🚫🔒12,000 Bitcoin Wholecoiners Denied. What Happened?
#Bitcoin #BitcoinDaily #ETFs #Gold #Flows $MSTR #Wholecoiners #OnChain #Miners
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Bitcoin News Time
Saylor is Back and Snags another 12,000 BTC
The company raised $800 million earlier this week selling convertible senior notes, which can be exchanged for company stock. The actual purchase was closer to $786 million after deducting costs.
Two days after raising the funds, Michael Saylor's firm bought approximately 11,931 Bitcoin at an average cost of $65,883—an intention the firm set out when it sold the notes.
With this recent purchase, the firm now holds approximately 226,331 Bitcoin. At Bitcoin’s current valuation, this works out to approximately $15 billion. However, MicroStrategy says that it acquired these coins at an aggregate purchase price of $8.33 billion. This works out to roughly $36,800 per coin, an extreme discount from Bitcoin’s current valuation of $65,900.
MSTR now $6.6BN in Profit on BTC
Note Saylor bought what hedge funds dumped over the last 9 days.
JVS: MSTR now has 0.013163 BTC per Share
MicroStrategy’s latest Bitcoin purchase boosts shareholder value.
$MSTR increases BTC per share to 0.013163 BTC.
Dropping Due to Whales & ETFs
Greater than 1 BTC drops to 1.011M remaining. Many people have 8 wallets or more.
Part I: 31,985
Part II: 203,215
Adding Part I and Part II together: 235,200 Wholecoiners.
The estimated number of wholecoiners is calculated by dividing the number of addresses with 1+ BTC by the estimated number of addresses per user (31.5), resulting in 31,985.
Javier: "There will be free competition of currencies”
President of Argentina Javier Milei says "there will be free competition of currencies so if you want to use Bitcoin there will be no problems."
PS: The US is technically insolvent if it were a company.
German Govt Sells 1/44th i.e. 1000 BTC
🚨 German Government appears to be selling Bitcoin right now.
They sent 1,000 Bitcoin ($65m) to exchanges earlier today.
Germany currently holds ~43,000 Bitcoin.
Bitcoin Chart Time
Moving bitcoin charts up above ETF charts.
$3BN in Shorts at Risk at $70K.
HOPE IS A FINE THING...UNCLE MARTY... When these $3b shorts liquidate with Bitcoin to $70k, it might force a long ladder and catch the $4b shorts at $72,500, triggering a squeeze to $80k.
Not much long leverage left - the map says we are going up. 🤞🤞🤞😀
Funding Rate Heat Map
Daan Crypto Trades @DaanCrypto: Crypto funding rates are about the lowest they have been in the past 3 months, similar to what it was at the end of April when Bitcoin was trading near its range lows.
What Happens After Funding Rates Turn Negative?
BTC Illiquid Supply Increasing Since May
Bitcoin News @BitcoinNewsCom: NEW: Bitcoin illiquid supply has increased since May, suggesting investors are choosing to hodl rather than trade.
STH RP $64,230
The STH Realized Price represents the average acquisition price of Bitcoin for short-term holders, people who have held their coins for less than 155 days. The STH Realized Price offers a snapshot of the cost basis for more recent entrants into the market.
Transfer Volume on Chain Crashes from ATH
F&G Sentiment
Heyapollo
Bullion Boom - Bitcoin Booming More
Commodities Do Well During a Crisis!
Commodities like GOLD and SILVER are an opportunity of a lifetime in the next years. Don't miss it - This bull market in hard assets will melt faces!
CH Cut Again!!! Pressure on ECB BofE and Fed
Why We Bitcoin!!!
LUKE GROMEN: The Goldman report on foreign UST demand, a picture is worth 1,000 words:
Bitcoin Black Hole
Day 111 Raw Numbers
So 900M out in 7 trading days… who is unwinding?
Retail not selling here. Pension funds not selling. My theory is Hedge Funds unwinding.
ETF Macro Update
7 out of 8 Days in the Red.
Yesterday, 2,347 BTC added to the system.
GBTC - Hedge Funds Played This ETF