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**Bitcoin Stagnant Due to ETF Outflow Reaching Rp28 Trillion**
Bitcoin $BTC remains stagnant at the level of US$89,000 for the last 3 days, according to CoinMarketCap, Saturday (24/01).
However, the catalyst is due to the outflow of ETFs since January 16, where it reached over US$1.7 billion or Rp1.7 trillion.
Furthermore, for the combined outflow on January 16 and January 23, Fidelity Wise Origin Bitcoin Fund #FBTC leads the outflow of US$654 million, while the iShares Bitcoin Trust ETF (IBIT) owned by BlackRock is around US$535 million.
Then, there is Grayscale Bitcoin Trust #gbtc at around US$215 million, Bitwise Bitcoin ETF (BITB) US$155 million, and ARK 21Shares Bitcoin ETF (ARKB) S$144 million.
Finally, VanEck Bitcoin #HOLD outflow of US$12 million, and Franklin Bitcoin #ETF $BTC US$10 million. In addition, there is Coinshares Bitcoin ETF (BRRR) amounting to US$3 million.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)
$ETH
Bitcoin $BTC remains stagnant at the level of US$89,000 for the last 3 days, according to CoinMarketCap, Saturday (24/01).
However, the catalyst is due to the outflow of ETFs since January 16, where it reached over US$1.7 billion or Rp1.7 trillion.
Furthermore, for the combined outflow on January 16 and January 23, Fidelity Wise Origin Bitcoin Fund #FBTC leads the outflow of US$654 million, while the iShares Bitcoin Trust ETF (IBIT) owned by BlackRock is around US$535 million.
Then, there is Grayscale Bitcoin Trust #gbtc at around US$215 million, Bitwise Bitcoin ETF (BITB) US$155 million, and ARK 21Shares Bitcoin ETF (ARKB) S$144 million.
Finally, VanEck Bitcoin #HOLD outflow of US$12 million, and Franklin Bitcoin #ETF $BTC US$10 million. In addition, there is Coinshares Bitcoin ETF (BRRR) amounting to US$3 million.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)
$ETH
🏧 DYDX buy now
Leave a Comment. If you always loss money in your trading. Maybe my strategy will help you.
Don’t Forget to like and Follow for daily accurate trades
Market order
Entry: 2.302
Leverage 50x
Cross margin
Take Profits
1) 2.329
2) 2.375
3) 2.420
4) 2.449
5) 2.495
6) To the moon 🌚
Stop loss
2.229
#dydx #gbtc #fomo #etf #sbf
$BTC $LINK $DYDX
Leave a Comment. If you always loss money in your trading. Maybe my strategy will help you.
Don’t Forget to like and Follow for daily accurate trades
Market order
Entry: 2.302
Leverage 50x
Cross margin
Take Profits
1) 2.329
2) 2.375
3) 2.420
4) 2.449
5) 2.495
6) To the moon 🌚
Stop loss
2.229
#dydx #gbtc #fomo #etf #sbf
$BTC $LINK $DYDX
BTC sell now
🏧DISCLAIMER
please If you have a problem with making a lot of money then this community isn’t for you!
Entry: Now
Market order
Leverage: 125x
Cross margin
Take Profits
1) 33698
2) 32996
3) 32336
4) 32016
5) 31703
Stop loss
34833.10
High Risk Market Order
Risk 1% on this trade
#gbtc #etf $BTC $BNB $ETH #fomo #sbf
🏧DISCLAIMER
please If you have a problem with making a lot of money then this community isn’t for you!
Entry: Now
Market order
Leverage: 125x
Cross margin
Take Profits
1) 33698
2) 32996
3) 32336
4) 32016
5) 31703
Stop loss
34833.10
High Risk Market Order
Risk 1% on this trade
#gbtc #etf $BTC $BNB $ETH #fomo #sbf
Becoming a millionaire on the blockchain requires a combination of strategic thinking,
Becoming a millionaire on the blockchain requires a combination of strategic thinking, thorough understanding of the technology, and careful execution. Here are some steps to help you navigate the path:1. Educate Yourself: Start by acquiring a solid understanding of blockchain technology, cryptocurrencies, and decentralized finance (DeFi) concepts. This knowledge will help you make informed decisions throughout your journey.2. Identify a Strong Concept: Think critically about your token or meme idea. Is it unique, innovative, and capable of solving a real-world problem or capturing market interest? Conduct thorough market research to validate your concept and identify potential competitors.3. Build a Skilled Team: Surround yourself with a team of professionals with expertise in blockchain development, marketing, finance, and legal matters. Collaborating with individuals who complement your skills will enhance your chances of success.4. Develop and Deploy: Once you have a strong concept and a capable team, proceed with developing your token or meme on a suitable blockchain platform. Ensure that you follow best practices for smart contract development, security, and audit processes to avoid vulnerabilities.5. Community Engagement: To gain traction, actively engage with the crypto community by leveraging social media platforms, forums, and influential figures. Build and nurture a dedicated community around your project, fostering trust and loyalty.6. Exchange Listings: Seek partnerships with reputable cryptocurrency exchanges to list your token. This will provide liquidity and increase its accessibility to a wider range of potential investors.7. Market and PR Strategy: Craft a robust marketing strategy to create awareness around your token or meme. Utilize various marketing channels, such as social media campaigns, content creation, influencer partnerships, and PR efforts to reach your target audience.8. Tokenomics and Utility: Design a well-thought-out tokenomics model that incentivizes holders, encourages liquidity, and aligns with your project's long-term vision. Establish a clear utility for your token within your ecosystem to attract investors and users.9. Community Incentives and Rewards: Implement mechanisms to reward early adopters, holders, and contributors. This can include airdrops, staking programs, and referral programs to foster community growth and engagement.10. Continuous Development and Adaptation: Maintain a mindset of continuous improvement, actively seeking feedback from your community and staying updated with the latest trends and developments in the blockchain industry. Adapt your strategy accordingly to ensure long-term success.Remember, success in the blockchain space requires patience, perseverance, and a solid understanding of both technological and market dynamics. Be prepared to adapt to changing circumstances and always prioritize transparency and ethical practices to build trust within the community.$BNB $BTC #Meme #trading
🚨 MICROSTRATEGY PARENT TO BUY $250M IN BTC THROUGH GBTC 🚨
Digital Currency Group (DCG) plans to purchase up to $250M worth of GBTC shares.
The goal? Take advantage of the current 5.73% discount on the Grayscale Bitcoin Trust.
Speculation rises as Microstrategy hires ETF specialists—could an ETF filing be next?
#Microstrategy #BTC #GBTC
#Write2Earn
Digital Currency Group (DCG) plans to purchase up to $250M worth of GBTC shares.
The goal? Take advantage of the current 5.73% discount on the Grayscale Bitcoin Trust.
Speculation rises as Microstrategy hires ETF specialists—could an ETF filing be next?
#Microstrategy #BTC #GBTC
#Write2Earn
📈 US Bitcoin ETFs Experience Strong Inflows Led by #BlackRock
US Bitcoin ETFs have seen a five-day streak of positive inflows, totaling $246 million. Notably, BlackRock's iShares Bitcoin Trust (IBIT) stands out, pulling in $184 million on Wednesday alone. 🚀
Despite a tumultuous market, investor confidence in Bitcoin ETFs appears to be growing. While BlackRock dominates the scene, other funds like Bitwise’s #BitcoinETFs (BITB) managed to attract only $2 million, with significant outflows from Fidelity’s $BTC Fund ($33 million) and ARK Invest’s ETF ($47 million). 💰
👀 The shift in investor preferences suggests a move towards larger, more established funds, as seen with IBIT's substantial gains compared to the struggles of #grayscale ’s Bitcoin Trust (GBTC), which has lost over $20 billion since converting to an #ETF✅ .
#gbtc
US Bitcoin ETFs have seen a five-day streak of positive inflows, totaling $246 million. Notably, BlackRock's iShares Bitcoin Trust (IBIT) stands out, pulling in $184 million on Wednesday alone. 🚀
Despite a tumultuous market, investor confidence in Bitcoin ETFs appears to be growing. While BlackRock dominates the scene, other funds like Bitwise’s #BitcoinETFs (BITB) managed to attract only $2 million, with significant outflows from Fidelity’s $BTC Fund ($33 million) and ARK Invest’s ETF ($47 million). 💰
👀 The shift in investor preferences suggests a move towards larger, more established funds, as seen with IBIT's substantial gains compared to the struggles of #grayscale ’s Bitcoin Trust (GBTC), which has lost over $20 billion since converting to an #ETF✅ .
#gbtc
Bitcoin ETF Market Sees $1.4B Surge in Three Days, BlackRock's Leads the Charge
#Bitcoin❗ ETF Market Sees $1.4B Surge in Three Days, BlackRock's Leads the Charge
As the crypto market recovers, the #BitcoinETF💰💰💰 market is performing really well with the cumulative net inflow for the 11 #BitcoinETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale #gbtc , the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot $BTC
ETF holdings.
#MemeCoinTrending
As the crypto market recovers, the #BitcoinETF💰💰💰 market is performing really well with the cumulative net inflow for the 11 #BitcoinETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale #gbtc , the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot $BTC
ETF holdings.
#MemeCoinTrending
Leading up to the approval of spot #ETFs in January, speculation surged, leading Long-Term Holders ( #LTH ) to either cash out for profit or reallocate their holdings into new #ETFs. products.
This resulted in a significant decrease in LTH supply balance by approximately 299.5K #BTC since November, from a peak of 14.996M BTC. Notably, analysis of #gbtc flows, with around 661k BTC inflow and 151.5K #BTC outflows in 2021, suggests that remaining LTH supply, totaling 148K #BTC, is being spent by investors.
This trend aligns with previous research indicating LTHs begin distributing their holdings as the market approaches all-time high prices.
#Write2Earn #The_Bitcoinbull
by @Bitcoin Bull
This resulted in a significant decrease in LTH supply balance by approximately 299.5K #BTC since November, from a peak of 14.996M BTC. Notably, analysis of #gbtc flows, with around 661k BTC inflow and 151.5K #BTC outflows in 2021, suggests that remaining LTH supply, totaling 148K #BTC, is being spent by investors.
This trend aligns with previous research indicating LTHs begin distributing their holdings as the market approaches all-time high prices.
#Write2Earn #The_Bitcoinbull
by @Bitcoin Bull
BlackRock IBIT's trading volume reached $1.24 billion, while Grayscale GBTC's trading volume was $526 million.
According to news on April 17, the trading volume data of Bitcoin spot ETFs on April 16 are as follows:
BlackRock IBIT: $1.24 billion
Grayscale GBTC: $526 million
Fidelity FBTC: $421 million
ProShares BITO: $273 million
ARKB: $97 million
BITB: $79.81 million
#gbtc #比特币 #FBTC #ARKB
According to news on April 17, the trading volume data of Bitcoin spot ETFs on April 16 are as follows:
BlackRock IBIT: $1.24 billion
Grayscale GBTC: $526 million
Fidelity FBTC: $421 million
ProShares BITO: $273 million
ARKB: $97 million
BITB: $79.81 million
#gbtc #比特币 #FBTC #ARKB
Recent data from #Bloomberg shows a significant shift in #BitcoinETFs! Grayscale's #gbtc faced over $4 billion in outflows in just 8 days post-SEC's approval of new ETFs, while rivals like BlackRock's #IBIT and Fidelity's #FBTC saw nearly $5 billion inflows. This trend signals a changing investor preference in the Bitcoin ETF market. $BTC
Bitcoin (BTC) Remains Strongest Asset for Institutions: MicroStrategy's Michael Saylor Shows
A recent data sheet provided by Michael Saylor, a renowned advocate for Bitcoin and the CEO of MicroStrategy, further underscores the dominance of digital gold over other assets.
A meticulous glance at the asset class total returns sheet, spanning from 2011 to 2023, showcases Bitcoin's exceptional performance. In almost every year since 2011, Bitcoin has outperformed other traditional investment vehicles. While there have been moments of volatility and dips in the crypto market, BTC has showcased resilience and an upward trajectory that no other asset class can parallel.
Its cumulative return from 2011-2023 is a jaw-dropping 1,120,785%, with an annualized return of 147.5%. These numbers are staggering, especially when compared to other asset classes like the U.S. Nasdaq 100 or U.S. Large Caps, which, though solid performers, lag significantly behind Bitcoin's return rate.
Another insightful dimension to this conversation is MicroStrategy's Bitcoin portfolio. From the provided tracker, it is evident that MicroStrategy, under Saylor's leadership, has been bullish on Bitcoin. The firm's current holdings stand at an impressive 158,245 BTC, valued at approximately $5.43 billion. Their portfolio indicates strategic purchases, capitalizing on Bitcoin's dips, and subsequently leveraging its surges. Such a sizable investment from a major institution serves as testament to the increasing faith in Bitcoin's long-term potential and its role as a store of value. The data also depicts MicroStrategy's approach to Bitcoin as one of consistent accumulation. The green purchase markers on the graph illustrate a pattern of buying the dips, signifying a long-term bullish stance on the cryptocurrency. This conviction in Bitcoin is further reflected in the company's total dollar cost average and the present market price of Bitcoin, indicating healthy returns on their investments.
#BTC #Meme #etf #gbtc #gbtc
A recent data sheet provided by Michael Saylor, a renowned advocate for Bitcoin and the CEO of MicroStrategy, further underscores the dominance of digital gold over other assets.
A meticulous glance at the asset class total returns sheet, spanning from 2011 to 2023, showcases Bitcoin's exceptional performance. In almost every year since 2011, Bitcoin has outperformed other traditional investment vehicles. While there have been moments of volatility and dips in the crypto market, BTC has showcased resilience and an upward trajectory that no other asset class can parallel.
Its cumulative return from 2011-2023 is a jaw-dropping 1,120,785%, with an annualized return of 147.5%. These numbers are staggering, especially when compared to other asset classes like the U.S. Nasdaq 100 or U.S. Large Caps, which, though solid performers, lag significantly behind Bitcoin's return rate.
Another insightful dimension to this conversation is MicroStrategy's Bitcoin portfolio. From the provided tracker, it is evident that MicroStrategy, under Saylor's leadership, has been bullish on Bitcoin. The firm's current holdings stand at an impressive 158,245 BTC, valued at approximately $5.43 billion. Their portfolio indicates strategic purchases, capitalizing on Bitcoin's dips, and subsequently leveraging its surges. Such a sizable investment from a major institution serves as testament to the increasing faith in Bitcoin's long-term potential and its role as a store of value. The data also depicts MicroStrategy's approach to Bitcoin as one of consistent accumulation. The green purchase markers on the graph illustrate a pattern of buying the dips, signifying a long-term bullish stance on the cryptocurrency. This conviction in Bitcoin is further reflected in the company's total dollar cost average and the present market price of Bitcoin, indicating healthy returns on their investments.
#BTC #Meme #etf #gbtc #gbtc
Morgan Stanley's $270 million investment in Bitcoin through Grayscale's GBTC trust signifies a notable shift in mainstream finance's acceptance of cryptocurrency. This move places the bank among the major holders of GBTC and aligns with a broader trend of institutional investors showing increasing interest in Bitcoin.
#Bitcoin2024 #gbtc #Garyscale #MemeWatch2024
#Bitcoin2024 #gbtc #Garyscale #MemeWatch2024
🏧 Buy Now 1inch
😂DISCLAIMER
please If you have a problem with making a lot of money then this community isn’t for you!
🎁Leave a comment for my secret 100x coin selection Strategy
Market Oder
Entry:0.2889
Leverage 25x
Cross margin
Take Profits
1) 0.2933
2) 0.2988
3) 0.3043
5) 0.3101
6) 0.3205
Stop loss
0.2817
#etf #Meme #fomo #gbtc $BNB $BTC $1INCH
😂DISCLAIMER
please If you have a problem with making a lot of money then this community isn’t for you!
🎁Leave a comment for my secret 100x coin selection Strategy
Market Oder
Entry:0.2889
Leverage 25x
Cross margin
Take Profits
1) 0.2933
2) 0.2988
3) 0.3043
5) 0.3101
6) 0.3205
Stop loss
0.2817
#etf #Meme #fomo #gbtc $BNB $BTC $1INCH
Markus Thielen Predicts Bitcoin Surge Past $50,000: Unveiling the Rally's Secrets!
Bitcoin Bulls on the Run: Bitcoin could soon cross a price level of $50k, as reported by 10x Research.GBTC and FTX Selloff Coming to an End: The selloff in GBTC and FTX seems to be coming to an end.Technical Indicators Confirm Upcoming Move: Technical indicators confirm the upcoming move in Bitcoin's price.
Markus Thielen, the renowned crypto analyst and researcher, has been making waves in the Bitcoin community with his recent predictions. Just days ago, he boldly forecasted a bottom of $38,000 for Bitcoin, capturing the attention of investors worldwide. Now, Thielen's foresight once again takes center stage as he predicts that Bitcoin could soon soar past the $50,000 mark, potentially reaching a two-year high in price.
The anticipation surrounding Bitcoin's ascent is further fueled by the upcoming halving event, slated for April 2024. This event, characterized by a reduction in miner rewards, is expected to significantly boost Bitcoin's demand, further propelling its price upward.
Thielen's analysis, rooted in the Elliott wave theory, provides valuable insights into Bitcoin's price movements. According to this theory, price fluctuations occur in distinct wave patterns, with each wave representing alternating highs and lows. Thielen's interpretation of Bitcoin's Elliott Wave pattern indicates a promising trajectory, with the recent completion of the third and fourth waves setting the stage for a bullish resurgence.
Despite encountering resistance at the psychological threshold of $50,000, Bitcoin's momentum remains strong. Technical indicators, including the Relative Strength Index (RSI), signal a favorable outlook for Bitcoin's price movement. With RSI levels nearing the threshold for significant price shifts, investors are optimistic about Bitcoin's potential to surpass current resistance levels.
Moreover, Thielen sheds light on the recent market dynamics, attributing the previous price drop in Bitcoin to factors such as sell-offs by entities like the Grayscale Bitcoin Trust. However, with outflows from Grayscale's Bitcoin ETF stabilizing and overall ETF inflows showing positive trends, market sentiment is increasingly bullish.
Looking ahead, the impending halving event and strategic whale accumulation strategies are expected to drive Bitcoin's upward trajectory. Historical data illustrates the substantial returns Bitcoin has historically delivered following halving events, reaffirming investors' confidence in its long-term potential.
While technical analysis points towards a bullish breakout, prudent risk management is advised. Establishing stop-loss levels and closely monitoring support and resistance zones can help mitigate potential downside risks in this highly volatile market environment.
As the crypto market continues to evolve, it's essential for investors to stay informed and exercise caution. While Thielen's predictions offer valuable insights, it's crucial to conduct thorough research and make well-informed financial decisions tailored to individual risk tolerances and investment objectives.
#Bitcoin #BullMarket #FTX #gbtc #cryptocurrency
$BTC
Markus Thielen, the renowned crypto analyst and researcher, has been making waves in the Bitcoin community with his recent predictions. Just days ago, he boldly forecasted a bottom of $38,000 for Bitcoin, capturing the attention of investors worldwide. Now, Thielen's foresight once again takes center stage as he predicts that Bitcoin could soon soar past the $50,000 mark, potentially reaching a two-year high in price.
The anticipation surrounding Bitcoin's ascent is further fueled by the upcoming halving event, slated for April 2024. This event, characterized by a reduction in miner rewards, is expected to significantly boost Bitcoin's demand, further propelling its price upward.
Thielen's analysis, rooted in the Elliott wave theory, provides valuable insights into Bitcoin's price movements. According to this theory, price fluctuations occur in distinct wave patterns, with each wave representing alternating highs and lows. Thielen's interpretation of Bitcoin's Elliott Wave pattern indicates a promising trajectory, with the recent completion of the third and fourth waves setting the stage for a bullish resurgence.
Despite encountering resistance at the psychological threshold of $50,000, Bitcoin's momentum remains strong. Technical indicators, including the Relative Strength Index (RSI), signal a favorable outlook for Bitcoin's price movement. With RSI levels nearing the threshold for significant price shifts, investors are optimistic about Bitcoin's potential to surpass current resistance levels.
Moreover, Thielen sheds light on the recent market dynamics, attributing the previous price drop in Bitcoin to factors such as sell-offs by entities like the Grayscale Bitcoin Trust. However, with outflows from Grayscale's Bitcoin ETF stabilizing and overall ETF inflows showing positive trends, market sentiment is increasingly bullish.
Looking ahead, the impending halving event and strategic whale accumulation strategies are expected to drive Bitcoin's upward trajectory. Historical data illustrates the substantial returns Bitcoin has historically delivered following halving events, reaffirming investors' confidence in its long-term potential.
While technical analysis points towards a bullish breakout, prudent risk management is advised. Establishing stop-loss levels and closely monitoring support and resistance zones can help mitigate potential downside risks in this highly volatile market environment.
As the crypto market continues to evolve, it's essential for investors to stay informed and exercise caution. While Thielen's predictions offer valuable insights, it's crucial to conduct thorough research and make well-informed financial decisions tailored to individual risk tolerances and investment objectives.
#Bitcoin #BullMarket #FTX #gbtc #cryptocurrency
$BTC
#GBTC Grayscale Trust related address's exchange transfer situation:
15 hours ago, the address bc1q9... transferred 744.956 BTC to Coinbase Prime, worth 70.64 million USD.
15 hours ago, the address bc1qj... transferred 772.751 BTC to Coinbase Prime, worth 73.28 million USD.
15 hours ago, the address 1461L... transferred 700.002 BTC to Coinbase Prime, worth 66.03 million USD.
Total: Grayscale Trust related addresses transferred a total of 2217.709 BTC to Coinbase Prime, with a total value of approximately 210 million USD, suspected sale.
15 hours ago, the address bc1q9... transferred 744.956 BTC to Coinbase Prime, worth 70.64 million USD.
15 hours ago, the address bc1qj... transferred 772.751 BTC to Coinbase Prime, worth 73.28 million USD.
15 hours ago, the address 1461L... transferred 700.002 BTC to Coinbase Prime, worth 66.03 million USD.
Total: Grayscale Trust related addresses transferred a total of 2217.709 BTC to Coinbase Prime, with a total value of approximately 210 million USD, suspected sale.
I guess Barry (#gbtc ) might ruin the setups. This is absurd at this point. So many setups have been ruined due to gbtc selling.
GBTC still has $BTC worth more than 22 billions 😳📉📉📉📉
GBTC still has $BTC worth more than 22 billions 😳📉📉📉📉
crypto_jogi
·
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Took a small long position in $LDO looks good as it has taken the liquidity at the equal lows. Looking towards a re-test of 3.2-3.5 range if $BTC helps.
Manage your risk.
#BTC #LDOUSDT
Manage your risk.
#BTC #LDOUSDT
📊 As the spot #BitcoinETFs settle into more normal trading, #gbtc has lost #Dominance in volumes.
At the start, GBTC accounted for over half of the daily volumes across #ETFs but now accounts for ~30% and was trumped by $IBIT last week 🚀
At the start, GBTC accounted for over half of the daily volumes across #ETFs but now accounts for ~30% and was trumped by $IBIT last week 🚀
Prospects for the U.S. Stockization Trend of Cryptocurrency
Will the U.S. stockization trend of cryptocurrency, which has been hotly discussed in institutional circles recently, become mainstream? Conclusion: This is most likely the case!
From the figure below, for our purposes, we often use the Nasdaq 100 Index to represent the 100 stocks with the largest market capitalization on Nasdaq. At the same time, the Russell 2000 index is used to represent small-cap stocks in U.S. stocks.
Since the beginning of the year, the S&P 500 Index has rebounded from 3839 to the previous high of 4607, an increase of up to 20%, of which 15.8% of the increase came from FAANG + MNT, namely Facebook, Apple, Amazon, Netflix, Google, Microsoft, Nvidia and Tesla . In other words, FAANG+MNT account for 25% of the S&P 500's market capitalization but are responsible for 79% of the year-to-date gain. (This can be compared to blue chip coins, such as the recent strong BTC #LINK #AAVE , etc.)
From the figure below, for our purposes, we often use the Nasdaq 100 Index to represent the 100 stocks with the largest market capitalization on Nasdaq. At the same time, the Russell 2000 index is used to represent small-cap stocks in U.S. stocks.
Since the beginning of the year, the S&P 500 Index has rebounded from 3839 to the previous high of 4607, an increase of up to 20%, of which 15.8% of the increase came from FAANG + MNT, namely Facebook, Apple, Amazon, Netflix, Google, Microsoft, Nvidia and Tesla . In other words, FAANG+MNT account for 25% of the S&P 500's market capitalization but are responsible for 79% of the year-to-date gain. (This can be compared to blue chip coins, such as the recent strong BTC #LINK #AAVE , etc.)
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