Global Liquidity: The Key Indicator According to Philip Swift, founder of LookIntoBitcoin, global liquidity has reached an all-time high of $94 trillion, approaching $100 trillion. Swift believes this is a crucial indicator for Bitcoin’s potential growth in this bull run. Bitcoin’s Inevitable Rise Swift suggests that Bitcoin’s rise is inevitable as long as global liquidity…
Positive Premium Index The Coinbase Premium Index (CPI), which measures the price difference between Bitcoin on Coinbase and other exchanges, has turned positive for the first time since May 18th. This indicates increased demand for Bitcoin on Coinbase, a major US-based exchange. Significance A positive premium shows that US-based investors are buying Bitcoin, suggesting that…
Long-Term Holders Profiting Bitcoin holders who have held their coins for a long time are now making money again. Only a tiny fraction (0.03%) of these holders bought Bitcoin above its current price and are still losing money. Short-Term Holders Struggling Short-term holders, who bought Bitcoin more recently, are still underwater. Many of them bought…
The recent halving of Bitcoin rewards has sent shockwaves through the crypto mining industry. With daily revenue plummeting by over 70%, miners are scrambling for new ways to stay afloat. AI: A New Frontier Enter Artificial Intelligence (AI). Buoyed by the success of ChatGPT, AI computing is experiencing a surge in demand. This, coupled with…
Inflows and Price Action US Bitcoin ETFs have seen a surge of inflows, with a record 17 consecutive days of net additions. However, despite these inflows, the Bitcoin price has remained relatively stable, moving from $68,000 to $71,000 this week. Carry Trade Strategy Some analysts suggest that a carry trade strategy may be influencing the…
Outperforming Assets Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets like gold and stocks. Bitcoin has seen a 141% annualized return, Ethereum 152%, and Solana a whopping 224%. Comparison to Traditional Assets The best-performing traditional asset, NDX, has only managed an annualized return of 17%. Cryptocurrencies have been the top-performing assets in 11…
Inflows Drive Rally Bitcoin has surged 2.9% in the past 24 hours, hitting a high of $71,166. This rally is largely attributed to strong inflows into US spot Bitcoin ETFs. These ETFs have seen a record 16 consecutive days of net inflows, with yesterday alone seeing $886.6 million flowing in. Fidelity led the way with…
Banking Crisis Boosts Bitcoin Bitcoin, the digital currency, is making waves as the US banking system faces challenges. Some believe Bitcoin will skyrocket in value, while others remain cautious. Bitcoin: A Safe Haven? Bitcoin supporters argue that it’s a stable investment in uncertain times. Unlike traditional investments tied to banks, Bitcoin has a limited supply…
As the crypto market gears up for a potential bull run, a crypto analyst has shared their predictions for the prices of six major cryptocurrencies. Bitcoin: Aiming for $100,000 Crypto Emily believes Bitcoin will rise to $100,000, joining the ranks of those who believe it’s achievable. With Bitcoin’s current price, this represents a less than…
Billionaire Investor’s Forecast Venture capitalist Chamath Palihapitiya predicts Bitcoin could reach a staggering $500,000 by October 2025. This bold forecast is based on the historical trend of Bitcoin’s price surges after its “halving” cycles. Halving Cycles and Price Appreciation Palihapitiya analyzed Bitcoin’s performance after its previous halving events (when the number of new Bitcoins created…
