Retail may have woken up when Bitcoin ($BTC) briefly touched its ATH this week before taking a nosedive. But driving the current price rally is institutional money, and these smarter investors have seen the post-halving rally play out sufficient times to front-run it. $BTC sees biggest outflows in 5 years as price rallies higher- more and more holders are self custodying. Is retail reawakening?
Small caps are enjoying liquidity overflow, and altcoin season is a matter of when rather than if. On-chain analysts are watching ICOs like hawks and Galaxy Fox ($GFOX) will reach $4 million by next week. Learning how to buy new crypto before listing is a non-negotiable skill in these conditions, and if history repeats itself, new projects will be the top gainers again this cycle.
Bitcoin ($BTC): The Race to Self-Custody
Investors are pulling their $BTC off exchanges. Van Straten, leveraging data from GlassNode, highlighted that on March 1st, roughly $2 billion in Bitcoin was removed from exchanges. Outflows like this mean only one thing- investors expect further upside. After the massive car crash of centralized exchanges in 2022, people are taking ownership of their coins following the classic mantra ‘Not Your Keys, Not Your Coins.’
Strangely, these large outflows were not related to ETF activity as would be reasonable to expect. ETFs only made up $200 million of these outflows, and currently, Bitcoin available on exchanges rests at its lowest level since March 2018. The explanation? $BTC teetering next to its ATH has reawakened investors that have perhaps left the market in the last year.
The net message is clear. Investors expect further upside, and Bitcoin remains a top crypto to buy this cycle. The supply shock meme is real, and there simply are not enough coins to meet demand.
Galaxy Fox ($GFOX) Will Reach $4 Million Next Week
Galaxy Fox is one of 2024’s most exciting projects, and this new hybrid model is expected to reach $4 million in its presale next week. On-chain analysts forecast it shattering this expectation violently. Built from the ground up to distribute value and maximize ecosystem activity, this gem is a project that highlights the importance of knowing how to buy new crypto before listing.
Staking rewards are a central feature, and the correlation between ecosystem activity and payouts turns any $GFOX holder into a stakeholder. The taxation system funding these payouts is also leveraged to drive growth via the Treasury, which will roll out a wave of marketing initiatives. Each swap or action within the ecosystem will fund the Treasury and allow subsequent users to be onboarded into this galactic ecosystem- a massive win in the attention economy.
The play-to-earn game is an endless runner reminiscent of Temple Run but with Web3 seasoning. At the end of each season, the top 20% of the leaderboard wins prizes, and including a P2E component into the classic high-octane upside of a memecoin is a winning mix. Galaxy Fox has it all: entertainment and 100X upside. This small-cap going to market in bullish conditions means an explosive price discovery phase and is already being labeled as one of the top cryptos to buy right now.
Closing Thoughts: The On-Chain Renaissance
Investors are pulling $BTC off exchanges, and presales are enjoying massive funding. The on-chain Renaissance is occurring before our eyes, and anybody unfamiliar needs to brush up. Learning how to buy new crypto before listing with the $GFOX presale is a great place to start.
Investors are expecting more upside, and if a giant like $BTC can print 2X returns in the coming months, a micro-cap like Galaxy Fox can easily print 100X returns. Join this exciting cosmic journey today and grab your $GFOX allocation before the presale closes.
Learn more about $GFOX here:
Visit Galaxy Fox Presale | Join the Community
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
