Today’s Nuggets
Bitcoin Treasury Act in the Queue
Scarcity Thesis
Inflation Food for Thought
Hal Finney Predicted $10M Bitcoin
Bitcoin Options Incoming
Long-term Holders are Still Holding
The U.S. Money Market Fund Assets Surpass $7 Trillion for First Time
Heavy Insider Selling
This story is a bit long and complicated because there is much to get through, as we had an incredible week behind us. We will check out the usual on-chain activity and everything else happening.
The crypto market cap when I did this was about $2.6 trillion and is now approximately $3.05 trillion. Over $450 billion was added in wealth, so you all are richer this week. Volume was monstrous, with $185 billion in Bitcoin alone.
The Fear & Greed Index is at 86, which is a little high.
BlackRock continues to drive a lot of the action, which is represented by the red line.
Do not sleep on BlackRock; they are stacking like there is no tomorrow. The stacking they have done in October and November is phenomenal.
This week, we had two sell-off days but three big days ahead of that.
The ETFs still bought 20,300 Bitcoin over the last five days despite nearly 7,000 being sold on Thursday and Friday.
However, it is usual for people to
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