ETH ETFs Could See $5B in First 5 Months (Core Strategy Rebalance)
Jun 27, 2024
• 9
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Lessons From OPEC
We have witnessed a significant market panic partially related to formerly locked BTC hitting the order books. The major sources of supply include:
- Mt. Gox – 141,686 BTC
- US Government – 8,100 BTC
- German Government – 50,000 BTC
At current prices, this would equate to over $12 billion in supply.
This threat, combined with an inhospitable macro backdrop (rising DXY, higher rate expectations, hawkish Fed), has brought BTC down to around $60k, with altcoins experiencing outsized declines. From our perspective, it seems that investors are now wondering ju...