NUGGETS OF ALPHA
Global liquidity, $250B in weeks—in 3 to 6 months, the total will exceed $100T
GBTC fund is now at an 8% discount, and the ETHE fund is at 13%
90% of the Bitcoin supply is now in profit; 2023 started with over 50% in loss
Shorts lost $56M on BTC due to shorting Bitcoin over the last week
Circle's Euro-backed stablecoin (EURC) has launched on Solana
Bitcoin is up 53% versus the Nasdaq, which is up 7% over the last 90 days
Only a few names beat BTC this week:
BNB
SOL
ADA
AVAX
ICP
SHIB
INJ
VET
STX
BTC +2.73% in a volatile week
SOL +4.76%
AVAX +5.75%
ADA +4.59%
ETH -2.36%
The Bitcoin halving is now within 120 days. Everyone is getting anxious, and no one is selling!
Since I started reporting on this dashboard eight weeks ago:
The market cap went from 1.3 to 1.68 trillion dollars
Users have grown from 5.6 million to 6.8 million
Transactions are up from 40 to 56.5 million
Crypto is being broadly adopted, which is great for the space.
The Fear and Greed Index is up to 73, which is also a bullish sign. It was 65 last week.
We have been watching global liquidity carefully, which added a quarter of a trillion dollars in weeks. In three to six months, that will be 100 trillion dollars in global liquidity, and that will float all boats up. Do not be afraid and hold
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