Come on now Mayday. Maybe we both have a different understanding of the word suppression but to me it means stopping something. I guess it could also mean slowing something down. Checked the definition for it and it turns out it can mean both those things!

Grayscale did not stop the upward price action on BTC that could be attributed to ETF flows, but it did slow down how fast it went up. This is fact as we have seen the overall flows from the ETFs. We can agree on this?

With regards to the ETH ETF I don't think there will be as much interest as BTC so outflows from the Greyscale product could be a lot more painful.

However the ETF approval takes a lot of heat/bear pressure off ETH over the whole Security issues. More wealthy people/businesses could be inclined to buy spot ETH and set up their own nodes etc. Will be interesting how it plays out.

Bullish Alts on a longer time frame now too. Btw I picked up a fair amount of Drift Token (got some really good DD on it) up there in the top holder ranks, but not quite a whale.

An ETH spot EFT approval is not priced in yet. Ethereum has been bleeding against BTC for a while now, so it has room to go. The ETH FUD also made me think the goal was to knock the ETH price down for the big guys like BlackRock. This potential approval is also political now. Trump came out endorsing cryptos and the left does not want to cede any votes to him and the right. So it might be that Gensler was told to get it approved, minus staking. Stablecoins are also driving demand for Treasuries and are becoming fundamental to the US economy.

Gensler might also want to approve the ETH applications just to prove Saylor wrong. It would piss me off if someone claimed to know what I'll do, which is what Saylor did. He sounded so convinced. How would he know? Or maybe he did that on purpose and secretly has an ETH position?

If the ETH ETFs are approved I see ETH breaching $5,000. But we'll see what happens.

https://dailyhodl.com/2024/05/21/economist-alex-kruger-says-base-case-is-ethereum-at-new-all-time-highs-bitcoin-much-higher-by-year-end/

Economist Alex Krüger Says ‘Base Case’ Is Ethereum at New All-Time Highs, Bitcoin Much Higher by Year End

Closely followed trader and economist Alex Krüger believes Ethereum (ETH) is headed to new all-time highs (ATHs) due to one key catalyst.

Krüger tells his 175,400 followers on the social media platform X that a possible approval of a spot ETH exchange-traded fund (ETF) as early as this week could send the top altcoin soaring.

The odds for an ETH ETF approval by the U.S. Securities and Exchange Commission (SEC) suddenly increased this week, and ETH rallied by more than 20% in the past day.

He also believes Bitcoin (BTC) will be “much higher” before the end of 2024.

“My base case scenario has been:

- Bitcoin much higher into year-end.
- Ethereum underperforming due to an ETF rejection.
- Ethereum over-performing from the US elections onwards, as elections would lead to a [SEC Chair Gary] Gensler removal and subsequent ETF approval in 2025.

https://www.kitco.com/news/article/2024-04-11/stablecoins-drive-demand-treasuries-and-are-fundamental-us-economy-cantor

Stablecoins drive demand for Treasuries and are fundamental to the US economy – Cantor Fitzgerald CEO

(Kitco News) – Following the launch of multiple spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., financial institutions have slowly started to become more open to the idea of engaging with digital assets, with some recognizing that the underlying blockchain technology will play a pivotal role in financial markets moving forward.

One of the latest chief executives to tout the benefits of crypto is Howard Lutnick, CEO of Cantor Fitzgerald LP, a global financial services firm founded in 1945.

According to Lutnick, who spoke at the Chainalysis conference in New York on Wednesday, stablecoins offer multiple benefits to the US economy, and the tokenization of financial assets will likely increase moving forward.

“Dollar hegemony is fundamental to the United States of America. It matters to us, to our economy,” Lutnick said, according to a report from Bloomberg. “That’s why I’m a fan of properly backed stablecoins. I’m a fan of Tether. I’m a fan of Circle.”

Dear god progressive overload is what you need.  Not sissy squats.

hadi and derek are much more conditioned

E

Derek is way too smooth across the arms, delts and chest. Nick overall would look more conditioned even if he actually might not be.

I’m unfamiliar with this exercise. Please post an illustration like Hulkatron has in his avatar.

It seems those others have caught up to me and are looking for Grayscale outflows (they all missed BTC price suppression I warned of well in advance).

It’s pretty obvious the 2 outcomes possible.

The ETF is starting to get front run.

Come on now Mayday. Maybe we both have a different understanding of the word suppression but to me it means stopping something. I guess it could also mean slowing something down. Checked the definition for it and it turns out it can mean both those things!

Grayscale did not stop the upward price action on BTC that could be attributed to ETF flows, but it did slow down how fast it went up. This is fact as we have seen the overall flows from the ETFs. We can agree on this?

With regards to the ETH ETF I don't think there will be as much interest as BTC ETF so outflows from the Greyscale product could be a lot more painful.

However the ETF approval takes a lot of heat/bear pressure off ETH over the whole Security issues. More wealthy people/businesses could be inclined to buy spot ETH and set up their own nodes etc. Will be interesting how it all plays out.

Bullish Alts on a longer time frame now too. Btw I picked up a fair amount of Drift Token (got some really good DD on it) up there in the top holder ranks, but not quite a whale.