Tyler Maltz
liked
$Ethereum(ETH.CC$ ETF shenanigans are starting.
Expecting news in the coming hour or so.
As shared this morning: do not overtrade. Let the degens do their thing -- the long-term effects of the ETF will come.
Until then, do not get chopped up.
Expecting news in the coming hour or so.
As shared this morning: do not overtrade. Let the degens do their thing -- the long-term effects of the ETF will come.
Until then, do not get chopped up.
2
Tyler Maltz
liked and voted
$Coinbase(COIN.US$ $Robinhood(HOOD.US$ $Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $Dogecoin(DOGE.CC$ $XRP(XRP.CC$ $Marathon Digital(MARA.US$ $MicroStrategy(MSTR.US$ $CleanSpark(CLSK.US$ $Riot Platforms(RIOT.US$
House passes the Financial Innovation and Technology for the 21st Century Act.
Vote: 279 to 136, with strong bipartisan support.
Bill creates a tailored disclosure and registration regime for digital-asset companie...
House passes the Financial Innovation and Technology for the 21st Century Act.
Vote: 279 to 136, with strong bipartisan support.
Bill creates a tailored disclosure and registration regime for digital-asset companie...
11
3
Tyler Maltz
liked
Trump's campaign accepts cryptocurrency donations.
First major presidential campaign to accept crypto.
Contributions via any cryptocurrency accepted by Coinbase Commerce.
Move marks a milestone in digital fundraising for major party nominees.
Campaign highlights Trump's support for financial technology innovation.
Criticizes Democrats for regulatory stance on financial technology.
$Coinbase(COIN.US$ $Ethereum(ETH.CC$ $Bitcoin(BTC.CC$ $Dogecoin(DOGE.CC$ $XRP(XRP.CC$ $Trump Media & Technology(DJT.US$
First major presidential campaign to accept crypto.
Contributions via any cryptocurrency accepted by Coinbase Commerce.
Move marks a milestone in digital fundraising for major party nominees.
Campaign highlights Trump's support for financial technology innovation.
Criticizes Democrats for regulatory stance on financial technology.
$Coinbase(COIN.US$ $Ethereum(ETH.CC$ $Bitcoin(BTC.CC$ $Dogecoin(DOGE.CC$ $XRP(XRP.CC$ $Trump Media & Technology(DJT.US$
11
2
The fall in $Bitcoin(BTC.CC$ selling pressure can be seen in the on-chain activity of short-term holders and the balances on over-the-counter (OTC) desks.
The BTC balance on OTC desks has stabilized since late April, indicating less bitcoin supply from market participants. The balance on OTC desks began to rise by 60,000 BTC on March 10 when the asset hit an all-time high of $73,000; however, it has been flat since late last month.
Similarly, the profit margin...
The BTC balance on OTC desks has stabilized since late April, indicating less bitcoin supply from market participants. The balance on OTC desks began to rise by 60,000 BTC on March 10 when the asset hit an all-time high of $73,000; however, it has been flat since late last month.
Similarly, the profit margin...
2
1
Tyler Maltz
liked and voted
$Bitcoin(BTC.CC$ has become more dominant in the crypto market thanks to impending halving and broader market risk aversion, despite the price correction
The largest cryptocurrency by market value was trading below $61,400 during Asian trading hours on Thursday, according to CoinDesk Indices data, as the sell-off in risk assets, fueled by difficult macroeconomic conditions, rages.
Meanwhile, The level of interest in t...
The largest cryptocurrency by market value was trading below $61,400 during Asian trading hours on Thursday, according to CoinDesk Indices data, as the sell-off in risk assets, fueled by difficult macroeconomic conditions, rages.
Meanwhile, The level of interest in t...
1
$Bitcoin(BTC.CC$ I, like many was skeptical of THE ‘bitcoin’ despite all the noise and hype… but the turning point that flipped the switch was the analogy that the world went from cassettes to cds 💿 to digital; from vhs to dvds 📀 to digital; from gold to cash 💵 to… Bitcoin! Boom it made sense and once you see it, HODLing becomes innate
3
$MicroStrategy(MSTR.US$
That is, 24 percent of Microstrategy's floating stock is shorted. This sets up well for a squeeze. $Bitcoin(BTC.CC$ is currently surging, mainly due to the news that $Coinbase(COIN.US$ has been absolved of it's SEC lawsuit. Add to that:
- BTC halving will occur sometime in the next two weeks, potentially driving up the price of BTC substantially in the short term. MSTR's book value is inherently tied to the cost of BTC, due to Micheal S...
That is, 24 percent of Microstrategy's floating stock is shorted. This sets up well for a squeeze. $Bitcoin(BTC.CC$ is currently surging, mainly due to the news that $Coinbase(COIN.US$ has been absolved of it's SEC lawsuit. Add to that:
- BTC halving will occur sometime in the next two weeks, potentially driving up the price of BTC substantially in the short term. MSTR's book value is inherently tied to the cost of BTC, due to Micheal S...
13
2
$Bitcoin(BTC.CC$ may be setting up for a massive short squeeze:
Currently, the gap between institutional longs and hedge fund shorts is at a record high.
While hedge funds hold nearly 15,000 in net short contracts, institutions hold nearly 20,000 in net longs.
This is likely why price action has been so sporadic over the last few days.
Longs are not giving up and each new record high in Bitcoin is being fueled by widespread short covering.
How long can the shorts hold on?
Currently, the gap between institutional longs and hedge fund shorts is at a record high.
While hedge funds hold nearly 15,000 in net short contracts, institutions hold nearly 20,000 in net longs.
This is likely why price action has been so sporadic over the last few days.
Longs are not giving up and each new record high in Bitcoin is being fueled by widespread short covering.
How long can the shorts hold on?
3
1
Tyler Maltz
liked
Fun Fact: 24% of your wealth has been diluted since 2020
Another interesting point to note:
The purchasing power of $Bitcoin(BTC.CC$ vs. USD has eroded with time as well as inflation has taken effect
As you can see below currently the purchasing power for BTC at the current price of $66,814 is actually $47,247. This means the yellow line reflects how many goods or services Bitcoin could buy at that point in time compared to 2009
$BTC/USD(BTCUSD.CC$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
Another interesting point to note:
The purchasing power of $Bitcoin(BTC.CC$ vs. USD has eroded with time as well as inflation has taken effect
As you can see below currently the purchasing power for BTC at the current price of $66,814 is actually $47,247. This means the yellow line reflects how many goods or services Bitcoin could buy at that point in time compared to 2009
$BTC/USD(BTCUSD.CC$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
6
1
$MicroStrategy(MSTR.US$ holds 205k $Bitcoin(BTC.CC$ worth $15.2 bn at $74k/coin. Let's be charitable and say the software business is worth 5x revenue, or $2.5 bn, even though it is a loss making business. The stock trades at a 71% premium.
Why does this premium exist? Because arb traders are too scared of a short squeeze.
David Einhorn says markets are broken. And he is absolutely right. MSTR/IBIT is the new Palm/3Com.
Why does this premium exist? Because arb traders are too scared of a short squeeze.
David Einhorn says markets are broken. And he is absolutely right. MSTR/IBIT is the new Palm/3Com.
2