In a rather curious turn of events, our friends over at the US spot Bitcoin ETFs have gallantly acquired a staggering 24,108 BTC within the last week. Yes, you heard that right! They’ve outpaced the paltry 3,150 BTC that sees the light of day from mining each week. Quite the coup, wouldn’t you say? But lo and behold! The BTC liquidation heatmap reveals high-leverage zones, much like a particularly well-placed banana peel on a slick floor. It appears that the big fish are laying down traps as they prepare for a rather explosive game of market-musical chairs! 🚀💥
Now, cast your nostalgic minds back to the thrilling days of yore—more specifically, the second half of 2022, where Bitcoin’s price plummeted to the rather disheveled heights of $15,000. At that time, the volume was ramping up to a jaw-dropping $3 million, which was positively bustling with traders. Fast forward to today, and we find ourselves in a bit of a pickle, as the volume has taken a decidedly leisurely stroll, remaining stubbornly below the 500K mark, despite Bitcoin making a somewhat cheeky rise to new highs. Ain’t that just the way? 🤷♂️
Not to throw shade on our dear analyst friend, ALI, but the data from glassnode kindly offers a glimpse into the world of diminishing volume compared to the raucous celebratory bust of Q4 2024. Do you remember back in December when Bitcoin bludgeoned its way through the psychological barrier of $100,000, bringing with it a tidal wave of over $135 billion? Ah, the good old days! Alas, now with Bitcoin pitter-pattering above $122,000, we’re looking at inflows sulking around a mere $50 billion. It appears we have hit a rather large bump on the road to market exuberance!
As for the members of the elite institution club—hedge funds, ETFs, and asset managers—they are certainly doing their best to keep things under wraps. Their involvement suggests that the markets are growing up, maturing like a fine cheese, as opposed to the earlier rallies that felt more like a raucous playground for retailers. Our beloved Michael van de Poppe has been audacious enough to predict that Bitcoin may very well embark on a journey to $150K in Q3 of 2025, and wouldn’t you know it—a peak around $250K might just be on the horizon! In any case, do keep your monocles polished and your wits about you, for it appears we’re in for quite the show! 🎩💰
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2025-07-14 14:24