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As an analyst, I’ve been tracking the recent performance of the 11 spot bitcoin ETFs that launched in the U.S. While they initially saw strong inflows, bringing in $3.29 billion in March and April, we’re now seeing those funds start to flow *out*. And it’s happening on a significant scale.

And what of the crypto industry’s grand narrative, which dares to portray everyday digital asset investors as a mighty voting bloc? Alas, it crumbles like a poorly constructed soliloquy. Hundreds of millions spent on political theatrics, and for what? A mere 4% of the audience remains awake in their seats!

Key Takeaways:

So, Bitcoin’s $80k floor? Cracked like a cheap vase. Thanks, inflation and geopolitical tension. Xi’s Taiwan warning was the cherry on top of this chaotic sundae.

Dogecoin’s price is rising after it moved above $0.110, performing better than both Bitcoin and Ethereum. It has now broken past a key resistance level of $0.1120, signaling a positive trend.

Before the recent downturn, there were three clear signals of potential trouble. The 200-day moving average, the factors that had been driving the price increase, and blockchain data all suggested the market was vulnerable.

In a chat with Laura Shin, the crypto oracle Hayes proclaimed Zcash as the “strongest privacy asset in crypto.” Now, before you start picturing him in a trench coat and sunglasses, whispering about Monero in dark alleys, let’s be clear: Hayes admits he’s “not a cryptographer.” But hey, who needs a degree when you’ve got opinions and a Substack, right? He’s read the arguments, chatted with developers, and decided Zcash is the bee’s knees. Monero? Pfft. Close, but no cigar.

Key Takeaways, if one must be so mundane: