The bitcoin supply squeeze explained in a few sentences and one chart
272,000 Bitcoin bought in the last 28 days by ETFs. Meanwhile only 25,200 $BTC were mined! Yes, GBTC outflows are still a concern, but at some point that will have to end. Assuming this number stays consistent (or possibly even increases) with roughly ~2 million BTC on exchanges (based on today's liquidity), that would mean that in about 8 months time there would literally be ZERO BTC available for sale!!! And not mention the halving in 3 months will cut this amount to just 12,600 BTC mined in the same amount of time. (Source: CryptoZombie)
JUST IN: Reddit converted its excess cash into Bitcoin $BTC and Ethereum $ETH
Source: Barchart
CME Group Debuts Bitcoin, Ethereum Futures For Europe
The CME Group will be launching euro-denominated micro Bitcoin and Ethereum futures next month, answering surging demand in the derivatives market. The Chicago-based trading firm announced on Tuesday that it would launch the crypto futures for the European market due to the popularity of U.S. dollar-denominated counterparts. The futures will launch on March 18, pending regulatory review. source : decrypt
Bitcoin became fastest assets to reach a $1 Trillion Market Cap🚨
Source: bitcoinlfgo
Bitcoin is over $50k and retail trading volume on Coinbase is still 85% off its high.
Source: Bloomberg, Sam Callahan
The last time bitcoin was at $50k google search trends was above 90.
Today Bitcoin is RIPPING through $52k & google search trends are BELOW 20. Retail is still sleeping - which is rather a good sign from a contrarian point of view Source: Luke Mikic
Boomers are selling Gold ETFs, buying Bitcoin ETFs.
Source: Asher Hopp
BREAKING: Bitcoin has officially crossed above $1 trillion in market cap for the first time since December 2021.
Since December 2022, Bitcoin has added ~$700 billion in market cap. For the first time since April 2022, the total market cap of crypto is above $2 trillion. Source: Kobeissi Letter, Barchart
