Outflows continue at Grayscale but are offset by Fidelity and other ETFs. With markets closed over the weekend and a neutral start to the week, Bitcoin has maintained its upward trajectory. #Bitcoin 
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only.
Follow the carrot down the rabbit hole.
Full week of net outflows due to Grayscale and reduced inflows. BlackRock will flip Grayscale within a couple of weeks.
Halving progress 98%. #Bitcoin
Outflows out of grayscale continue, but more importantly, during this dip, the 9 other ETFs have shown consistent inflows.
ETFs update: Yesterday, we saw a large net outflow of 5.3k #BTC, obviously contributing to the $5k drawdown in price.
Important observation: yesterday's numbers show Grayscale outflows did not rotate into BlackRock.
Giant GBTC outflows, 9.5k #BTC.
Since ETF approval, 250,000 BTC have flowed out of Grayscale. This substantial sell pressure was mostly offset by other ETFs' inflows. We were overdue for a pullback, and yesterday, and likely today, outflows are in charge.
Nonetheless, large inflows to BlackRock!
$100k before the Halving?
Pack it up guys, it's over. #Bitcoin crashed.
Avg. ETFs Net Inflow: +4.4k BTC/Day 🤯
Order of magnitude of 1st Halving.
ETFs Net Inflow: +14.6k BTC
-Massive inflows to BlackRock: +11.9k!
-Reduced outflows of Grayscale 👀
Strong start of the week for ETFs: net inflow of +7k #BTC
-Cumulative holdings crossed 800k BTC.
-BlackRock's now holds over 200k BTC.
-Grayscale dropped below 400k BTC.
-Large inflow to Van Eck due to year-long zero fees.
+7k BTC Net Inflow to ETFs: Fidelity records its biggest inflow yet, while Grayscale sees continued outflows.
Net inflow of +10.5k #BTC to ETFs.
BlackRock's largest inflow to date, +12.6k!
ETFs net inflow 8.3k #BTC
Despite substantial Grayscale outflows, likely due to the Genesis bankruptcy, BlackRock and Fidelity easily offset these outflows!
Recovery Progress 99%. #Bitcoin
The #Euro reached a new low.
1 Euro still buys you 1670 Sats, on the way to 1000 Sats.
#Bitcoin
Final day of the week sees a net -2.2k outflow due to heavy GBTC outflows, possibly linked to the Genesis bankruptcy. Reasonable amount of inflows mainly by BlackRock.
Wonder why price plateaued the past 24 hours?
Nearly 10k BTC outflows of Grayscale.
This was offset by mainly BlackRock inflows,
resulting in (only) a net +1.5k BTC inflow.
Outflows of Grayscale are possibly due to the Genesis Bankruptcy (a total of ~25k BTC).
Follow my ETF Tracker for live updates.
...and another one: +11k #BTC net inflow to ETFs!
-Record-breaking daily inflow to BlackRock: over 10k.
-BlackRock now holds over 150k.
-Fidelity now holds over 100k.
The supply crunch continues: +10k net inflows to ETFs!
#Bitcoin
