pattern, which suggests a potential continuation of the bullish trend and the formation of new highs.
• It's advisable to wait for the price to break out of the pattern and surpass the $5.22 level on the upside before considering a long position.
Buy : $5.22
TP : $6.97
SL : $4.33
🚨 Breaking: OKX to Compensate Users After Shock 48% $OKB Flash Crash
Yesterday, $OKB mysteriously plunged -48% in minutes before recovering.
#OKX now pledges to reimburse abnormal liquidations.️
But questions remain about the crash’s trigger after dormant whales awakened...
➡️ 10 wallets laying inactive since receiving 176K $OKB in 2020 suddenly came and Sold.
➡️ Deposited their full stash onto #OKX exchange on Jan 16.
➡️ Then days later, $OKB crashes -48% in minutes.
Too coincidental?
Time will tell if these whales precipitated the plunge.️
For now, OKX aims to make users whole again within 72 hours.
But this highlights crypto’s risks.
➡️ As always, not your keys, not your coins.
The custody lesson endures.
#CryptoPatel
Yesterday, $OKB mysteriously plunged -48% in minutes before recovering.
#OKX now pledges to reimburse abnormal liquidations.️
But questions remain about the crash’s trigger after dormant whales awakened...
➡️ 10 wallets laying inactive since receiving 176K $OKB in 2020 suddenly came and Sold.
➡️ Deposited their full stash onto #OKX exchange on Jan 16.
➡️ Then days later, $OKB crashes -48% in minutes.
Too coincidental?
Time will tell if these whales precipitated the plunge.️
For now, OKX aims to make users whole again within 72 hours.
But this highlights crypto’s risks.
➡️ As always, not your keys, not your coins.
The custody lesson endures.
#CryptoPatel
Bitcoin Pricew update:
As of today, the Bitcoin price is $40,038.88, a change of 1.12% over the past 24 hours. The current Fear and Greed Index value is 48, indicating a sentiment of ‘Neutral’ in the market.
Bitcoin prices recently declined nearly 19% to $39,770 following the U.S. spot ETFs debut.
As of today, the Bitcoin price is $40,038.88, a change of 1.12% over the past 24 hours. The current Fear and Greed Index value is 48, indicating a sentiment of ‘Neutral’ in the market.
Bitcoin prices recently declined nearly 19% to $39,770 following the U.S. spot ETFs debut.
Crypto Patel
Bitcoin Spot ETF Flow - Day 8 As others have already reported, net outflow on day 8 of -$106m. Total flow from the ETFs after 8 day is an inflow of +$982.9m
As for the race, Blackrock still in the lead, total flow after 8 days:
1. Blackrock +$1,849.5m 🥇
2. Fidelity +$1,599.1m 🥈
3. Bitwise +$518.3m🥉
...
10. GBTC -$3,962.7m
1. Blackrock +$1,849.5m 🥇
2. Fidelity +$1,599.1m 🥈
3. Bitwise +$518.3m🥉
...
10. GBTC -$3,962.7m
Crypto Patel
As for the race, Blackrock still in the lead, total flow after 8 days: 1. Blackrock +$1,849.5m 🥇 2. Fidelity +$1,599.1m 🥈 3. Bitwise +$518.3m🥉 ... 10. GBTC -$3,962.7m
There have now been 4 net inflow days and 4 net outflow days, as the outflows from GBTC continue
The chart after day 8 is as follows.
The chart after day 8 is as follows.