Excellion on Nostr: The most important thing with the #Bitcoin ETFs that most people seem to miss is the ...
The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation.
The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.
IBIT’s average stack is ˜$200M/day or 4.7k BTC.
FBTC’s average stack is ˜$175M/day or 4.2k BTC.
So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month.
But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply.
And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs.
Plan accordingly.
The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.
IBIT’s average stack is ˜$200M/day or 4.7k BTC.
FBTC’s average stack is ˜$175M/day or 4.2k BTC.
So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month.
But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply.
And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs.
Plan accordingly.