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/biz/ - Business & Finance

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58613175 No.58613175 [Reply] [Original]

The ETFs alone (IBIT, ARKB, HODL(VanEck), EZBC, BTCO) together bought more BTC in a WEEK than miners produced in a YEAR. And they keep buying. Tell me why the BTC price dumped a bit now. It makes little sense. Who's doing the selling? Exchanges?

>> No.58613186

>>58613175
I dunno. I've been expecting a supply crunch for so long, but it just ain't happening.

>> No.58613203

>>58613175
>>58613186
btc has no use, so the entire supply is dumped on retarded boomers

>> No.58613212

>>58613175
Retail is nass selling like every summer, check alts. Without etfs buying we would be way below 50k.
Etfs are basically exit liquidity. Let's hope in autumn we get a last run.

>> No.58613213

>>58613203
Its irrelevant wherever it has a use, the etfs buy more than what is produced so something should happen

Unless theres some fuckery going on

>> No.58613217

ETF positions are delta neutral because they short futures while they buy spot.

>> No.58613220

>>58613213
the entire supply is there to be bagholden
production makes no difference
it has no use - no limit valve

>> No.58613224

>>58613175
Supply shock is a delayed reaction. People can still go on their exchange of choice and buy btc. Once that isn't the case though we will giga candle to 200k once people actually realize supply is decreasing

>> No.58613227

>>58613220
> money has no use
That's not the answer.

>> No.58613230

>>58613224
Delayed, yes.... but should it dump in the meantime while everyone keeps buying?

>> No.58613334

>>58613186
The coiled spring
A boy holds his hand to flame for as long as he can before suddenly pulling away
>>58613230
Leverage
Bonus: 3% is not a dump

>> No.58614484

>>58613213
>>58613230
Ethereum is deflationary with shitty price action. Nothing has to happen>>58613227

>> No.58614505

>>58613175
priced in

>> No.58614523

>>58613175
No, traders. Much to your dismay most people don't just buy and hold forever.

>> No.58614544

>>58613230
Big players buy otc so people can manipulate the regular market however they want. Volume and liquidity are probably low considering how crabby its been

>> No.58614684
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58614684

No they didn't. They bought ~25k BTC last week, which is around 2 months of emissions. Stop caring about the short-term market noise, DCA on schedule and relax.

>> No.58614688

>>58613203
Fixed Unit of Account, pleb.

>> No.58614722

No, ETFs are an "IOU" btc, they reserves are 1% of what they claim to be, almost none of this money went into buying BTC

>> No.58614997

they are rehypothicating shares or something like they did with gme to sell more shares than actually exist/sell a single share multiple times?

>> No.58616764

>>58614722
Smoothbrain. Arkham doxxed all the wallets