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Profit from the Short Side

Profit from the Short Side

ByteTree ATOMIC; Issue 1 In this first issue of ByteTree ATOMIC, you will see actionable ideas and a different tone that gets straight to the point. If you do not understand something, then please write to ATOMIC@ByteTree.com, and I will answer your questions. There is no such thing

Remember all that money leaving gold and into Bitcoin? It's heading back.

Remember all that money leaving gold and into Bitcoin? It's heading back.

ByteTree Market Health Update; Issue 78 The price of Bitcoin has recovered back to the $40,000 zone, having touched $30,000 last Wednesday. That was a day from hell, and the bounce will go down in the record books. I will update you on the key things to watch

Revisiting Bitcoin's Macro Links and Valuing MicroStrategy (MSTR)

Revisiting Bitcoin's Macro Links and Valuing MicroStrategy (MSTR)

ByteTree Market Health Update; Issue 76 Bitcoin has much in common with the tech sector, especially social media and other internet-related stocks. I became excited last autumn when Bitcoin started to outperform a buoyant NASDAQ at the time. That saw a three-year relative high (green line break) followed by an

Bitcoin Fund Flows Stall

Bitcoin Fund Flows Stall

ByteTree Market Health Update; Issue 75 I have written much on these pages describing Bitcoin’s sweet spot. Important factors include robust technicals, macro tailwinds, positive investment flows (people buying it), and above all, robust on-chain network data. I shall go through these in turn. Technicals The long-term picture remains

Investors Turn to Fundamentals as GBTC plunges to a 9% Discount

Investors Turn to Fundamentals as GBTC plunges to a 9% Discount

ByteTree Market Health Update; Issue 69 Bitcoin’s blockchain data is our linchpin as it reports the vibrancy of blockchain activity. It has always been the case that a growing network has coincided with a rising bitcoin price and vice versa. That said, the past few months have seen another

The Implications of the Grayscale Discount

The Implications of the Grayscale Discount

ByteTree Market Health Update; Issue 68 The arrival of institutional investors into Bitcoin has been the game-changer. The last Bitcoin halving was a year ago, and since then, these funds have bought more Bitcoin than the miners have generated. Of all the reasons why Bitcoin has been strong over recent

Bitcoin Institutional Flows Are a Game Changer

Bitcoin Institutional Flows Are a Game Changer

ByteTree Market Health Update; Issue 66 In recent months, Bitcoin funds have scooped up all the bitcoins that have been mined, and then some. The miners have been reducing their inventories (tracked by ByteTree) to meet the insatiable demand. In this piece, I will walk you through what is happening