Diversitas

BONUS: We have not broken the parabolic trend for $BTC 👀 This type of correction is normal for a parabolic setup👇

1/4

Morning update

Bitcoin as well as the stock market took a big hit because of the uncertainty in the global market due to the Israel-Iran conflict. As already mentioned, history is telling us that this type of drops are a great buy opportunity as recoveries usually happen very fast. With Hong Kong ETF approval and halving being days away, we feel confident in the recovery of the market. More importantly, the Coinbase Premium is telling us that this is a trap and remain positive✅

2/4

That being said, we closed the day slightly below our trackline. Based on our backtesting, this happens very rarely. Since other indicators and market developments are leaning bullish, we decided to wait a little longer before considering a partial exit from the market. As mentioned above, this looks like a trap to shake out the weak hands before the halving🤔

3/4

Below you can see what the largest $BTC wallets did in the past month. Since March 1st, they have been accumulating like there is no tomorrow.

🪙↗️ 100-1K $BTC wallets: 43,489 coins ($2.75B USD) accumulated

🪙↗️ 1K-10K $BTC wallets: 80,544 coins ($5.10B USD) accumulated

🪙↗️ 10K-100K $BTC wallets: 91,732 coins ($5.80B USD) accumulated

4/4

Finally, the ETF flow data shows a slowdown in the overall activity. Yesterday’s flows were at 0 for all the ETFs except for GBTC and BlackRock.

Net daily flow: -36 million

Calm before the storm⚡