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RECAP: WHAT HAPPENED?
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RECAP: WHAT HAPPENED?

πŸ”₯ What a FLOWTOBER Week!πŸ’₯πŸ‘€

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InvestAnswers
Oct 20, 2024
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Today’s Nuggets

  • FlowTober Kicking In Over Last 2 Weeks

  • BTC ETF Money Flow Way Above Trend

  • BlackRock BTC Buyers New to Wall Street

  • BTC ETF Options Incoming

  • BRICS Greenlights Digital Assets

  • Whales Stacking Like 2020

  • Cardano Will Flip Bitcoin and Ethereum?

  • Model Y Juniper Incoming

  • Demonstration of the New Optimus Capabilities


Crypto Market Update:

  • The crypto market cap is nearly $2.4 trillion, with a volume of around $60 billion;

  • Bitcoin is hovering around $68K; dominance is down to 57.6%; and

  • Fear and Greed is at 72%.


Today's big news is that the Bitcoin ETFs took 31,639 Bitcoin in five days. That is staggering numbers in green:

  • Fidelity brought in ~240 million on Monday;

  • BlackRock ~300 million on Tuesday;

  • BlackRock ~400 million on Thursday;

  • BlackRock ~309 million on Thursday; and

  • ARK had two ~100 million plus days this week.


The question is, how long will this last?

That is what we need to figure out…


In just two weeks, $2.5 billion has flowed into ETFs.

Again, 37,000 Bitcoin is another way to look at it, which impacts price - no doubt.


The trend is the parallel pink line here.

The recent spike could have signaled the

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