Crypto Patel
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Welcome to the CP community. We provide you Crypto-Trading Charts, calls, updates & news with good accuracy.

Do your own research before investing in any cryptos mentioned in the CryptoPatel channel.

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πŸ‹ #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%.

πŸ“Š Transaction Details:
- Amount: $2.05M USDT
- Tokens: 186,133 $SAVM
- Price: $11.01
- New Holder: 0x0c008E6479a83Be6A6c49d95c2029a6064136688

πŸ“ˆ Impact: 20% surge in $SAVM value.
Bitcoin ETF Fund Flow Scorecard.
The Good, the Bad, and the Ugly.


The bad news
πŸ‘‰ Grayscale dumped a ton of bitcoin
πŸ‘‰ For the 8th day in a row, GBTC transferred an additional 18,500 Bitcoin to Coinbase.

The good news
πŸ‘‰ The majority of the sell-off involved FTX, which has now completed its sales, offloading around 2.5 million shares daily for 8 days.
πŸ‘‰ 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.
πŸ‘‰ 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

β€’ 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.

β€’ 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...

➑️ 10 wallets laying inactive since receiving 176K $OKB in 2020 suddenly came and Sold.

➑️ Deposited their full stash onto #OKX exchange on Jan 16.

➑️ 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.

➑️ 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 β€˜Neutral’ in the market.


Bitcoin prices recently declined nearly 19% to $39,770 following the U.S. spot ETFs debut.
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
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 πŸ₯‡
2. Fidelity +$1,599.1m πŸ₯ˆ
3. Bitwise +$518.3mπŸ₯‰
...
10. GBTC -$3,962.7m
Crypto Patel
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.
Now all the data again, but in Bitcoin terms :

* Total inflow flow in 8 days of 21,362.5 BTC for all ETFs
* Total GBTC outflow in 8 days of 98,296 BTC
🚨MAGIC / USDT : 1D

β€’ The price is currently in an uptrend, forming higher highs (HHs) and higher lows (HLs) structure. After breaking out of the previous resistance, the price is now retracing and finding support at the previous resistance zone.

β€’ We can expect the price to bounce back from this support and potentially test its previous swing high. It's advisable to wait for the price to test the support zone around the $0.8500 level and look for a bounce as confirmation before considering a long position.

Buy : $0.905
TP : $1.292
SL : $0.744
Grayscale deposited 14,487 $BTC($579M) to #Coinbase and 4,750 $BTC($189.8M) to new wallets again 20 mins ago.

#Grayscale has deposited 93,700 $BTC($3.85B) to #CoinbasePrime since the #ETF was passed.
World Indices :
SPX - 4,864.60 (0.29%)

Cryptocurrencies :
Bitcoin USD - 39,945.37 (2.81%)
Ethereum USD - 2,225.79 (1.21%)

Commodities :
Silver - 22.97 (2.24%)
Gold - 2,033.90 (0.4%)
Crude - 74.83 (0.62%)
The 2024 #Bitcoin Supply Crunch Cometh

In just 9 days of ETF trading:
🟒 ~1,20,000 $BTC bought by #ETFs
🟒 Grayscale sold ~1,00,000 BTC
🟒 27K mined/month today
🟒 13.5K to be mined post-halving

Simple math:
🟒 New ETF demand outweighs
🟒 Selling pressure &
🟒 Dilution from new supply

Once #Grayscale unwinding slows, brace for fireworks as hodlers like yours truly continue stacking sats.

With the trifecta of:
🟒 Surging institutional inflows
🟒 Decelerating miner selling
🟒 Plus supply shock from halving

2024 promises a supply-driven #BTC melt-up for the ages.

Stack sats & hold on tight!
Grayscale deposited $72,94,80,000 ( 18,237 $BTC ) to CoinbasePrime and 3952.541 #BTC ($158M) to new wallets.

#Grayscale has deposited ~100k+ BTC ( $4B ) to #CoinbasePrime since the #ETF was passed.

And currently holds ~515,649 #Bitcoin ( ~$20B )