00:00:00: Bitcoin to eighty five thousand US dollars, a new Ethereum ETF thanks to dividends via staking and Solana with great ETF inflows this week.

00:00:13: That and more in the crypto talk this week!

00:00:26: This

00:00:30: video is not financial advice.

00:00:34: In this weeks episode we will talk about bitcoin.

00:00:37: We'll specifically focus on the eighty five thousand US dollar price line and how exactly we can get there.

00:00:44: Then, will talk about the theorem at the end.

00:00:46: also talked about Solana and the ETF flows their.

00:00:50: but first let's start with this new story right here because eighty-five thousand us dollars seems to be fairly close now that we've held the eighty thousand level throughout the week.

00:01:01: And if you look at funding rates they actually don't look bad.

00:01:05: The Funding Rates are current sitting at around a six percent, which is neutral to bullish.

00:01:11: And if we look at the year kind of stats so far it was more on that negative side.

00:01:17: So It Is Clear That There Was A Switch That Happened In Bitcoin Trading Over The Last Couple Of Weeks and People Have Turned Bullish Once Again!

00:01:27: And That Will Of Course Help The Bitcoin Price To Rise A Bit Further.

00:01:31: Now On One Side We have Bitcoin Miners Pivoting Towards AI Because the AI margins are just better.

00:01:38: But on the other side, we do have a stable Bitcoin price which at But on the other side, you still have to Bitcoin mining capabilities that will just be more profitable when the bitcoin price increases because your expenses are very much at this same.

00:02:11: still, if we look at it from a kind of general perspective.

00:02:14: But at the same time, We do see a lot of bigger Bitcoin miners at least investing into AI so that will help those companies to improve their margins but might cost us some hash rate problems as well.

00:02:31: now If you can clearly see this upwards trend here and hear The big question Will become whether This was already this run, because as you can see here we've had this very nice run.

00:02:44: Here the big question will arise what exactly will happen at this line?

00:02:50: Because technically we could either kind of range for a while so or we can probably shoot through and go towards eighty five to ninety thousand us dollars.

00:03:06: Now if you look at the kind of futures premium, We might actually go for eighty-five thousand US dollars.

00:03:12: that this might also happen even this week Because we kind of blasted through eighty two thousand US dollars close to eighty three then kind of retest at around eighty and now We're kind of gaining speed once again.

00:03:25: To go towards eighty five to ninety thousand us Dollars so very possible that we might see higher numbers down the road, And of course psychologically eighty-five Ninety-ninety-five.

00:03:37: all these a kind of five thousand u.s.. Dollar limits do seem to be quite off interest for the traders.

00:03:44: Now next up We have Ethereum and we're talking about sharp link actually contributing around a hundred million US dollars in staked ether to a galaxy managed fund, which is the Galaxy Sharpling on chain yield Fund.

00:03:59: Which will be expected to launch in a couple of weeks with around one hundred twenty five million us Dollars any initial commitments?

00:04:07: And that off course that we see some kind of staking component here as well.

00:04:13: And it seems to be, this is the new trend especially for Ethereum.

00:04:17: Now if you compare these two big companies such as Bitmine We have around USDUSD or Revenue being generated by just bitmine alone Just by their staking components.

00:04:31: As you remember they had about USDUUSD worth of ETH And most of that is staked.

00:04:37: So, that's a very nice revenue driver for them!

00:04:42: Now if we look at the Ethereum chart... We can also slowly but surely see rise here in terms of getting closer to two and half thousand although we're still struggling.

00:04:55: so Ethereum seems struggle-still pretty much in middle range.

00:05:00: no big changes unless this one breaks me to the last news story, which is the Solana ETF.

00:05:08: Which has kind of had this crazy rally.

00:05:11: two round and ninety six US dollars just a thirty percent in open interest rising over The Last Couple Of Days clearly means that interest.

00:05:24: Now, if we look at the Solana ETF net flows.

00:05:27: We can clearly see also here additional capital is being flown kind of into Solanas world.

00:05:35: and If we look At The open interest in general?

00:05:37: We Can Also See That Solana has Been Rising In Terms Of Open Interest Here As Well.

00:05:43: So It Climbed To Around Six Point Four Billion US Dollars From Around four point nine on May First Which Is About A Thirty Percent Increase In Just Two Weeks.

00:05:52: so it Looks Like like Solana is getting a lot more interest.

00:05:56: And of course, price wise that helped because Solana has climbed slowly but surely above ninety US dollars.

00:06:03: and this actually the second time we've broken out off this range.

00:06:06: first-time was not enough.

00:06:08: in here were at very deciding point on weekly chart beacuse just broke it up to upper part if you will.

00:06:17: about ninety four now going for retest this up until around a hundred twenty US dollars easily, in my opinion.

00:06:28: But if the retest doesn't hold you can probably trade us down to round seventy six US dollars.

00:06:35: so quite interesting trade option here for Solana which seems to gain more power down the road.

00:06:42: and that was it from The Crypto Talk.

00:06:44: And If You Don't Want To Miss Any Other Crypto News Make Sure That You're Subscribed Today's Channel.

00:06:48: I Will See On The Next One.

00:06:49: Have A Good One.

00:06:50: Trading and investing care risks including capital loss.

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