Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by El duderino_ (10) ,LoyceV (4) ,hisslyness (2) ,vapourminer (1) ,JayJuanGee (1) ,JimboToronto (1)
Today, the market is dumped ETF seems not to make difference to the price tho
https://twitter.com/WhaleWire/status/1748065165491188212
what do you guys think?
https://twitter.com/WhaleWire/status/1748065165491188212
what do you guys think?
I think that this twitter poster does not know "maf":
0.001% is 1/100000 of value.
1/100000 of about 800 bil is 8 million.
I am 100% sure that more than 8 mil was deposited into ETFs.
In fact, it's more like 80-100X of 8 million.
Correct. The correct value is 0.1%, and that is the daily trade value, not what is held, which is probably higher.
The total gold ETF market cap is 1.7% of all gold.
I'd say BTC has done well getting 5+% of that share within a week.