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Willy Woo Profile picture
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26 Mar, 4 tweets, 2 min read
According to CT, NZ Pension fund deployed 5% into BTC back in Oct 2020 (2 months after MicroStrategy).

Sep 2020 it was $1.75b NZD AUM. That's roughly a $60m USD buy of BTC.

cointelegraph.com/news/new-zeala…
BTC would represent 20%+ of the fund in March 2021. I imagine they would have rebalanced since then, selling down some of their GBTC the last few weeks, given it's a diversified fund.
This is probably the original article from Stuff. It cites $350m AUM, some mismatch from my own search finding $1.75b AUM Sep 2020.

stuff.co.nz/business/12463…
3%-10% of Kiwi salary and wage income deploys into KiwiSaver, they have the option to pick the Growth Fund which is exposed to BTC. Hint hint.

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More from @woonomic

Willy Woo Profile picture
25 Mar
Hmmmm..... Rick Astley spotted buying the dip, rabidly.
Zooming in from weekly to daily... oh yes. Today we have a new all-time-high in BTC leaving the exchanges for 2021. And a new dip buying prize to award.
It's also a new Rick Astley high score.

Remember, the red bars is the daily count of coins moving to Rick Astley, the HODLer of last resort, who never gives up or deserts BTC.
Read 4 tweets
Willy Woo Profile picture
23 Mar
The 2015 -> 2017 bull market
"Making a name"

Density map of the coin supply at the price they last moved. #Bitcoin
The 2012 -> 2013 bull market
"Mt Gox and Silkroad"
The 2019 -> 2021 bull market
"The Herd"
Read 4 tweets
Willy Woo Profile picture
19 Mar
A tale of 3 charts...

From March 2020, #Bitcoin undergoes steep and continued supply shock in sync to USD money printing.

1) Speculative inventory on exchanges deplete.
2) Supply held by speculative "weak hands" deplete.

These are the coins held by wallet users that have a history of selling coins.

This is conservative as BTC held by "strong hands" using exchanges as custody will be classified as "highly liquid" / "weak hands" in this chart.
3) USD money printing took a steep inflationary jump starting March 2020.
Read 6 tweets
Willy Woo Profile picture
16 Mar
Appreciate the dialog @ki_young_ju.

1) me: Whales dumping Gemini is bogus data
2) @glassnode: it's an internal transfer
3) @cryptoquant_com: it's an external transfer
4) @coinmetrics: it's BlockFi

Me: warning 28,300 traders of whales dumping needs fact-checking.
Full chrono breakdown of events as they came to me.

TLDR; Ultimately we have a responsibility to fact-check and take all due care before releasing data.
Markets dumped immediately after @cryptoquant_com issued a warning of Whales dumping into Gemini.

It's actually the second time in a month that this occurrence has happened.
Read 11 tweets
Willy Woo Profile picture
16 Mar
The @cryptoquant_com "data error" debate.

Did a whale send in 18k of BTC into Gemini to dump the markets? Or was it a data error?

This alert was sent out to 28,300 traders warning of whale dumping. Speculators sold off minutes later.
This chart shows Gemini prices vs the average of Coinbase and Binance.

When the warning was sent out to traders, Gemini price did not dip relative to others which is what dumping there would look like. In fact it rose indicating net purchasing on that exchange.
Gemini trades $100m-$200m per day; that's insufficient liquidity to absorb a $1b sell. Price moves 2% on a $2m order there.

It makes no sense sell on Gemini.

Data: @coingecko
Read 7 tweets
Willy Woo Profile picture
30 Jan
While we are in the first great consolidation of the 2021 bull market, here's a bunch of charts to get the feel of where we are in this bull cycle.

👇
SOPR tracks profit-taken when coins being sold. It hit the 1.0 line which means we completely reset. To go lower we'd need to have investors sell at a loss. This would need a bear phase (that's is NOT on the cards with the current setup) Image
Here's how it looks in the longer time frame (1 week SOPR). Pretty close to a full reset, Elon kind of screwed with it, bounced us early. Image
Read 7 tweets

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