ETH ETFs Could See $5B in First 5 Months (Core Strategy Rebalance)

Jun 27, 2024 • 9 Min Read

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:

  1. Mt. Gox – 141,686 BTC
  2. US Government – 8,100 BTC
  3. 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 just how low we could go....

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

Keep reading by starting your Free Trial today!

You are reading the last free article.

Already have an account? Sign In