Today’s Nuggets
Mr. 100 Buys Big Again
Price Falls 14.4%
GBTC Loses 400,000 BTC
Bukele & Salinas Meet
Daily Active Users Up 10x Since 2021
ETH is in Big Trouble
The Robotaxi Puzzle
Tesla Semis’ Ramping
The SPX Double Top Drop
In this story, we will look at all the data from what happened this week. The crypto market had risen $30 billion. The Fear and Greed was still very low at 23. Bitcoin was at $54,400.
This week, ETH, BNB, SOL, ADA, AVOX, DOT, and XRP outperformed BTC.
TON and DOGE were down hard.
Mr. 100 has bought 2,000 BTC in the last seven days like clockwork.
Remember, only 450 BTC are issued per day.
Over the last eight days, we experienced an average daily loss of $148M.
The worst day was down over $300M and the best was down only $37M.
This is big and averaging 2,600 per day. This is almost six times the issuance, which is a scary statistic.
14% is reappearing in this analysis of the impact of the ETF flows on the Bitcoin price.
The Grayscale draining is not stopping, with two-thirds of its bags gone and absorbed by the other players. Imagine if GBTC did not exist… then we would have a supply crunch on our hands.
The Bitcoin price is clearly
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