What’s up with the 2024 Bitcoin supply? Not much time before the halving! Well, visualizing the first 7 days of trading for the Bitcoin ETFs.
🟩112,000 Bitcoin bought by ETFs 🟥Grayscale has sold 67,000 Bitcoin ⬜️27,000 Bitcoin are mined per month today 🟧13,500 BTC will be mined per month in 85 days
BlackRock alone has bought over 1 month's worth of newly mined coins in 7 days of trading!
Once the Grayscale selling slows, the supply shock will melt faces.
Not to mention all of the psychopaths like me HODLING to cold storage daily!