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Kyle Chassé / DD🐸
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BLACKROCK TAKES 8,086 $BTC OFF THE MARKET.
SUPPLY IS DROPPING FASTER THAN YOU THINK.
#BTC
#ETF
Sourced from @kyle_chasse from 𝕏
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118,011.59
0.00%
60
0
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Kyle Chassé / DD🐸
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$100K is becoming the new normal $BTC has held above $100K since May 5th (excluding wicks). That’s 69 days of psychological reinforcement. Less than 4% of the world owns Bitcoin. Even fewer hold 1 full $BTC.
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$BTC HAS BEEN ABOVE $100K SINCE MAY 5TH (EXCLUDING WICKS). THAT'S 69 DAYS OF PSYCHOLOGICAL REINFORCEMENT. PEOPLE WILL START SEEING $100K AS THE NEW NORMAL. LESS THAN 4% OF THE WORLD'S POPULATION HAS BITCOIN. EVEN LESS THAN THAT HAVE 1 $BTC.
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The U.S. added $2.3T in debt this year. Bitcoin added 100M users and hit a new ATH. Tell me again which one is the bubble?
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Bitcoin is no longer just a risk asset. When the Fed slows liquidity, $BTC still rips. Institutions are watching. Retail is asleep.
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Bitcoin ETF inflows hit $2.4B this week. BlackRock: $54B in $BTC Fidelity: $12B in $BTC Grayscale: still bleeding. 48M Americans now hold BTC. Shorts liquidated: $192M in 24h. Resistance at $120K. Next stop $130K?
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