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#Bitcoin ETFs are already at a staggering $250 million and the big players, Fidelity ($FBTC) and BlackRock ($IBIT), haven't even reported yet!  

Today alone, 3,674 Bitcoin have been gobbled up—that's 8.2 times the daily issuance!

 now people are matching the macro to the financial situation, and the money on the sidelines is coming into the markets

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ChefJimmy121

Who still on the Nosana train??

David

Still hanging in there. I totally made a hash of it tbh. Locked for 365 days. Realised the unlock took 365 days once unlocked. Once unlock has been triggered zero rewards. I am getting my NOS dripped back slowly. You still in?

Nico.B

Don’t understand why they are layering in now? Is it just their customers calling them up or transferring into their ETF accounts? They had so much time to buy when it was lower. Just human nature I suppose!

Fabulous

Yea buy high sell low. It is just average people buying. When a lot of sudden surge is coming it more signals local tops every time then a supply shock

Lenny

What does the green line represent?

SolarBTC

The amount of Bitcoin being taken out of the system trend since beginning of ETFs when it was near $40k. It’s a lot easier to buy a ton when you have 0 Bitcoin and a large bag needing to be filled. But as time goes on and price goes higher it becomes more challenging to buy as much daily. Also as it becomes more scarce it will really make this green line point downward. It’s an average trend since ETFs began.

Primepursuit777

How is it remotely possible that BTC could have been bought with paper IOU’s? Unbelievable and glad this stopped

Russ T

All good. But BTC seems to be struggling at 66k. I guess that is becoming resistance.

BMartin

How is BTC not $70k+ territory 😭

Kp monty

And btc up a staggering 3.8% for the week?? Fool me once, shame on you. Fool me twice, shame on me. ETFs are a fraud. Prove me wrong

Stephanie Wang

They can’t report it yet, too busy buying it at the OTC desk.

Michael A

Do you really believe James is trying to fool people? If so, why not simply leave the community? I find James is not always correct with short-term predictions. But his long-term calls are very accurate. I see him as a man of integrity. If this is not how you see him anymore, maybe It's time to move on. There's nothing wrong with that. Also, if you really don't think the ETFs are making a difference, look at the one year chart.

KMA

I keep thinking about how the first BTC I bought was December 2020 at like 16k. And how much higher it went from there. We are only in October….