👑🌎Bakkta Crypto trends👑

🚀 ELON MUSK'S FAVORITE COIN DOGECOIN $DOGE ROCKETS BY 47% IN A COUPLE OF DAYS, EXCEEDING MARKET CAPITALIZATION OF $62 BILLION IN THE MOMENT

DOGE IS NOW WORTH MORE THAN $GM GENERAL MOTORS, $HLT HILTON, $ALL ALLSTATE, $AIG, $OXY OCCIDENTAL PETROLEUM, $NDAQ NASDAQ, $KDP DR. PEPPER, $WBD DISCOVER, $F FORD ITD

#Crypto

✴️#etf #BTC #crypto #gold #macro
The volume of capital in 9 US spot BTC-ETFs has already reached 70% of the volume of funds in gold ETFs
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*spot BTC-ETFs were launched in early 2024, their launch was the most successful debut of any ETF in history, BBG analysts note

Bitwise experts previously noted the strongest inflows into spot BTC-ETFs, compared to gold, in their first year after launch
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“BTC is no different from gold and is a defensive asset. Moreover, BTC, unlike gold, has a finite supply...” - BlackRock CEO, January 2024

"BTC will eat gold. It has all the wonderful qualities of gold" - Michael Saylor, March 2024

"BTC Digitizes Gold" - BlackRock CEO, October 2024

"BTC will demonetize gold over time. Gold is unlikely to retain its former status in the 21st century due to the advent of digital BTC" - Michael Saylor, August 2022

"BTC has several key factors to outperform gold" - JPMorgan, January 2022

💥✴️#listing #crypto
Binance will launch futures on #GRASS #SWELL #DRIFT

📌 Why don’t alts grow during the actual retest of the cue ball’s ATH? Part No. 2

Part No. 1 - HERE

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In the last part, I promised to make a logical conclusion to the “conclusion” section regarding the beginning of the flow of money into alts. Let's continue:

1) The first thing I immediately want to draw your attention to is the volume of futures trading on all exchanges. In part #1 there was a flat in volume, but I wrote this post 3 days ago. Trump won and yesterday's surge in volumes marked a powerful exit from a long consolidation. Moreover, the volume was confirmed by the daily candle closing above the previous ATH. Historically, this is the strongest bullish sign for the continuation of the global trend (maybe through a correction, but for continuation)

2) And here is the same ratio of inflows into the spot BTC-ETF (orange line) and open interest on the CME exchange (histogram). Please note that while inflows into the spot ETF were rapidly growing, inflows into open interest on the CME began to fall (they are still growing, but at a slower pace). This indicates two important things: firstly, the number of new futures short positions has begun to decline as on Trump, the probability of a “profitable long” has increased, when the profit from holding a long position will give more profit than a carry trade (see part No. 1) with profitability from funding, and secondly, if the market cannot compensate for the volume of inflows with an opposite position , this part of the money is considered new and will soon be distributed throughout the market, and the market consists of not only one cue ball

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🔶 In any case, to start the hot phase of the alt-season, you need a large amount of free money in the system. Now they have begun to arrive, this can be seen from the difference in inflows into ETFs and OI CME. The trend is positive, from approximately the same starting point the first wave of alta growth began in November 2023

#onchain

❗️✴️🇺🇸#BTC #usa #crypto
Senator Lummis has put forward a bill for the BTC Strategic Reserve, according to which the US will buy 200,000 BTC per year for 5 years

"WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE" — LUMMIS
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in July 2024, Trump proposed creating a national strategic BTC reserve in the United States

💥✴️#BTC #crypto #markets #review
Capital inflows into BTC continue to rise, indicating continued growth in new demand - Glassnode Weekly Review
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On November 6, BlackRock's BTC-ETF recorded record daily trading volume (> $4 billion). BTC beat ATH

Altos (TOTAL3) are showing today one of the strongest impulses over the last year, which indicates a very high probability of exiting a wide flat upward from the current ones, or through a correction

I am waiting for the full coverage of $720 billion, i.e. April drop on Iran's attack, and this is another +13% for the entire cap, or 10-100% for the viola range

Well, if we block 720, then the indicators will fly high enough and their strength may be enough to continue growing and block the March high

✴️#TON #crypto
On-chain detective Arkham and TON entered into a partnership

🇺🇸 THE GUYS FROM GOLDMAN FORECAST THE REACTION OF THE US MARKET (S&P500) AFTER THE ELECTION:

TRUMP WITH REPUBLICAN VICTORY IN GOVERNMENT = 25% PROBABILITY; S&P WILL SHOW 3% GROWTH

TRUMP WITH DIVIDED GOVERNMENT (HOUSE/SENATE; DEMOCRATS/REPUBLICANS) = 30% PROBABILITY; S&P +1.5%

HARRIS WITH DEMOCRAT VICTORY = 5% PROBABILITY; S&P -3%

HARRIS WITH DIVIDED GOVERNMENT = 40% PROBABILITY; S&P -1.5%

✴️#stablecoins #crypto
Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood announced the launch of the Global Dollar Network - an open network designed to accelerate the adoption of stablecoins worldwide

The network will be based on the regulated stablecoin Global Dollar (#USDG)

✅⚡Short-term holders began selling off their BTC holdings very aggressively in the lead-up to Election Day, and have especially accelerated in recent days. However, if you look at the history of their sales, they were mistaken much more often and the price went even higher, or the peak of the sales coincided with the bottom of the local correction, after which the fall ended and BTC flew up

#onchain

✅❗Also, the weighted average funding across all exchanges (for 7 days) is now within the neutral level (0.009 - 0.01%), which is several times lower than the peak values of the current year. At the same time, the price already corresponds to the ATH zone. This indicates that there is no high demand for borrowed money, because... many speculators stepped aside, expecting another rebound from the upper border of the wide sideways band. The market is still not long, even at the current BTC price

#onchain

❗✅By the way, when the cue ball broke through the $73,000 level on Tuesday, the liquidation of short positions was the largest in the last six months. Statistically, this volume of liquidations continues the started trend either immediately or after a correction (which is happening right now)

Larger short liquidations were observed only at the end of February - beginning of March 2024, but market liquidity there was an order of magnitude higher than the current one

#onchain

✴️#BTC #crypto #history
October 31, 2008 - Satoshi Nakamoto released White Paper BTC - “A Peer-to-Peer Electronic Cash System”

✴️#ADA #crypto #presentation
Cardano may be on the verge of a big native (but this is not certain) - experts (but this is not certain)

✴️#crypto #cot #review
new tokens in the “accumulation” phase – DropsTab data

✴️#BTC #cot #crypto #etf
spot BTC-ETFs continue to buy much more BTC than miners produce