Bitcoin SHOCK?! Here's What You Need to Know Before The Next Few Weeks!

View in browser Bitcoin SHOCK?! Here's What You Need to Know Before The Next Few Weeks! We be booming! Bitcoin's price continues trading above $100K, which can't be bad, right?  Well, there are a couple of things that are interesting and worthy of mention in today's newsletter. In this bit, we will focus on the impending supply shock that may lie ahead for Bitcoin.  U.S.-based Bitcoin ETFs acquired approximately 51,500 BTC last month—nearly three times the amount mined during the same period.  This significant demand, driven by market momentum and Bitcoin's mid-December peak of over one hundred and eight thousand dollars, created a supply imbalance.  Major miners like MARA Holdings produced less than ten thousand BTC, while others, like Riot and Cleanspark, contributed even smaller quantities.  Analysts warn of a potential "supply shock" as exchange reserves hit record lows.  Meanwhile, nearly two billion dollars was invested in these ETFs on January 3 and January 6. The companies leading the pack in 2025 are Fidelity and BlackRock, somewhat not surprisingly. This strong start contrasts with a relatively weak end to 2024, where six of the last eight trading days saw more outflows than inflows in Bitcoin ETFs. Coupled with the approaching inauguration date of Donald Trump, make sure to keep your hats steady because we are in for a wild ride! Price Action Total Mkt Cap: $3.71 Trillion | 24HR Liquidations: $240M | Sentiment: Extreme Greed  Thanking our Newsletter sponsor: Credefi: the ultimate RWA gateway. Connecting crypto lenders with SME borrowers since 2021. Discover predictable yields on your idle crypto assets. The last two Mondays were massively different in terms of BTC price actions. On December 30, the cryptocurrency plunged from $94,000 to a monthly low of $91,300. However, it recovered a lot of ground in the following days, especially since the start of the new year. It managed to challenge $100,000 on a couple of occasions since January 4 but ultimately failed and was pushed south by a few grand. However, that changed yesterday as the bulls took complete control of the market and initiated an impressive leg-up that resulted in BTC breaking past $100,000 for the first time since December 19. The asset kept climbing in the early Tuesday morning Asian hours and jumped to an 18-day peak of $102,700 (on Bitstamp) amid the massive BTC ETF inflows. However, it failed to maintain its run and has retraced by about $1,000 since then. Nevertheless, bitcoin is more than 2.5% up on the day, and its market cap has soared to over $2 trillion once again. Its dominance over the alts has also increased to 53.8% on CG. Altcoins Most alternative coins have charted gains over the past day. XRP, DOGE, and TRX have added similar percentages as BTC and now trade close to $2.45, $0.395, and $0.27, respectively. Cardano's native token has jumped by 5% and now sits at around $1.13 amid predictions about future price rallies. HBAR has added almost 7% of value and trades well above $0.3. The cumulative market capitalization of all crypto assets has added approximately $100 billion in a day. The metric is up to $3.750 trillion after bottoming beneath $3.4 trillion last week. Best Performers AI16Z (AI16Z) +4.9% Bitget Token (BGB) +5.8% Cardano (ADA) +4.8% Worst Performers Pudgy Penguins (PENGU) -8.8% Virtuals Protocol (VIRTUAL) -7.3% Arbitrum (ARB) +5.5% The Crypto News You Can't Miss On Jan. 6, spot Bitcoin ETFs in the United States saw their highest inflows since Nov. 21, with $978 million, equating to 9,577 BTC entering the investment products. Read the full story. Bitcoin "has only just started its price discovery phase," crypto analyst 'Daan Crypto Trades' told his 390,000 followers on X on Jan. 7. Read the full story. Jeju Island, South Korea's most famous tourist destination, is embracing blockchain technology to transform its tourism sector. Read the full story. The world's second-largest corporate holder of Bitcoin, MARA, also known as Marathon Digital Holdings, has lent out around 16% of its treasury. Read the full story. Your Daily Crypto Did You Know Did you know that in 2016, the first Decentralized Autonomous Organization (DAO) was hacked, leading to a hard fork in the Ethereum blockchain? CryptoPotato 39 Ludgate Hill, London United Kingdom You received this email because you signed up on our website or made purchase from us. Unsubscribe