Bitcoin ETFs absorbed 7.5x the new Bitcoin mined yesterday

Remembering the guy that told me to sell at ~$2000

GM

GBTC saw $3.94million of *inflows* yesterday ... 2nd positive day after >70 days of net outflows

As a group the US ETFs saw net inflows of $217million

Cumulative net flows are approx the same as when Bitcoin peaked at $73,800

ETF investors are buying what others r selling

Remember when completely BS FUD used to actually work and caused a dip?

Good times

JFC

Update on net ETF flows + GBTC flows (insert)

Tether bought ~8700 BTC in the first quarter of 2024
95/day

Only 450 BTC are currently mined per day

And there we have it

Faketoshi lost all cases

Well done and thanks to everyone that donated, supported, fought and sacrificed (the latter especially true of Hodlonaut and Peter McCormack🏴‍☠️)

Bitcoin's immune system won against bad actors willing to spend 10's of millions!!

You would be forgiven for assuming the Bitfinex whale/s would be taking profits by now

... but they're not

Sub-$60k was a trap

It's almost like this is catching on...

Hotels with barely usable Internet

What year is it?

For every seller, there is a buyer
Bitfinex whale/s have accumulated ~5000 BTC on margin since 14th April

Haven't been this poor since ...

<checks notes>

... end of Feb