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Bitcoin rallied 346% from its low in November 2022 to hit a new all-time high last week, its first new high in 846 days. $BTC
Source: Charlie Bilello
BlackRock to buy Bitcoin ETFs through its $15b Global Allocation Fund.
Source: Bitcoin Archive
Bitcoin inflows to exchange user deposit wallets are low, i.e those who have bictoin in storage do not show any intent to sell even after recent rally
Source chart: CryptoQuant
BlackRock's Bitcoin ETF pulled in a MASSIVE $788m yesterday.
It smashed the previous record of $612m. They could be taking in +$1 Billion a day soon. Source: Bitcoin archive
ouch... too bad... a sign that we are late-cycle?
A bitcoin effect? Or just a remainder of the power of scarcity ?
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