🪙 Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January

💥 Over the past seven months, data from cryptoquant reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan 1.

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JUST IN: 🇺🇸 Wells Fargo will begin pitching #Bitcoin ETFs to clients in September.

They manage $1.7T in assets 👀

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🇺🇸 Bitcoin usually pumps after US presidential elections 👀

Are you ready for it anon?

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🧐US BTC ETF funds own 84% of Satoshi Nakamoto's BTC

According to Bloomberg analyst Eric Balchunas, funds could become the largest BTC owners by Halloween

As of August 28- US ETF BTC = 921,540 BTC

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🟠 $5.5 TRILLION Fidelity says that Bitcoin could go as high as $1 BILLION by 2038 🚀

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NEW: 🟠 $6B in shorts will be liquidated when #Bitcoin hits $65K 👀

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JUST IN: 🇺🇸 FBI warns that North Korean hackers are attempting to steal #Bitcoin and crypto funds from the ETFs 👀

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JUST IN: 🇺🇸 US Senator Cynthia Lummis says her #Bitcoin Strategic Reserve bill is the "only viable solution that positions us to cut our national debt in half by 2045." 👀

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🇩🇪 German parliament member Joana Cotar said "it is very important" that more german parliament members understand #Bitcoin.

Germany selling 50k #BTC "was something very, very upsetting." 👀

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“THIS IS THE WORST #BITCOIN CYCLE EVER!” 😭

NOPE!

• In 2016, 20,200 ₿itcoin ₿locks after the halving, ₿itcoin was struggling near the red-line floor/support. This was a worse scenario.

• In 2020, 20,200 ₿itcoin ₿locks after the halving, ₿itcoin was between green-line linear-regression and red-line floor/support. Same as today.

• Today, in 2024, 20,200 ₿itcoin ₿locks after the halving, just like in 2020, ₿itcoin is between green-line linear-regression and red-line floor/support.

By John Osterman

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HISTORY: 🟠 In 2009 Hal Finney predicted $10M per #Bitcoin 🔥

He divided the world's wealth by 20 million (assuming satoshi's coins would never move).

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NEW: 🇺🇸 MARA acquires more Bitcoin, now owns over 26,200 $BTC worth $1.5 BILLION 💥

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ICYMI: 🟠 CleanSpark will acquire 7 additional #Bitcoin mining facilities in Tennessee for $27.5 million expecting to achieve 37 EH/s by EOY 🔥

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🪙 Deutsche Digital Assets new macro #Bitcoin ETP starts trading today.

Bullish 💥

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JUST IN: 🌎 Global M2 hit an all-time high❗️

Historically, Bitcoin price follows 🚀

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FYI: 💰 Only 0.27% of the Global Population can own 1 #Bitcoin each.

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NEW: 🟠 BlackRock continues to buy up #Bitcoin 👀

They now hold over 359,279 $BTC.

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JUST IN: 🟠 PayPal now enables business accounts to buy, hold and sell #Bitcoin and crypto 👀

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JUST IN: 🟠 PayPal now enables business accounts to buy, hold and sell #Bitcoin and crypto 👀

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NEW: 🟠 Polymarket bettors estimate a 60% chance that the HBO documentary will claim Len Sassaman is Satoshi Nakamoto 🤔

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2024: 🟠 Bitcoin retains top spot as best-performing asset in 2024, according to New York Digital Investment Group 🦾

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