plebiANON on Nostr: This chart always stuck out to me during the great downward chop of 2024. ETFs ...
This chart always stuck out to me during the great downward chop of 2024. ETFs gradually up, chop gradually down. Bottom line, there is way more at play than the ETFs. They are a small percentage of the active degen market and actual buyers and sellers. They are basically just a nice, growing addition to the floor. I don’t think there is any other way to think about them.
Published at
2025-01-15 02:10:54Event JSON
{
"id": "319615569e359fbf96ddcdfe398340c45e805312500f66cfb5cfb25b99305ca7",
"pubkey": "880f967145ab66b53d9dc279d44a9722ba875d232c73f3df4707d1e79c4336ce",
"created_at": 1736907054,
"kind": 1,
"tags": [
[
"e",
"9668b9dad44f86dc265e1b262a8ca5f63d32308885dbc1a35a53fe3588f08a1d",
"",
"root"
],
[
"imeta",
"url https://image.nostr.build/8902d19a007ce4d49e8a6b9d82d3278e9a0260ab03f5ba9c7024082aed17c5ac.jpg",
"blurhash eXP%R|~p%May%L~WRjD%ofRk?bD%t7t7Rj01xt?HM{s:?bWBIURjof",
"dim 1290x1527"
],
[
"p",
"f4d89779148ccd245c8d50914a284fd62d97cb0fb68b797a70f24a172b522db9"
],
[
"r",
"https://image.nostr.build/8902d19a007ce4d49e8a6b9d82d3278e9a0260ab03f5ba9c7024082aed17c5ac.jpg"
]
],
"content": "This chart always stuck out to me during the great downward chop of 2024. ETFs gradually up, chop gradually down. Bottom line, there is way more at play than the ETFs. They are a small percentage of the active degen market and actual buyers and sellers. They are basically just a nice, growing addition to the floor. I don’t think there is any other way to think about them. https://image.nostr.build/8902d19a007ce4d49e8a6b9d82d3278e9a0260ab03f5ba9c7024082aed17c5ac.jpg ",
"sig": "e043a1ec00ac81e4d3c28b24f066d1a1da7f16fa081c143cc1e2f1d90d3a8c109a6a113d913521d6c9b302ff00fc87d3e4ac55e14a2790ac9eefd8d51035dbf8"
}
