In a delightful little post on X, our clever CryptoQuant analyst, Maartunn, has spilled the beans on how the Bitcoin supply has been playing musical chairs between the short-term holders (STHs) and the long-term holders (LTHs). 🎶
According to the prediction market Polymarket (because who doesn’t love a good gamble?), there’s a whopping 98% chance the Fed will keep rates steady in June, and nearly 87% think July will be a snooze-fest too. While inflation is taking a chill pill and GDP growth is strutting its stuff, Chamath insists the Fed is just being politically cautious. Because, you know, who wants to rock the boat before an election? 🚤💨
As of now, the probability that the U.S. will strike Iran by June 30 is sitting at a comfy 46%, down from a dramatic high of 66.9%. Talk about a rollercoaster of emotions! 🎢
Now, what exactly is a golden cross, you ask? Well, it’s when a faster-moving average decides to play leapfrog over a slower-moving one. In this case, the 50-day exponential moving average is about to give the 200-day EMA a friendly nudge. It’s like watching two tortoises race, but one suddenly remembers it’s late for a very important date.
According to the ever-reliable oracle known as Yahoo Finance, the stock, which flutters under the ticker SRM, has reached dizzying heights following Mr. Sun’s announcement that his blockchain enterprise is poised to go public through a reverse merger with our dear Florida-based company. One can only imagine the confetti raining down in the boardroom!
The event, orchestrated by the venerable America250—an official body tasked with the solemn duty of commemorating this significant anniversary—was graced by sponsorships from a host of well-known enterprises, including the likes of Palantir, Lockheed Martin, Walmart, Coca-Cola, and Chrysler. Quite the gathering, one might say!
With a following of 153,800 on the platform X, our dear Dave insists that Bitcoin is destined to follow his logarithmic growth channel (LGC) curve, aiming for a staggering all-time high of $220,000. Yes, you heard it right! Just when you thought it was safe to go back in the water, here comes the big fish! 🐟
Now, Novogratz, with all the gravitas of a seasoned oracle, pointed out that gold, that old reliable shiny rock, is lounging comfortably at around $20 trillion, while Bitcoin is still a sprightly $2 trillion. Quite the disparity, wouldn’t you say? It’s like comparing a grand piano to a kazoo! 🎹
Earlier this month, both camps tried to settle up with a joint motion about Ripple’s fine. But Judge Analisa Torres saw through it and sent them scurrying back to rewrite their essay. Too many regulatory boo-boos, not enough groveling, apparently!
While we’re not quite in bull mode yet, ETH has shown remarkable fortitude as it wrestles with extreme drawdowns. This steadfastness has piqued the interest of both retail and institutional investors, who are probably just as confused as the rest of us.
