Bitcoin $70,000 bang in line with stock to flow model... like a clockwork...
Source: PlanB
$BTC is giving a masters class on multiple timeframe analysis.
Source: Steven Strazza, All Charts
Bitcoin is growing faster than the internet.
Source: Vivek⚡️
Hedge funds are betting big against Bitcoin in the futures markets, possibly looking to profit from elevated funding rates, as the most valuable cryptocurrency continues to trade sideways.
Funds have built up record short positions in Bitcoin futures, according to data shared by zerohedge.
Bitcoin whales have been buying like never before
Source: cryptoquant
Here's a list of all entrants in the spot Ethereum ETF race.
The 'ETHness Stakes' Source: Bloomberg, James Seyffart
BREAKING: Binance ex-CEO CZ Zhao sentenced to FOUR months in prison.
Former Binance CEO Changpeng "CZ" Zhao was sentenced to four months in prison Tuesday, punished after pleading guilty to money laundering violations last year. Zhao founded Binance in 2017, and under his leadership, the company grew into crypto’s largest exchange by trading volume—cementing Zhao’s presence as a key business figure in the nascent crypto industry. But the former CEO was forced to step down from Binance last November as part of a $4.3 billion settlement between him, the exchange, and U.S. law officials. U.S. Justice Department officials said that Zhao created a company culture in which Binance’s growth was prioritized over compliance with U.S. financial rules. By serving American customers without the proper controls in place, funds linked to virtual theft and terrorism were able to flow through Binance undetected, officials said. Source: Decrypt
Global crypto funds just recorded 3 consecutive weeks of outflows for the first time ever.
Over the last 3weeks, total crypto fund outflows were $767 million. Last week alone, ~$435 million of crypto assets were removed from these funds, the most since late March. The majority of the outflows were recorded in Bitcoin which saw $423 million of fund withdrawals. Meanwhile, Bitcoin is down 12% in April but is still up 48% year to date. Crypto is taking a breather. Source: The Kobeissi Letter, CoinShares
