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US spot #
Bitcoin
ETFs recorded a particularly large net inflow of 11,898 $BTC yesterday. This was the largest daily inflow since November 11, 2024, marking a notable resurgence in demand. A brief breakdown of how this compares historically 🧵
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108,380.96
-2.39%
162
0
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More than 420K $BTC now have a cost basis around the $94K level, forming one of the strongest support zones in the current cycle. This dense cluster of accumulation has held firm through consolidation in early May - providing the launchpad for #Bitcoin’s breakout to new highs.
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Despite $BTC trading above $108K with 100% of supply in profit, funding rates remain muted - below neutral at 0.0079%. Across the top 10 coins, speculative appetite is surprisingly subdued as well. Only $XRP and $DOGE show rates slightly above neutral: https://glassno.de/3MVJAGP
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In May, $ETH broke above its Realized Price at $1.9K, putting the average holder back in profit. Price is now above the True Market Mean ($2.4K), a bullish sign - but reclaiming the Active Realized Price at $2.9K remains key for further confidence: https://glassno.de/4mv8IEP
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15 years after Laszlo bought pizza for 10,000 $BTC - now worth over $1.1B - some of that era’s coins are still moving. The >10y cohort’s share of #BTC's Realized Cap fell from peak 0.045% to 0.033%, with steep declines from Dec–Feb and again since Apr 20. #Bitcoin #PizzaDay
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When $BTC hit all-time high yesterday, total profit-taking volume was around $1.00B - less than half the amount realized when #Bitcoin first crossed $100K last December, which hit $2.10B. Despite a higher price, profit realization was far more muted.
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