Crypto Tree 💰

📢 Robert Kiyosaki: “BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction”

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SEC ASKS EXCHANGES TO UPDATE 19B-4 FILINGS ON AN ACCELERATED BASIS FOR SPOT ETHER ETFS: COINDESK Its time for eth etf 👀👀

Bitcoin back above $67k 🤝

📣 Bitcoin Spot ETF saw an inflow of $303 million on May 15.

Etf positive now 🔥

Coinbase retail volume The Coinbase earnings call last week also revealed other interesting statistics regarding the volume on the exchange and retail interest, While Coinbase beat its earnings significantly, with a quarter-to-quarter revenue increase of 72%, recent data shows that this surge in revenues is a result of an increase in institutional volume rather than retail volume as Coinbase serves as the custody partner for many BTC ETF providers. The data shows a that retail volume on Coinbase is still low if we compare it to 2021. In Q1 2024, retail volume on Coinbase was just $56B out of $312B total, or around 18%. This is 58% lower than the volume at the peak of the last bull market. For reference, average retail volume was $133B in 2021. In Q1 2021, during peak alt-season, retail volume was 120B, which contributed to 35% of the total volume on the exchange. Why is this important to us? For two reasons: First, we want to accumulate alts as long as retail is not interested in crypto. Second, the data gives indications about why ETH/BTC is still trading around bear market lows. Institutional clients on Coinbase mostly trade BTC. We can assume that most retail investors trade alts, but given their low participation in the market, most of the volume is still centred around BTC, which could explain why BTCD is still high and why we haven't really seen a large rotation to alts yet. For a real alt-season, I think that retail volume needs to increase in the next months. Because of the higher level of development and adoption compared to last cycle, I would expect even higher retail volume than 2021. Is that going to happen? Likely, but not guaranteed. I would expect retail volume to increase once BTC starts trading above its all-time-high, which is why I believe that a potential alt-season will highly depend on the performance of BTC in the next months. Nevertheless, we have to build our spot bags now rather than at peak retail interest. @cryptotree07

Trump in office crypto will pump hard — elections in the fall will be massive catalyst for crypto. Patience @cryptotree07

#PHB 🔥🔥🔥🔥 More then 50% Profit Just in few days ✔️ Keep turn On 🔼🔼🔼🔼🔼

$GBTC w/ first ever POSITIVE day +$63 million ✅

#phb : Buy​​‌‌‌‌​‍‌​​​‌‌​‌‍‌​​‌‌​‌​‍‌​ PHB 1.55 stop 1.46 If close 15 m below 1.46

Hangover completed

💸bitcoin halving officially completed. Hurrah.

Btc etf : potentially first Asian BTC ETF is set to launch as soon as tomorrow... @cryptotree07

Not saying this happens but based off previous price action when wars happen this is what we have seen across markets. So relax.. it should get up soon.. and i already hinted .. something was not right. That's why posted 62k ... Though we need to hold it here. Otherwise 50-55k since war is always scary... @cryptotree07

JUST IN: $130 million liquidated from the crypto market after Iran launched an attack on Israel.

Update: Iran tensions without a doubt causing fear and uncertainty in our markets. Not the one to take this too seriously but it has without a doubt played a role over the past 24 hours. Expecting this to have huge impact on TRADFI come Monday open. Unprecedented headlines - staying out for this weekend - can't really do anything during these moments. @cryptotree07

📢In the past 24 hours , 297,302 traders were liquidated. 🟠The total liquidations comes in at $925.76 million 🟠The largest single liquidation order happened on OKX - ETH-USD-SWAP value $7.19M

#ena ; strongest coin in this dump cp 1.29 USD. 👀

#ray 🔤🔤🔤🔤 Buy : 1.92-1.937 Sl : 1.827 Target : chart.. @cryptotree07

#tao : 130% up and listed on binance today. Our buy zone was 315 USD ☄️☄️☄️ @cryptotree07

Binance Will List Bittensor (TAO) with Seed Tag Applied https://www.binance.com/en/support/announcement/dd856efc9c1a4a209eb48992e190e4d6 Binance listed #tao ✔️✔️

🇺🇸 SEC to file lawsuit against Uniswap, issuing a Wells Notice to the company. @cryptotree07

🔤🔤🔤🔤 CPI print for March - Update CPI came in at 3.5%, which is above expectations. The market was expecting a higher CPI print that last month, but it even passed the latest expectations. This means that scenario 1 is unfolding with the dollar pumping while BTC is dropping. This is not ideal in the context of possible rate cuts by the FED, as inflation is not slowing down. I will soon share an analysis on what this data means in terms of macroeconomic developments and how that could impact the crypto market on a higher-time-frame. I suggest you remain cautious in trading leverage. @cryptotree07

#bitcoin : CME gap filled, thanks to CPI i.e 3.5% 🫠

🔤🔤🔤🔤🔤 BTC ETF flows The trend in BTC ETF flows has definitely changed in the past weeks. While February and early March were strong in terms of inflows, late March and early April have been characterised with lower inflows, while outflows remained consistent. That is mostly due to the decreasing interest of BlackRock customers in purchasing BTC, while Grayscale kept selling its BTC assets. The latter also consistently sold BTC in February, but these outflows were outweighed by the large inflows. These inflows are not as present now, which puts more weight into GBTC outflows. Apart from April 5th and March 27th, inflows from BlackRock were below 200M each day in the past 2 weeks. The average daily inflows for BlackRock are now at around $246M, while the average daily outflows from Grayscale are at around 265M. I think this needs to reverse at some point, possibly once we start trending again in the market., the market will remain choppy and uncertain as long as Grayscale keeps selling BTC at this scale. However, good news is that they will not be able to sell forever. That is why we focus on the HTF PA. You can follow the balance sheet of Grayscale in real time here: https://bitcointreasuries.net/entities/50 @cryptotree07

🔤🔤🔤🔤 CPI for March: Playbook Apart from heavy GBTC outflows, another key reason why these days might be choppy in terms of price action is the CPI data release scheduled for tomorrow. That is an important macroeconomic event in the context of rising inflation and possible rate cuts later this year. Cpi is the key matrix used by the FED to educate their decision regarding interest rates. As such, it heavily impacts the dollar and traditional financial markets, including crypto. Expectations for this month are at 3.4%, which is higher than last month’s print at 3.2%. That means that the market is already anticipating a higher inflation print than last month. - CPI comes in above 3.4%: Negative, possible bounce by the dollar. LTF sell-off for BTC. - CPI comes in at 3.4%: Neutral, rather negative for the macro. - CPI comes in below 3.4%: Positive, possible drop by the dollar. LTF bounce for BTC. If CPI comes in above expectations, it means that inflation has risen even more than expected by the market. That will be bearish for BTC on LTF, as it will fuel another bounce for the dollar. If CPI comes in below expectations, it means that inflation has grown at a slower pace than expected. That is rather bearish for the dollar, and more ideal for BTC. CPI at exactly 3.4% will not be as relevant for LTF price-action, although on a macro scale it suggests that inflation is far from the 2% target of the FED. We do not know what CPI will be for March, so it is not wise to try and front-run the data release. If we get the first scenario, we might experience a sell-off in the crypto market. I think that will be a good buying opportunity as it will mostly be an overreaction by the market. However, remember to wait for stocks to open before entering any new leverage trades, as they will always react to the CPI print which is released 1 hour before stocks open. That typically impacts the price action of BTC, As such, I suggest you remain cautious while trading. @cryptotree07

#hashai : nearly 3.5xx from our buy zone, we don't need daily trades, instead higher percentage plays... Cheers guys . Our buy zone was .00084 USD and now you can see it.🔥💥💥 It was our premium signal. More to come in premium.🔼🔼 @marcuscubin📌

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#dsync : currently 30% up. 📈 Contact premium enquiry to @marcuscubin. Or I might give more alpha soon. Let me tell you #hashai is not finished yet. @cryptotree07

#dsync shared in premium, went to 30% gains and running , in a day. 💥💥

#hashai : premium signal shared in free to give you all the vibes, how hard we printing. And what we are about to do in this bull run. 120% gains 😆 in 8 hours in this ai play. Hoping you guys also made it. Its not a time for 20-30% play . It's time to 2-5x of your portfolio. @cryptotree07 @marcuscubin 🙂

62 k ▶️

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🟥The U.S. Government has just moved 30,174 BTC to Coinbase

📢In the past 24 hours , 79,530 traders were liquidated. 🟠The total liquidations comes in at $216.04 million. 🟠The largest single liquidation order happened on OKX - ETH-USD-SWAP value $7.00M

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💸#BITCOIN_UPDATE : ➡️ BTC halving event: The BTC halving event is happening this month on April 19th. this represents the most important event for BTC this year. As I have suggested before, BTC has historically performed better after the halving event, compared to the period before the halving event. I see that there is a lot of noise about this event. There are many market participants trying to predict the price action of BTC before and after the halving. In fact, nobody really knows what will happen. This is a market of probabilities, not a market of certainties. There is a high probability that BTC will trade similar to previous post-halving periods. As such, any correction in the next few days will be for buying, if you are betting for more upside for BTC after the halving event. 🖥 ETH ETFs: ETH spot ETFs are currently not among the key topics in the market. The reason for that is that the sentiment around them is rather negative and many expect the SEC to not approve ETH ETF applications as it considers ETH a security. In addition to that, the SEC keeps delaying its decision. However, that is nothing extraordinary as it has delayed its decision regarding BTC ETFs until the final deadline. We all know how that ended. BlackRock keeps talking about ETH ETFs and has teased several times that more ETFs can follow in the next few years. BlackRock typically never gets their ETF applications rejected. I think that an approval of ETH spot ETFs in May is crucial for alts, as that could be a catalyst for capital rotation from BTC to ETH and alts in general. 🔼 BTC monthly close: As you may have noticed, BTC just recorded its highest monthly and weekly close in history. Psychologically speaking, that is very bullish as BTC now has an additional clear support level, which is the previous highest weekly close at around 69K. This suggests that April could be a month where we can see higher levels for BTC, but that is certainly not a guarantee. This does not mean that BTC will not wick to lower levels. What counts are the weekly and monthly closes, which ideally will be above the previous ones for more upside in the next weeks. 🔍Ultimately, there is still a lot of uncertainty in the market simply because BTC has been chopping around for a couple of weeks. If you ask me, I would say that you focus on building your spot positions, instead of trying to catch every LTF move on leverage. The likelihood that you will outperform the majority of the market by holding spot is really high. The macro outlook still looks really good, and you will most likely be able to catch any explosive move in the next weeks by holding spot, rather than by trading leverage. @cryptotree07 👑