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Right on cue here comes the dump to liquidate the longs…

Https://farside.co.uk/?p=997

ETF update: Grayscale dumped $303m yesterday after all the youtube 'experts' came out and said the big dumping days are over now.:-)

(I wonder if they face palm themselves every time they wake up and see that the data flies in the face of their predictions or if they are so immune to it now they just don't care and just spin another narrative to justify their comments?)

Net OUTFLOWS of $223m has stalled the bitcoin rally but the numbers from Blackrock and Fidelity look artificially low - will probably catch up later in the week. In the meantime there might be a push to the down side for bitcoin to liquidate the longs before moving up again, just like it shot up yesterday to $72k to liquidate the shorts.

Not long at all now until the halving - exciting days ahead.

So bitcoin at 71.7k and the miners are all going negative since previous close Friday. You could not make it up :-)

So it continues up and a nice push to $72k but this was where the liquidity was building up - lets see if bitcoin can hold or even consolidate here for a few hours or days else etcs just another fakeout and we will be back to 66k again.

Must say the halving is getting proper close now - exiting - I hope this is the start of the parabolic run but we've had a few false starts now.

Here we go again! 👏

Funny how all the youtube 'experts' were all talking about moon time not more than 24 hours ago due to the decent closing monthly candle for btc - of course every one of them did not predict this dump. Makes me laugh why people follow them - flipping a coin is just as accurate short term. They are all using the same charts and public news so of course they are all aligned. Then behind the scenes this is still so easy for whales to mess with the price for liquidity grabs etc. Leveraged and /or short term trading really is a mugs game.

I see Grayscale continues to dump another $300m yesterday and we start the new month with an OUTflow from the main ETF's which is a little disappointing. Again the 'experts' are starting to run out of reasons why such a large dump continues day after day. Im sure they will find another FTX or Genesis type reason soon...

Medium / Long term all still seems good - roll on the summer - Im slowly learning to just ignore all this noise in the meantime. No doubt the 'experts' starts declaring a massive dump will continue and hence btc will rocket back up again :-)

Https://youtu.be/pKT83tHrGa0?si=5QkWHqfjKkd5RU4D

See question from 22m 20s in this interview with Galaxy CEO. Hes talking about Helios right? I thought they just bought the site and Argo were doing the mining but hes implying Galaxy have the cheapest cost to mine mining operation.

Am i misinterpreting what hes saying?

Galaxy results were last Monday i think so this vid is a week old.

Argo was up even more than 35% - but it pulled back a bit. There was a lot of volume but it only shot up in the last 10 mins of trade - very odd- before that it was pretty much in line with the general market.

I see cleanspark is down 8% on the day and down another 10% after hours - another ATM annocement so expect those shares to be depressed next few trading sessions if it’s anything like Mara or riot

Hmm - might have spoken too soon on MSTR recovery - who would be a day trader eh?!

Good call longinvestor - looks to be coming back and if bitcoin suddenly rips again there could be a monster short squeeze on mstr

Hmm - pretty damning report though .. not sure it will just recover after that... maths is maths...

Wow - this is really getting ugly now on a daily basis for mstr -11%

Looks like a rotation out of MSTR into miners - no other way to explain the dump of +3% to -4% in less than 30 mins earlier and its not recovered - all this whilst miners are leaping and bitcoin is looking very strong at 71.4k

You will get a short squeeze in Mara at some point - which is why trying to time an entry point can be costly.

People are buying MSTR because they also dont have to worry about the halving.

Https://farside.co.uk/?p=997

Well great start to the week of net $418m inflows - and even better a good contribution by all totally swamping another $212m outflow from Grayscale. Another day of drainage closer to it stopping - and then we could see some really big inflows daily.

Bitcoin looking strong - hopefully a push back over 71k today and another few days of good inflows and positivity and maybe we see another ATH in time by easter, or at the very least consolidation nicely above the previous 69k ATH.

Mara lagging , MSTR doing this thing but all should rise if this continues.

👏

..and here comes the sad trolling that a select few just cannot let go... getting close to multi person filter if it kicks off again.

Both.

Also Argo is 12p a share so we are talking £30-40k trade here so not going to be ground breaking.

There is every chance Argo will go up as bitcoin goes up in the short term - no one is denying that. Just medium and long term people are worried (hence why its still 12p with bitcoin at $67k)

Https://farside.co.uk/?p=997

More strangeness with the bitcoin ETF’s. Black rock and Fidelty have one of their lowest inflow days ever despite huge actual volume for 3 day straight. Grayscale continues dumpage and again we have net outflows but this time bitcoin seems to be holding steady at 67-68k.

Fingers crossed for another good day or at least a day of consolidation.

Love to know what’s going on with the ETF’s though - seems to have ‘broken’ the model for volume vs inflow predictions as of late…

you’d have thought after an epic day like today where everything is up nicely there would be giddy chat and happiness. what a **** show the last page of posts is!

lets hope the etf flows are more positive and bitcoin stays strong overnight. dont particulary enjoy feelings like this morning when waking up to bad data - even if today proves how short term it can be.

time for a beer or equiv for those who partake. imagine where the miners will be next time we hit ath properly 🍺🥂

Note that bitcoin ETF's are currently flat @ 64.3k bitcoin price. So miners are all having a great day today up 5%+ on average, bitcoin up 0% exactly.

Sentiment or short covering - something has changed.