How Tze 浩知

New Bitcoin ETFs now hold 500,000 BTC, while GBTC outflows slow, Mar 30, 2024 Bitcoin to attract $1T from institutions amid ‘raging bull market’ — Bitwise exec, Mar 30, 2024 Bitcoin exchanges’ BTC balances have dropped almost $10B in 2024, Mar 30, 2024 Bitcoin exchanges’ BTC balances have dropped almost $10B in 2024 Bitcoin exchange withdrawal trends are clear as “pent up institutional demand” from the spot ETFs combines with the upcoming halving to squeeze the available BTC supply. Data from on-chain analytics firm Glassnode shows that since Jan. 11, exchanges are down over 136,000 BTC. As of March 28, the exchange info tracked by Glassnode held a combined 2,320,458 BTC — the lowest balance since April 2018. The trend shows no sign of slowing. Glassnode shows that on March 27 alone, withdrawals totaled more than 22,000 BTC ($1.54 billion) — the third-largest daily tally of 2024. ETF buying alone already represents a much larger buying force than the “new” BTC unlocked each day by mine...

BlackRock CEO ’very bullish’ on Bitcoin as its ETF crosses $17B, MAR 28, 2024 Not just the halving: Why analysts are bullish on Bitcoin in 2024, MAR 28, 2024 Bitcoin currently in ‘middle of the bull run’ — Grayscale report, MAR 28, 2024 Bitcoin price reclaims $70K as Coinbase BTC supply hits 9-year low, MAR 25, 2024 BlackRock CEO ’very bullish’ on Bitcoin as its ETF crosses $17B “IBIT is the fastest growing ETF in the history of ETFs. Nothing has gained assets as fast as IBIT in the history of ETFs,” ~ Larry Fink (https://www.foxbusiness.com/video/6349827399112) IBIT has a strong start to trading, tallying $13.5 billion in flows in the first 11 weeks, with an $849 million daily high on March 12.  IBIT averages a little over $260 million in inflows per trading day. “We’re creating now a market that has more liquidity, more transparency and I'm pleasantly surprised. I would never have predicted it before we filed it that we were going to see this type of retail demand,” “I’m ver...

Over $1B in US Treasurys have now been tokenized on-chain，MAR 28, 2024 BlackRock begins asset tokenization with launch of digital liquidity fund，MAR 19, 2024 Sygnum bank to tokenize $50M of Matter Labs’ reserves for transparency，MAR 19, 2024 BlackRock begins asset tokenization with launch of digital liquidity fund ... “the next step forward” toward a single ledger, instantaneous settlement and ending illicit activities ... BlackRock, the world’s largest asset manager, has filed a United States Securities and Exchange Commission Form D for the BlackRock USD Institutional Digital Liquidity Fund.  This marks the launch of BlackRock’s first tokenized asset fund. According to the filing, BlackRock created the fund in 2023 but has yet to launch it.  Form D is used to obtain various exemptions.  BlackRock indicated that it is seeking an exemption under the Investment Company Act Section 3(c), which exempts it from certain SEC regulations.  The fund was created under the jur...

Volatility is good for traders. Long term value investors keep calm.   1 Day 1 Week 1 Month 6 Months 1 Year All Time In A View Bitcoin is up 1,800% 4 years after the 2020 COVID-19 BTC price crash From bottom buys to stimulus checks, Bitcoin has richly rewarded those who used the events during the COVID-19 pandemic to increase BTC exposure. Bitcoin (BTC) is up nearly 2,000% versus its COVID-19 lows on the fourth anniversary of its crash to $3,600. On March 12, 2018, BTC price action began a plunge to levels never seen again as risk assets dived worldwide. Beginning March 12 at $7,960, BTC/USD finished at $4,830, going on to bottom at $3,860 the following day. Its comeback was arguably just as impressive — just one-and-a-half months later, $10,000 had reappeared. “Everyone who bought the dip is up 1,700% since,”  Those who decided to go all in on that day are not the only COVID-19 success stories when it comes to diversifying into BTC. United States citizens who used their first...

Bitcoin’s ‘up only’ rally creating around 1.5K crypto millionaires daily — Data Top Bitcoin traders enter leveraged longs near all-time high — $80,000 ahead? Will the Bitcoin halving bring more institutional investors into crypto? Bitcoin price nails new $73.6K all-time high as ETFs eat away at supply Is Bitcoin due for a correction with 5 weeks till the halving? Bitcoin’s ‘up only’ rally creating around 1.5K crypto millionaires daily — Data STOP selling your Bitcoin to the ETFs! ... the daily inflows into spot Bitcoin ETFs hit a record $1 billion of net inflows on March 12 BTC’s latest rally, backed by U.S. spot Bitcoin ETFs, is creating about 1,500 millionaire wallets on a daily basis.  This highlights the growing wealth accumulation in the cryptocurrency sector. However, this is a significantly lower number than those created during the 2021 bull run, when “more than four thousand wallets were reaching the million-dollar mark daily, and more than two thousand wallets were reachi...

London Stock Exchange to launch crypto ETNs on May 28, MAR 25, 2024 Bitcoin has 6 months until ETF ‘liquidity crisis’ — New analysis, MAR 12, 2024 Bitcoin has 6 months until ETF ‘liquidity crisis’ — New analysis Bitcoin ETF - Most Successful ETF Launch in History Now holding nearly $30 billion, United States-based spot Bitcoin exchange-traded funds (ETFs) have become the most successful ETF launch in history. “Bears can’t win this game until spot Bitcoin ETF inflow stops.” ETFs alone put away more than 30,000 BTC last week, and with 3 million BTC in exchange and miner wallets, the odds of a supply-induced price shock become clear. Limited Sell-side Liquidity and Thin Orderbook “Last week, spot ETFs saw netflows of +30K BTC. Known entities like exchanges and miners hold around 3M BTC, including 1.5M BTC by US entities.”  “At this rate, we’ll see a sell-side liquidity crisis within 6 months.” When the tipping point from ETF demand comes, Ki forecasts the BTC price impact may be beyon...

 An interesting finding and nice output.

  Bitcoin's Super Cycle We "were" There 10 9 8

 农历二月二，龙抬头。 BTC price blasts through $70K — 5 things to know in Bitcoin this week Bitcoin Halving: What’s different this time around? Bitcoin buying advised as US enters the ‘looting-the-treasury phase’ Large corporations, major wirehouses gearing up to buy Bitcoin: Bitwise BTC price blasts through $70K — 5 things to know in Bitcoin this week potential BTC price volatility catalysts to come. Bitcoin has hit a new all-time high before its next halving — a unique event in its history. Bitcoin's most convicted holders are still holding at unrealized profit levels that usually occur well before the cycle peak. https://cointelegraph.com/news/btc-price-blasts-through-70k-5-things-bitcoin-this-week Bitcoin Halving: What’s different this time around? Bitcoin’s supply-demand dynamic will be even more favorable than previous halvings in 2012, 2016 and 2020 — thanks to the recent launch of spot Bitcoin exchange-traded funds (ETFs) in the United States. This halving event will occur at block 8...

Bitcoin Market Cap Info   Bitcoin market cap as a follow-up log to the article  Bitcoin, Towards Becoming World's Most Valuable Asset Class? Keywords Institutional Demand Price Discovery Accelerate Hyperbitcoinization Gated Access Benefits Risk tolerance Financial goals Fact Spot Bitcoin ETF trading volume peaked at $5.5 billion in total on March 4, making it the second-highest volume day since the products launched.  The high trading volume and institutional demand mean spot Bitcoin ETFs, exchange-traded products and trackers now handle around 1 million BTC — roughly 5.13% of the total BTC circulating supply.  Of that 1 million BTC, nearly 83% is managed by U.S.-based spot and futures ETFs. Bitcoin Mining In 2023, Core Scientific became the largest publicly listed crypto mining company in North America after mining 19,274 BTC, worth $812 million.  The miner recently emerged from bankruptcy under Chapter 11 in the United States after a 13-month restructuring pro...

 BTC is technically superior to gold, real estate and the S&P 500. While Bitcoin’s pre-halving rallies are historically profitable for investors, analysts expect the biggest gains to come after the halving, with some eyeing $130,000 to $180,000 by the end of 2025. 150-400 days after the halving tends to be the sweet spot where the compounding effects of subdued miner selling pressure impact BTC positively directionally. The pre-Halving leading up to the actual Halving event is a great time to realize gains. The pre-Halving rally turns investor sentiment into a new bull cycle but timing the market to know when to get out at the top is extremely challenging. https://cointelegraph.com/news/is-the-bitcoin-halving-the-right-time-to-invest-in-btc

It’s impossible to predict the price of BTC going forward, but by taking a snapshot of where it is today as it hovers around its previous all-time high, the total global impact of Bitcoin can be put into perspective. 1. 5,000 BTC used to get you a pizza — now it’s worth more than some countries. 2. There was a time when 10,000 BTC would get you a couple of pizzas. Today, a single Bitcoin would buy nearly 1,000 shares in Papa John’s, the fourth-largest pizza chain by market value 3.  Bitcoin’s (BTC) current pricing at $68,492 comes with a total market value of $1.31 trillion, is about a billion dollars more than all the Swiss francs in circulation.  4. In fact, if Bitcoin were a fiat currency, it would be the 13th-largest in the world by market capitalization. This means there are only 12 fiat currencies with enough circulation to buy all the Bitcoin currency available. 5. At its current market value, a hodler with 10,000 BTC in their portfolio would have around $666.4 million ...

 “The Bitcoin ETF is just an initial offering that allows the global financial system to have basic investment rails and payment rails toward Bitcoin within structures that they find comfortable for them. The next stage is asset tokenization where banks see all these inflows into ETFs and then they make assets to compete with the ETFs or to get some of that capital.” ~ Sergey Nazarov, Chainlink Co-founder Glassnode puts the total BTC assets available on the major trading platform it monitors at 2,286,347 BTC ($142.5 billion) as of March 2, 2024. This is the lowest amount since March 2018, when BTC/USD traded at just $8,000. AI, ETFs will power a decade-long ‘gold rush’ for Bitcoin: Michael Saylor First gold ETF took 2 years to hit $10B,  BlackRock’s iShares Bitcoin Trust (IBIT)  ETF did it in 2 months AI, ETFs will power a decade-long ‘gold rush’ for Bitcoin: Michael Saylor 1. “High growth institutional adoption" - Institutions will compete to capture as much of Bitcoin...

... top two mining pools, Foundry USA and AntPool higher operating costs and outdated setups will go offline. This will further centralize hash rate, with large-scale mining pools operating with significantly lower marginal cost per hash rate — thus intensifying centralization concerns. The top two mining pools, AntPool and Foundry USA, are both regulatory compliant and require all miners to fulfill Know Your Customer obligations — ostensibly placing control in the hands of U.S. regulators. The argument of whether Bitcoin centralization will lead to censorship may be a moot point. In November 2023, Bitcoin developer 0xB10C reported on a number of transactions that may have been filtered out of blocks by mining pools. The suspect blocks all contained addresses sanctioned by the United States Office of Foreign Assets Control (OFAC). From six candidate blocks, 0xB10C identified four blocks believed to omit OFAC-sanctioned addresses. All four transactions were ignored by the F2Pool mining ...

 #NFA #DYOR Simple math. Simple logic. 1️⃣ BTC Demand (Institutional, retail yet to come in as at 27th Feb 2024) Bitcoin is now only 20% down from its all-time high of nearly $69,000. Currently, a total of 900 new BTC is added to the daily supply by miners.  However, spot Bitcoin ETFs are seeing net inflows of nearly 8,000–9,000 BTC on each trading day. 2️⃣ BTC Supply (Upstream Mining) Riot’s cost to mine Bitcoin for 2023, net of power credits allocated to self-mining, averaged $7,539 per Bitcoin versus $11,225 in 2022, a decrease of 33% year-over-year. Gold mining vs BTC mining Gold mining - very heavy investment with unknown output BTC mining - heavy investment but calculated risk is possible (as shown above real world case study), as everything if pre-fixed, ultimate scarcity with mining algorithm programmed and immutable to changes. 3️⃣ BTC Usage (Midstream Opportunities) - Store of value - Unit of accounting - Medium of Exchange In short, BTC is programmable money that ...