Crypto surge may be at hand.

[BlackBoss_]

I prefer looking at ETF inflows and outflows because they can affect market movement, since this bull run started with the ETF narrative. Whenever we see positive inflows, we often get a pump in Bitcoin (like 12–15 January). Then we saw ETF outflows from 16–21 January, which suggests the market may be ready to dump again, and Bitcoin’s price is struggling to break the $91k level. Although many people are buying Bitcoin, they are probably waiting for a shift of liquidity from gold into crypto, especially Bitcoin.

Bitcoin blockchain and Bitcoin market have gone a very long and successful adventure since Satoshi Nakamoto discussed about it with a group of Cypherpunks, then mined the Bitcoin Genesis Block in January 2009. Later there are many milestones like first Bitcoin trade for physical stuffs (pizza for bitcoins), first exchange, then hack, many things later like Bitcoin Futures with CBOE and CME in December 2017, and in January 2024 dozens of Bitcoin Spot ETFs in the USA.

Bitcoin will continue its growth and Bitcoin Spot ETFs are only parts of Bitcoin ecosystem which will thrive more in the future. There are effects from Bitcoin Spot ETF inflows and outflows but there are other contributors for Bitcoin market, trading volume, supply and demand which are all interact with each other and result in market movements.

[Abiky]

HERE’S WHAT’S DRIVING THE CRYPTO SURGE RIGHT NOW:

• Binance added 10,265 BTC
• Coinbase picked up 7,881 BTC
• Wintermute accumulated 4,488 BTC
• Kraken acquired 2,537 BTC
• Large wallets scooped 21,195 BTC

Exchanges, institutions, and big players collectively grabbed over $5B in Bitcoin in a single day.

This kind of synchronized accumulation doesn’t happen by accident.
Something big is clearly unfolding 👀🔥

They're probably using the profits earned from Gold and Silver to buy more BTC. Compared to the frenzy surrounding precious metals, Bitcoin is relatively "cheap" these days. It should've been worth at least $100k - $150k by now. This huge accumulation by exchanges and institutions, tells us something big is brewing. Just like you've said.

While mass accumulation of BTC by big entities is good for market prices, it's bad for the overall decentralization of Bitcoin. I wonder if this time, altcoins will rise as a result of BTC's (upcoming) surge in market prices? Altcoin season has been long overdue. But that's another subject. We'll see how far BTC goes by the end of the year.

[freedomgo]

It doesn’t really impact the market yet, but it could in a few weeks or months. Based on your analysis, I actually agree with that take. Why would they start adding Bitcoin if they didn’t expect it to pump in the future? I even see it as a short-term signal that Bitcoin might start moving soon, while gold’s strong performance could face a bit of a reality check. I don’t think gold will keep hitting ATH after ATH for now, it feels like it might be Bitcoin’s turn again.

Altcoin season has been long overdue.

I have been patiently waiting for that to happen.

[tread93]

HERE’S WHAT’S DRIVING THE CRYPTO SURGE RIGHT NOW:

• Binance added 10,265 BTC
• Coinbase picked up 7,881 BTC
• Wintermute accumulated 4,488 BTC
• Kraken acquired 2,537 BTC
• Large wallets scooped 21,195 BTC

Exchanges, institutions, and big players collectively grabbed over $5B in Bitcoin in a single day.

This kind of synchronized accumulation doesn’t happen by accident.
Something big is clearly unfolding 👀🔥

Bitcoin moving from weaker hands to stronger hands! They defintely have to know something is about to go down. I think a lot of this has to do with speculation on gold and silver. With such record highs in those areas Bitcoin sort of falls into that hedge against inflation bucket so they are stacking their chips like never before. These are wild times we are living in, I hope we can see some new ATHs for Bitcoin soon! Although i've got to say that it has been incredibly fun to watch gold and silver make a crazy bull run here like Bitcoin does

[fuguebtc]

Im not spreading Fud, and I just want to say that the opposite is also possible. We should have a contingency plan rather than just trusting in a favorable scenario that we have drawn up ourselves without guarantees. The market moves in its own way, not according to anyone's expectation

Do not look at the growth of the metals market and think the same will soon happen with crypto. Every market has its own cycles, and let's not forget that Bitcoin has experienced a very good growth cycle, from $15k to $126k. That was a huge profit, and we are happy with it

Therefore, instead of setting unrealistic expectation, we should manage risk and accept the reality that no market rises forever.

[davis196]

HERE’S WHAT’S DRIVING THE CRYPTO SURGE RIGHT NOW:

• Binance added 10,265 BTC
• Coinbase picked up 7,881 BTC
• Wintermute accumulated 4,488 BTC
• Kraken acquired 2,537 BTC
• Large wallets scooped 21,195 BTC

Exchanges, institutions, and big players collectively grabbed over $5B in Bitcoin in a single day.

This kind of synchronized accumulation doesn’t happen by accident.
Something big is clearly unfolding 👀🔥

More crypto being moved to the centralized crypto exchanges means mass selling, which means that we might be heading towards a bear market. However, this is pure speculation. The global financial markets are in a pretty confused state right now. Nobody knows where the market prices will go. Are you suggesting that many crypto traders and investors have some kind of insider information, so they are moving their crypto to centralized exchanges and getting ready to sell? I think it's more like FUD rather than insider information getting leaked.

[Zoomic]

Regarding exchanges, indeed it may be more insightful to look at the spot inflow/outflow/netflow charts. ~snip~

I prefer looking at ETF inflows and outflows because they can affect market movement, since this bull run started with the ETF narrative. Whenever we see positive inflows, we often get a pump in Bitcoin (like 12–15 January). Then we saw ETF outflows from 16–21 January, which suggests the market may be ready to dump again, and Bitcoin’s price is struggling to break the $91k level. Although many people are buying Bitcoin, they are probably waiting for a shift of liquidity from gold into crypto, especially Bitcoin.

How can I get this chart? From ETF official website?
This is a very good pointer on the direction of the market. But the problem is how to know if it's not manipulated.
Ordinary buyers can be decieved with fake charts and they'll eventually pay for it.

But if things like this has began to affect the market, it means the cyclical or seasonal market is just over.