Before the drop, I was looking a Puell Multiple, about which I have already posted about a few months ago.
For clarification, puell multiple is a metric defined as the ratio of the daily value of the issued BTC, devided by 365 moving average of the daily value of issued BTC.
The Puell mutliple dropped from 2.63 to 0.65 after the halving. The value of Puell multiple with BTC at 63k is at the similar level as when BTC was 22k. The longterm outlook of this is bullish.
Yestedays ETF Flows came in at +$378.3M.
Big inflow as we were expecting already, seeing the Coinbase bid all day and premium getting green.
IBIT saw net flows of $12.7M. FBTC saw net flows of $102.6M. GBTC Saw $63M in inflows! First time ever since converting into an ETF that it took in money.
Added 1% more of $SUI which has been the only underperforming asset since the last rebalance.
Spot Premium increasing as price has been going up today.
Solid bid coming from Coinbase since the market open. Good chance we'll see positive ETF net flows for today again I think.
That would break the 7 consecutive days of outflows we've recently seen. Good entry by pur strategy i suppose.
We game it a shot at exiting on 65k. Now we are back in and ready to hold our bags. Thanks to all Pigster Crypto investors for trusting the process. Have a great weekend everyone!
What a lovely thing to see. Coinbase Premium back in the green.
