Sweep1

We remain BULLish

BlackRock made $250 million from a Bitcoin fund that's down $8 billion
BlackRock's Bitcoin ETF holds 777,000 BTC
Investors bought $63.2 billion since launch
The fund is worth about $55 billion today
That's an $8 billion gap between what went in and what it's worth now
BlackRock charges a 0.25% annual fee on the entire fund
Last year IBIT earned them $174.6 million in fees, up 267% from $47.5 million the year before
At its current size the fund brings in about $250 million a year
Whether Bitcoin goes up or down, that fee gets paid
Larry Fink's total compensation in 2025: $37.7 million
A 23% rai

BREAKING: BlackRock just sold 2,760 Bitcoin (~$184M) and 35,642 Ethereum (~$73M)

FTX is paying out another $2.2 billion to creditors tomorrow
Fourth round since the collapse
All payouts are based on November 2022 prices when BTC was $16,871
If you had 10 BTC on FTX, you're getting $168,710 back instead of $670,000

Pumpfuns average daily volume on Monday is $97.4M right now
Let's see how this looks after Memescope Monday tomorrow

Hyperliquid whales are down bad right now
10 Wallets
Around $50M in losses and the only guy that went short picked the wrong token

Bitcoin's URPD shows almost zero supply between $72K and $82K
If we break this level, there's no resistance until $82,000
Between $59K and $72K there's a heavy accumulation zone built across February and March where most of the current coins were acquired
Above $72K there's barely any supply
When price dropped from $126K it moved through the $72K to $82K zone too fast for any meaningful accumulation to form
That leaves a structural air gap with almost no coins sitting at a cost basis in that range
No cost basis means no holders looking to sell at breakeven, which means almost no resistance
Pri

In 2011, a guy bought 10% of every Bitcoin in existence for $5,000
A small company in Tennessee had been mining Bitcoin since the early days
One of their employees asked if he could buy the whole operation
They said yes. The price: $5,000
The wallet he walked away with had 371,067 BTC inside. One out of every ten Bitcoin on Earth
He posted a screenshot of the balance on BitcoinTalk, and the forum lost its mind
Then he vanished
Nobody heard from him until the FBI kicked in his door during the 2012 presidential election
Turns out he had hacked into PricewaterhouseCoopers, stolen Mitt Romney's ta

Refusing to give police your crypto seed phrase is now a criminal offense in Hong Kong 🤯
On March 23, Hong Kong updated its National Security Law
Police can now demand the password, PIN or seed phrase to any electronic device
The punishment if you refuse?
1 year in prison and a $12,800 fine
If you give them a fake seed phrase or the wrong password the sentence goes up to 3 years and a $64,000 fine
This doesn't just apply to residents
Tourists, business travelers, even people connecting flights through Hong Kong Airport
Self custody just became a crime in one of the world's biggest financial h

Polymarket literally doing charity at this point

20 independent indicators are bullish at the same time right now
This has only happened 3 times before in Bitcoin's history, and each time was followed by a 300%+ rally
Global M2 money supply just hit an all time high and BTC still hasn't caught up
The Dollar Index is sitting at 100, the exact level that preceded 500%+ rallies twice before
Exchange reserves dropped to a 7 year low with only 2.1 million BTC left on all exchanges
Whales bought 270,000 BTC in 30 days, the largest accumulation wave since 2013
Fear and Greed has been stuck at extreme fear for 46 straight days, currently at 12
The w

In traditional markets, the Price to Sales ratio is one of the most basic valuation benchmarks
The S&P 500 trades at roughly 2.5–3x revenue on average
High growth tech names routinely command 10 20x
A SaaS company growing 30%+ year over year at sub-1x P/S would have every fund manager on the planet reaching for their checkbook
Now look at crypto
$PUMP - $1.09B in protocol lifetime revenue.
Market cap: $622M. That’s a P/S ratio of ~0.57x. The bulk of this revenue was generated in the past year.
$JUP: $404M in revenue.
Market cap: $559M. P/S of ~1.38x. Better, but still a fraction of what any

The Fear and Greed Index has been in Extreme Fear for 46 straight days
This is the longest streak since the Terra/Luna collapse in 2022

Brent crude oil just pumped to $110 again and is up over 6% today

Governments have left over $25 BILLION on the table by selling Bitcoin too early
US: 195,091 BTC sold for $366 million → worth $13.5 billion today
Bulgaria: 213,500 BTC sold for $3.2 billion → worth $14.7 billion today
Germany: 49,858 BTC sold for $2.88 billion → worth $6.3 billion today
Bulgaria's missed profit alone would have covered almost its entire national debt
Combined they cashed out $6.4 billion
Today it would be $34.5 billion
Tim Draper bought 29,657 of those US auction coins in 2014 for $19 million and never sold → worth $2 billion today