Bitcoin Accumulation Is SKYROCKETING

In this video George talks about Blackrock, Grayscale and BTC whale moves as well as what to expect in the coming months for Bitcoin.

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0:00 Bitcoin ETF’s
3:00 ETF BTC Wallet
4:29 Bitcoin Whales
6:02 Bitcoin Halving
8:13 Bitcoin Cycles

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So what’s going on with the dumping is gray skill you know have they stopped well the answer is no so looking at yesterday day nine the good thing is The Dumping is slowing down but there there is still a lot of dumping grayscale dumped about 429 million yesterday and

Unfortunately even with additions into the other ETFs it wasn’t enough to overcome the 429 million so we had a net loss of 158 million coming out of the market rather than going into the market but you could see that it has slowed down the day before it was like 600

Something so hopefully you know we’re going to find that equilibrium soon right last night I talked about a lot of theories about whether or not it was FTX that sold the most or dcg the parent company of grayscale if they sold the most we don’t know but right now after

Day nine after a little bit more than a week grayscale has dump 4.4 billion billion with a B out of their fund so that brings him down to about 20.2 billion 20.3 billion overall net flows after 9 days is still positive 824 million so that’s good more went in than

Out but yesterday for last two days yesterday and day before we had more outflows and inflows here’s the thing eventually it’s going to stop gray scale is not like the Federal Reserve okay they can’t just print more money they can’t even print more shares if they wanted to without adding more Bitcoin so

At some point this is going to stop there’s going to be an equilibrium where they don’t sell more than they take in and then that’s when that selling you know pressure just dissipates and that’s when Bitcoin can come back up again but right now all eyes are on Gray scale

They’re there’re just a lot coming out but here’s here’s the thing yesterday was interesting because Black Rock didn’t add as much Bitcoin as Fidelity Fidelity added Double Black Rock yesterday so they’re close Black Rock holds 1.8 billion and Fidelity holds 1.6 billion and plus the others are still

Gaining Arc is over half billion in their fund bitwise is at basically half a billion and others are picking up overall these big institutions they’re still loading up on bitcoin I’ve been saying this for a while ever since I mean I’ve been saying it for years but

Ever since the introduction of ETFs it has accelerated I mean these guys will continue to load up they don’t care about volatility in fact they they embrace it they rather see the market go down so they can accumulate more cheaply that’s the right mentality unlike most retail investors they do the opposite

Right but there are a lot of accumulation right now now something that’s really interesting out of bitwise is this they gone ahead and announced their their wallet address so you know most of these big boys they don’t tell you anything they hide everything they don’t want you to know but bitwise they

Were the ones that first came out and said that they were going to donate a portion of their profits to the Bitcoin developers to the community I think they said 5% or something which is fantastic and now they just gone ahead and released their wall address so everyone

Can track it and knows exactly how much is in it right and right now it’s $465 Million worth is about $ 11,858 there’s no guessing you don’t need Arkham to go in and try to find all the wallets or anything like that they’re just they’re just letting you

Know that’s fantastic if all the fund companies does this it would be absolutely fantastic but I have a feeling that black rock is not going to be sharing their address but you know eventually Arkham could find it anyways right um but I’m I’m more interested in the in the wallets they’re not holding

The funds uh BTC but like their own individual private stash of BTC because I I I feel like a lot of these a lot of these uh institutions have separate wallets with a lot more billions upon billions upon billions of Bitcoin in there we just don’t know not yet I think

Eventually come out outside institutions whales are still loading up if you look at entities with over 1,000 Bitcoin in their wallet um it’s going up it’s going up by the hundreds so ever since like a few weeks ago so the whales out there are definitely loading up a lot of examples

You could look into whale alerts or whatever you see a lot of transactions like 10 million 50 million 100 million going going into binance or coinbase or whatever right of usdt what are they doing they’re buying Bitcoin and crypto with it and they’re loading up right now because they’re not discouraged I’m not

Discouraged hopefully none of you guys are discouraged about the recent price dump because we know there’s so much goodness coming we’re moving exactly like how we should despite despite some of the the fud that has come out and become rampant in the space right so the whales are still loading up

As well retail I know I don’t have any figures right now but retail uh most retail investors that have been in it for at least a few years also not discourage the number of holders basically all-time high number Bitcoin being held for 6 months a year three

Years five years all-time high so that’s the good thing but I I’m fearful of the new retail investors that have fomed in recently now they’re be becoming the discouraged and they’re leaving and they really shouldn’t be so here’s one example of Bitcoin Moving On Track and this is actually really uncanny but if

You look at it 80 days till the having event back in 2016 Bitcoin was still 62% down from its high in 2020 80 Days From the having event Bitcoin was 52% down from its previous high and right now we’re 80 days away from the having event

And we’re 42 % down from our previous side so do you see the pattern there every single cycle right we’ve been recovering faster or you could argue we haven’t dumped as much as before right but again we’re moving according to plan we’re moving exactly the same way as before 80 days

Prior to the having event we’re we’re much closer to the previous High than the bottom right we’ve been recovering it has always happened and then what always happens after a having event you know that parabolic rise up and that is coming up too that’s not going to change

It’s just a question of if it happens right away or we have to wait a few months that’s the thing in 2020 we had to wait about four months after having event before Bitcoin really took off so this time around but in 2017 that’s not the case in 2017 things just

Kind of took off immediately um or 2016 I should say so we’ll have to see after this time after Mar uh April or we’re going to have to wait until August or September to see that parabolic rise or do we just see it starting in you know May June July we

Could because it correlates with the timing of the Fed rate Cuts but we’ll see anyways my point is this yeah Bitcoin doesn’t care Bitcoin doesn’t care about macro conditions or it doesn’t care about fud doesn’t care about whale manipulation Bitcoin is just pure it’s code and uh it’s beautifully

Designed so that it it accomodates everything and it just going to keep on moving forward and that’s not going to change and how far forward is it going to go well you guys know that every four-year cycle well some of you guys know every four-year cycle basically you

Have one nasty year that’s the year where Bitcoin comes down from top it forms a bottom and then it goes into recovery mode for about 3 years now what’s interesting is one of those three years is basically getting to where we are now right from the bottom and now

We’re getting to close to the having event and then for the next two years on basically or one and a half years is the parabolic rise again we’re moving exactly the same way as before so nothing has changed in fact you could argue that maybe we have moved

A little bit faster than before okay but I’m waiting I’m waiting for to having event I’m waiting for what comes later this year and especially in 2025 that’s when things will get very very very interesting