Happy Halving Onwards to 10 Trillion Market Cap - 731 Cycle
3.125 from 6.25.
We did not get the anticipated pre run I thought we would get. Although the start of the bull market from 20k - 64k has been good enough to accept.
We are now entering the final stages of the 731 cycle that can push Bitcoin to a price of 500k-2M USD
The halving drops at the perfect time where we have little days left to complete the 731 Cycle.
Bitcoin has now at todays date
223.77b Cumulative Spot Bitcoin ETF Volume
Spot ETF Total AUM 54.24B / Raw value of Bitcoins 847,500
From January 12, 2024, to April 20, 2024, an average of approximately 8,561 bitcoins were bought per day over the span of 99 days.
Before today the normal was 900 issued Bitcoin per day, after the next weeks
this is now 450 Bitcoin per day.
Bitcoin: Balance on Exchanges (Total) [BTC] - All Exchanges 2,322,533
Minus Spot ETF and funds 1,272,533 Bitcoin left (not including how many aren't for sale we can't calculate this"
If the spot ETF continues buying Bitcoin at the current rate of 450 bitcoins per day, it would take approximately 2,828 days for most of the 1,272,533 bitcoins currently left on exchanges to be bought up.
At this rate if you do the math if the AUM starts to accelerate past 100B in the next months the Bitcoin price has to be over $100,000 to support this demand.
So what AUM level does $1,000,000 become reality? 2.07 Trillion. Possibly before as again I'm counting all of the supply on exchanges that "could be sold" lets say half of this is HODL and never to be sold? well you half the amount. 1.035 Trillion.
As of 2023 US has 21 Trillion USD in M2, Eurozone 16 Trillion USD, China 35 Trillion USD combined today this is over 100 Trillion when you consider the base money.
The Global bond market (not calculated) in the M2? USD 150 trillion FACE value as of 2022.
Derivatives on top of Bitcoin? forget it too much to compute.
Right in the cycle where people are calling for "a near term top" "the steam has left the engine" "the ETF's have slowed down".
Full steam ahead and shatter realities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.