15 years ago on the same day 10th January, Hal Finney posted first tweet about Bitcoin quoting "Bitcoin is running". It's a coincidence I guess, anyways time to move on from BTC exchange traded fund (etf) and focus on positioning for what's coming in next week's and months.
This BTC ETF approval is more bigger than tesla buying Bitcoin back then in 2021 which literally kick started bull market.
Now the billions of dollars flow is going to be injected into the market over the weeks and there will be hiccups before easy mode in market (up only for weeks and months).
BTC ETF trading will Go Live Tomorrow
The decision came out a bit late as SEC was waiting for stocks markets to close first and it's now confirmed that trading of Bitcoin ETF will go live tomorrow.
Listed on the biggest stock markets, fidelity, cbeo, NASDAQ etc.
We've already seen war against fee's by these billion dollars companies... mostly have lowered their fees and for first couple of months some are offering no fee's on trading.
Only grayscale have 1.5% fee's the highest among all 11 ETFs.
So as I said before from now on this is a competition between BlackRock vs Fidelity vs others and than centralized exchanges like binance.
ETH is Bottomed as it's ETF is Next in May (expected)
The way eth is moving now making highs and already made a breakout, Up in ETH/BTC pair.
This scenario was something in my mind and I remember mentioning about it couple of times in past that when BTC ETF will be approved.. that's when ETH will fly.
It didn't took 1-2 weeks to bottom instead ETH was already bottom the moment BTC ETF was approved but turned out it was posted by someone who hacked SEC.
ETH/BTC bottom after more than 365 days downtrend
I was expecting eth will bottom at 0.05BTC but it went down a bit more that didn't even lasted for a day.
As I mentioned before, ETH was bottomed because it was most hated coin and still this rally is a hated eth rally.
Now when this downtrend is over after more than a year on ETH.. I still have my ideal ETH price at $10K one-day no matter if it happens this year or in 2030.
My Market Scenario in Next Coming days
Retailers are coming back in cryptocurrency (mostly are back) but the hype is about to begin which will fuel the bull run.
In coming days ETH and BTC will outperform every assets... Altcoins are going to rally.
New narratives like AI, DePIN, RWA will move but not as much stronger as ETH beta, BTC beta.
Incase you want to know some of coins that will outperform in coming days are: $OP, $LDO (hated one), $ENS (shilled by vitalik), ARB, PEPE. These are ETH beta's already outperforming and will continue to do.
For Bitcoin beta; STX + ORDI, it's going to go more higher imo.
Also I'm bullish on $RNDR because of apple VR launch and rndr have connections with apple + Ai narrative is already hot and it also comes in DePIN narrative which is new and this coin was mentioned by fidelity in blog.
Wrapping Up...
In the end I hope we'll make it in this bull run and I personally believe this kind of market might be the last time we're seeing.
hive is still cheap and what I said before was once ETH will rally.. Alt's will do and so Hive as well.. still it is lagging but I've high conviction we're going higher.
I'd love to know what do you think and your thoughts in the comments.
fin.
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Thanks for reading.
