Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Exactly. It's currently a drop in the ocean. As predicted by much of the media, it's barely relevant, much like when Bitcoin Futures initially launched. The interest was almost non-existent.
I am seeing some data that contradicts this. Like the fact the Bitcoin ETFs pulled in over 1.2Billion in the first 30 minutes of trading. This is nothing like the futures launch. At least not yet. I suppose if the inflow stops there it could cool down?
And:
https://twitter.com/JoeConsorti/status/1745527450358989212
Indeed it was a spectacular launch. There are rumors that known large Bitcoin holders are being contacted and asked if they’ll sell their BTC at a large premium in order to meet demand. Apparently there’s a lot of BTC that needs to be purchased with the money brought in from these funds. I’m no expert in how it all works (yet) but if true we could have a genuine supply squeeze on our hands in as soon as an hour. My advice is to not sell your BTC to Wall Street until it can change your life.
https://x.com/bradmillscan/status/1745515552234184775