The latest issue of the Opening bell newsletter includes:
• On-chain investors are purchasing up to 150 Bitcoins daily, leaving only 300 BTC as a new supply overhang, which might influence price pressures.
• If ETFs achieve a daily net positive flow of just $29 million at current prices through the year, Bitcoin will likely find significant support.
• The Federal Reserve's strategy continues to shift, invoking Reflation and the Credible Threat Theory.
• Ethereum is not only in deflation but also seeing an increasing amount of ETH being secured in smart contracts, currently accounting for 38% of the circulating supply.
• Caution is advised regarding spikes in funding rates on various exchanges, as they could indicate potential market reversals.
• Correlations with the DXY and S&P 500 are returning to extreme levels, historically a bullish signal for Bitcoin.
Insights
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