Crypto Tree 💰

📣 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.