Inflows to crypto funds
The recent approval of bitcoin ETFs, which has enabled record crypto fund inflows, to the tune of $7.7 billion already which blows all of 2021's $5.2 billion inflows (the year when bitcoin hit its previous all time high) away, which also means that the current explosion in crypto is taking place with far less leverage. Annualize that, and you get a shocking number. Source: BofA
Bears right now
(picture courtesy of Barchart)
Total Put/Call Ratio drops to 0.74, the lowest level since December 28, 2021 👀 Retail continues to YOLO calls
Source: barchart
High global cost of capital hurts weak global balance sheets
Pakistan, Nigeria, Ethiopia, Egypt, DRC, Iran, Türkiye, Argentina account for 12% of world population (>1bn people) and they are all hit by inflation rates >30% (Argentina 250%, Türkiye 60%, DRC 50%), interest rates >20% & pressure of currencies. Source: BofA
Compounding doesn't rely on earning big returns
Merely good returns sustained uninterrupted for the longest period especially in times of chaos and havoc-will always win Source: Investment books (Dhaval)
Long large cap-growth relative to small cap value 12-month relative performance hit extreme level
Source: BofA
Wealth inequality keeps rising
The Top 1% of US earners now have more wealth than the middle class
BREAKING: BlackRock's Bitcoin ETF, $IBIT, hits a record $10 billion in assets under management
This is the fastest an ETF has hit $10 billion in assets under management, at 37 trading days. Just ~4% of all ETFs have reached the $10 billion mark. More history made by Bitcoin. Source: The Kobeissi Letter
