steve on Nostr: On the week, that’s a net +30,056 BTC. At a very rough average price of $55,000 ...
On the week, that’s a net +30,056 BTC. At a very rough average price of $55,000 that’s $1.65B. If the average market cap for the week was $1.1T, the week’s inflows were ~0.15%. It’s not clear to me that we’ve started to see meaningful ETF inflows yet. I think the pump M-W was mainly supply: LT hodlers staying disciplined.
Published at
2024-03-02 17:24:59Event JSON
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"content": "On the week, that’s a net +30,056 BTC. At a very rough average price of $55,000 that’s $1.65B. If the average market cap for the week was $1.1T, the week’s inflows were ~0.15%. It’s not clear to me that we’ve started to see meaningful ETF inflows yet. I think the pump M-W was mainly supply: LT hodlers staying disciplined.",
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