Bitcoin: Fear And Greed Index

Bitcoin has entered the Neutral Zone. The last time we spent a LONGER period in the Neutral Zone was January 2024. Afterwards, the price upward trend continued.

Tether releases Q1 2024 attestation, reports record net profit of over $4.52 billion.

Bitcoin Spot ETF Flow - 1st Mai 2024

- Record largest daily net outflows for all the Bitcoin ETFs; -$563.7M

- Grayscale had an outflow of -$167.4M

Coinbase Q1 revenue $1.64b (estimated $1.32b)

Bitcoin Spot ETF Flow - 2nd Mai 2024

- Net outflows for all the Bitcoin ETFs; -$34.4M

- Grayscale had an outflow of -$54.9M

3rd May Grayscale (GBTC) Daily BTC Flows: +63.1m; first inflow since ETF conversion

Bitcoin Spot ETF Flow - 3rd Mai 2024

- Net inflows for all the Bitcoin ETFs; +$378.3M

- Grayscale had inflows of +$63M

It is the first positive net flow day since April 23rd, and the largest net inflow day since March 26th.
Grayscale (GBTC) has the first inflow day since ETF conversion.

Statement: Paolo Ardoino (CTO Bitfinex)

Market Data for This Week

Monday
UK - Retail Sales (APR)
EU - HCOB Composite PMI (APR)
AU - Retail Sales (APR)

Tuesday
US - Consumer Credit (MAR)
CA - Ivey PMI (APR)
AU - RBA Interest Rate

Wednesday
US - Crude Oil Inventories
CN - Imports & Exports

Thursday
US - Jobless Claims
UK - BOE Interest Rate

Friday
US - UMich Inflation Expectations (MAY)
UK - GDP (MAR)
CN - PPI Inflation (APR)
CN - CPI Inflation (APR)

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Bitcoin Spot ETF Flow - 7th Mai 2024

- Net outflows for all the Bitcoin ETFs; -$15.7M

- Grayscale had an outflow of -$28.6M

Coinbase saw trade volume in Q1 more than doubled to $312 billion, with institutional volume increasing faster than retail, accounting for 82% share of the total.

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