atomic

ATOMIC 45 I showed GBTC last week with the discount narrowing to 25%. Well, it’s now 22%, which is notable. For whatever reason, GBTC has found a bid. ByteTree ATOMIC Analysis of Technical, On-chain, Macro, Investment Flows and Crypto. Highlights Technicals Avoided the worst On-chain Contracting Investment Flows GBTC

ATOMIC 44 The dollar rally is the problem. It started at the beginning of April, which stalled the bitcoin rally. A 2% rise in the dollar index has translated into a 17% bitcoin correction. Ouch. ByteTree ATOMIC Analysis of Technical, On-chain, Macro, Investment Flows and Crypto. Highlights Technicals Slump On-chain

ATOMIC 43 The only time we have seen net positive flows was around the launch of the Proshares Bitcoin Futures ETF (BITO). This rally was rational, as had the SEC allowed bitcoin ETFs, we might have seen a period of sustained net demand. We didn’t, and so the green

ATOMIC 42 The MicroStrategy premium exceeded 200% in February 2021 before easing back. It then rallied to 150% in the summer and has since dropped to 22%. If you believe the software business is worth $2bn, then there is no premium at all. ByteTree ATOMIC Analysis of Technical, On-chain, Macro,

ATOMIC 41 Right now, another $800 million per month from institutional investors would squeeze the market higher. This is doable. If the institutions finally do the right thing and allocate a small portion of their client’s capital to assets that will remain relevant in the 21st century, then we’

ATOMIC 40 Whatever your personal feelings for Putin, the financial system will change. The list of countries that would gladly opt for Star Alliance over One World is growing. Why would China buy treasuries now, knowing they can be weaponised at a later date? BYTETREE ATOMIC Analysis of Technical, On-chain,