Bitcoin - trading och analys

For anyone wondering, Bitcoin price has not moved because:

1. Leverage was wiped out yesterday.

2. Everyone who wanted in before ETF, seems to be in.

3. Only after 9.30am tomorrow can the ETF’s actually start accepting capital and thus start acquiring Bitcoin.

Just because the price has not moved yet does not mean that “it was priced in”.

We can judge priced in, at the halving - if the price stays the same between now and then, I’ll say we were priced in.

Also - if Bloomberg is right with $4bn coming in on the FIRST day of trading tomorrow.

Then based on the Bank of America Bull Market Multiple.

We *could* see a price of $50k-$57k by close of trading on Friday.

The buying pressure has not even STARTED yet.

Sleep well.

SPOT ETF TOTAL TRADING VOLUME HITS $1B

I’m hearing that LARGE Broker Dealer’s are REFUSING to sell their clients Bitcoin ETF products right now even though SEC & FINRA have approved it.

They’re being gate-keepers.

Just heard from a manager with $1 BILLION under management with a BD that has over $1 Trillion and they CANNOT sell Bitcoin ETF products as the compliance department is refusing to allow the traders to execute.