This Proves Bitcoin Whales Are Ready To Load Up!

In this video, George reveals whale moves and what it means for Bitcoin.

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0:00 Bitcoin ETF Volume
4:17 Stablecoin Marketcap
5:29 Bitcoin Charts

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We know that ETFs now exist we had three days of volume that was up until yesterday we didn’t today obviously the Market’s still open but overall we had about 10 billion worth of volume now to put things into perspective 10 billion in volume is huge if you take all the ETFs launched in

2023 you times it by three you get $10 billion okay so just just the 12 or 13 Bitcoin ETFs within 3 days alone had 3x the volume of all the ETFs launch in 2023 so that’s fantastic the volume is super high way higher than people expected now that is just volume though

Okay volume could mean buying and selling and unfortunately a lot of that was due to selling from one specific company grayscale at the very first day it seemed like they weren’t a lot of selling from grayscale but now after three days 1 Point close to 1.2 billion of

Bitcoin was sold by grayscale it came out that’s why they’re it’s a big big negative right there right their volume exploded but yeah very very bad now to make up for it you could see that black rock now has 710 million you got Fidelity 524 and then bitwise and everyone else so

Everyone’s basically their pile is growing and it’s growing faster than grayscale so overall what does this mean well it it means that there’s two things uh that this could mean number one is a lot of selling and it’s going into the other ETFs which which makes more

Sense because the other ETFs have way lower fees than grayscale and grayscale they obviously knew this was going to happen that’s why they put their fee at 1.5% everyone else is 0 2% because they knew there’s not a whole lot of people that’s going to be buying grayscales ETF

Everyone’s going to be buying Black Rock and fideli and arcs and bit wise’s uh ETF and number two now this also could be very possible is that a lot of the Insiders that bought gbdc trust early on they couldn’t cash out they couldn’t cash out it was like one big trust where

Only Bitcoin could go in and you couldn’t cash out until someone else bought it uh but the problem is not a whole lot of people bought the trust when the premium was in a negative during crypto winter that means if you sold it you would have lost money

Instantly so now a lot of those insiders are probably cashing out because now they finally have the ability to do so right so yeah that’s just a that’s just a mass amount obviously eventually that’s going to slow down and balance out but if you look at the assets on the

Right side grayscale still holds about 25.5 billion dollar worth of bitcoin that’s a lot but you know someone like great uh someone like Black Rock they have about 700 million Fidelity 500 23 million and so forth right they’re all climbing by Leaps and Bounds black rock

Is already a top 10 holder of Bitcoin Fidelity and all these guys they’re all top 15 top 20 top 50 holders of Bitcoin right so they are rising up in a big way so do I do I think that this is the cause for the weakness for Bitcoin maybe

A little bit but not really not really because it’s obvious that the others are making up for this the inflows is still exceeding the outflows so I don’t think this is the main reason but you know it’s good to good to pay attention to because if that starts outpacing the

Inflows then then we going to have problems they going to have problems besides great scale ETF and all that stuff right we know that stable coins still Skyhigh the market cap stable coins still very very high in fact usdt is Market cap at a at a historical high

Now why is this important well because people are not just buying usdc for the fun of it you’re not going to usdt I’m sorry you’re not going to make money by holding out usdt it’s not going to appreciate it’s going to stay at $1 so why is it

Climbing up well it’s climbing up because there are people specifically whales that’s gearing up to spend it spend spend a lot of it that’s why they’re converting their USD into usdt because they want to get ready in case the parabolic Bull Run starts they don’t want to miss out that’s basically how

You interpret that okay no one is buying usdt because they’re trying to profit from it they’re either taking profit or they’re going to be buying and buying by a boatload right and also in terms of how Bitcoin is moving despite where we are right now we actually you know we’re just going sideways

427 right despite how we’re moving right now this is what it looks like when you zoom out there will be sideways movement there will be slow movement but there’s no doubt we are getting closer and closer to the having event and closer and closer and closer to the the

Parabolic phase that we’re all waiting for it happens every single cycle like clockwork we are basically exactly at the same point as we were the last cycle before we headed up to 64,000 and the cycle before that when we headed to 20,000 and a cycle before that

When we headed to 1,000 this time around it’s going to be no different the gains are a little bit less I mean previously the first cycle we saw 12 12,600 per gain from the having event or 3 months before the having I’m sorry the second cycle 3 months before the having event

To the top 4,500 this last cycle 3 months before the having till the top, 1600 let’s just round up 1700% and we’re 3 months away from a having event so if we’re measuring from now to the top and we go just 400% not even 10,000% not 500%

400% that will put us to like 200 250,000 it’s not unreasonable when you throw out numbers like 200 250,000 a lot of people just laugh at it it’s like no way it’s no way we’re going to go there it’s just way too high there’s not enough liquidity it’s not going to

Happen but if you look at how high Bitcoin went previous times even with the dimension returns factored in that’s just how Bitcoin goes that’s just how it rolls Bitcoin does not care PE about people’s doubts it just does what it does right let’s keep in mind three months before to having in

2020 okay remember that was that covid crash Bitcoin was below $4,000 and it went from $4,000 and eventually ended at $69,000 okay even at that point when Bitcoin was at 4,000 people had a hard time believing it’ll even climb back to 20,000 people were like nah it’s 4,000

It’s stock will go back to 20,000 it can’t even break 10,000 what are you talking about George and I was saying we’re going to go way higher than 20,000 guys way higher I thought 100,000 we came close but not quite there because the FED started raising rates but we

Certainly broke 20,000 this time around we’ll certainly break 70,000 we will break 100,000 this cycle and then things will get really nutty and really fun afterwards so just wait for it just wait for it