Damus
Samson Mow profile picture
Samson Mow
@Excellion
The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation.

The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.

IBIT’s average stack is ˜$200M/day or 4.7k BTC.
FBTC’s average stack is ˜$175M/day or 4.2k BTC.

So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month.

But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply.

And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs.

Plan accordingly.
2023❤️48🤙33❤️5🤝3🧡3💜2
stackatoshi · 110w
let’s see what the real daily inflows are after the GBTC dumping is finished
Bitcoin Basics · 110w
I am not bullish enough
Bobo ⚡️ · 110w
Few nostr:note18l2g8fkjqzyfr6f3txtzvdekzrzgexm94y2g7h0z9qsvwdycyvsqa7mar8
Danielle · 110w
Mind blowing
Yπαρχος 0SUMfreeparity · 110w
users will always have the most supply
DRE · 110w
But Jim Cramer said this was the top
Bitcoin Fortress · 110w
https://image.nostr.build/ffe5c39ec360472ee18ccf650f602531a2891f502f473328fbba2be9456f3a9b.jpg
rieger_san · 110w
Fomo kicks in 😅
aoeu · 110w
Big difference is that MSTR is a single entity while the money flowing into the ETFs comes from many people/institutions. So Blackrock, Fidelity, etc don’t actually own all that BTC themselves.
Mark Camper · 110w
Will the flows ever beat the first two days, though? Probably not in the btc terms. IMO, not in dollar terms either in the foreseeable horizon. Even if everyone targets the Superbowl week with the ad money and PR buzz, it is impossible to match the hype of the approval days.
Bobo ⚡️ · 110w
Doing my bit for #FOMO. Reposting this #bitcoin accumulation perspective nostr:note18l2g8fkjqzyfr6f3txtzvdekzrzgexm94y2g7h0z9qsvwdycyvsqa7mar8
Have a Merry Christmas, New 2024 frens · 110w
This is horrible news if what you're saying is true about Wall st. hoarding all the coins. I want to see my brothers and sisters in Sudamerica, Central America and Africa to have a chance to get the incorruptible insurance protection, not the fuckers in North America, and Europe who manufacture war...
nostrich · 109w
great synopsis. I'll keep hodling!
MD_Gosu · 109w
no diamond hands on etf holders
Lyn Alden · 109w
Good to see users still use the shared swap pool! 🔥🚀‬ https://altcryptogems.com/ https://m.primal.net/HZwb.png