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BILLIONS of Ethereum about to be SOLD!? *THIS* is the real reason Bitcoin is PUMPING!
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BILLIONS of Ethereum about to be SOLD!? *THIS* is the real reason Bitcoin is PUMPING!

Understanding the Reasons Behind Bitcoin's Fall and Rise

In this section, the speaker explains three reasons why Bitcoin fell from 69k to 16k and then rose back up to 30k.

Reasons for Bitcoin's Fall

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  • Aggressive interest rates from the FED causing investors to de-risk
  • Incredible amounts of fraud and leverage in the system that unwound
  • People selling from fear, uncertainty, and doubt from the market overall

Reasons for Bitcoin's Rise

  • Anticipation that the Fed's aggressive rate hikes have slowed down
  • The washout of fraud and leverage in the system is very bullish
  • General continued adoption from all over the world as banks fail, Bitcoin, and crypto shines through

Ethereum Upgrade and Withdrawals

In this section, the speaker talks about an upcoming major upgrade for Ethereum that will unlock more than $30 billion worth of Ether. He also explains how partial withdrawals work.

Ethereum Upgrade

  • Ethereum has a major upgrade in less than 24 hours that will unlock more than $30 billion worth of Ether.
  • Partial withdrawals are anything above the 32 ETH that you have staked that you can sell. Selling anything over the 32 ETH while they are still staked is partial withdrawals.

Concern About Partial Withdrawals Flooding Ecosystem

  • There is concern that now that withdrawals will be enabled, it'll mean Ether tokens flooding the ecosystem.
  • The flood of supply could be a headwind for price.

Overall, the speaker provides insights into why Bitcoin fell and rose again and explains how partial withdrawals work in Ethereum's upcoming upgrade.

Ethereum Staking Rewards and Impact on Price

This transcript discusses the impact of Ethereum staking rewards on price, the number of validators, and the process of withdrawing Ethereum.

Staking Rewards

  • The average validator has about 34 ETH each, which is more than the 32 required to stake.
  • About 565,000 validators have 32 ETH each.
  • Quick math shows that around $2 billion will be immediately available for stakers over five days.
  • Partial withdrawals will not significantly impact price, but full unstaking could be a bigger concern.

Process of Withdrawing Ethereum

  • Full withdrawals will happen over 500+ days.
  • At minimum, it will take about 520 to 550 days to withdraw all Ethereum.
  • Withdrawals depend on the number of validators staking; if there is a big difference in the amount of Ethereum being withdrawn, less can be withdrawn over time.

Impact on Price

  • $100 million worth of ETH is expected to be withdrawn every day for the first ten days.
  • A successful upgrade like this will give confidence to future investors and make Ethereum's network even stronger.
  • There may be a lot of investors who want to stake ETH now that weren't before.
  • This ushers in ethereum's future upgrades with ethereum being deflationary.

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Ethereum's next UPGRADE is scheduled for April 12th, 2023. BILLION of Ethereum is eligible for unlock. $2 BILLION could be sold immediately! HERE is what you need to know. + The REAL reason Bitcoin is PUMPING! We will be at Bitcoin Conference 2023 this year! Use code 'ALTCOINDAILY' for 10% off: https://b.tc/conference/ Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow Aaron on Instagram: https://www.instagram.com/aarontarnold/ Follow Aaron on Twitter: https://twitter.com/aarontarnold Follow Altcoin Daily on Twitter: https://twitter.com/AltcoinDailyio Timestamps: 0:00 - $2 Billion Ethereum about to be SOLD! 0:11 - Why did Bitcoin DUMP to $16k? 1:59 - *THIS* is the real reason Bitcoin is PUMPING! 3:50 - Billions in Ethereum about to be SOLD! 4:24 - Partial Ethereum withdrawals 6:48 - Full Ethereum withdrawals 8:01 - How will this affect Ethereum’s Price **Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin. *********************************************************************** 🏺Support The Channel!!🏺(We Get A Kickback From These Affiliate Links) Support us on Patreon here 👇 and be a part of exclusive content and voting power https://www.patreon.com/AltcoinDaily Protect and store your crypto with a Ledger Nano: https://shop.ledger.com/?r=4b0f6c5711dc Get $10 Sign-Up & Buy Bitcoin With Swan👇 https://www.swanbitcoin.com/aarontarnold/ Buy Bitcoin with Cash App: Try it using my code and we’ll each get $5. MMQHWLG https://cash.app/app/MMQHWLG Sign up for Coinbase & get $10 in free Bitcoin: https://www.coinbase.com/join/arnold_a2r *********************************************************************** Altcoin Daily, the best cryptocurrency news media online! #bitcoin #cryptocurrency #news #btc #ethereum #eth #cryptocurrency #litecoin #altcoin #altcoins #forex #money #best #trading #bitcoinmining #invest #trader #cryptocurrencies #top #investing #entrepreneur #business #success #investment #finance #motivation #coinbase #stocks #wallstreet #investor #wealth #bullish #bearish #cryptolive #altcoindaily ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT! This is NOT an offer to buy or sell securities. Investing and trading in cryptocurrencies is very risky, as anything can happen at any time. This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. *The channel is not responsible for the performance of sponsors and affiliates. Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video. Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL, GMT cryptocurrency, crypto, altcoin, altcoin daily, news, best investment, top altcoins, ripple, best crypto investment, ethereum, xrp, crash, bottom, crash, price, prediction, podcast, interview, finance, stock, investment, too late, bitcoin, cryptocurrency news, bitcoin news, cryptocurrency news media online, defi, should i buy ethereum?, ethereum a good investment, best crypto investments, 2023 prediction, nfts, best nfts, cardano a good investment?, should I buy cardano?, bitboy, coin bureau, binance, coinbase,

BILLIONS of Ethereum about to be SOLD!? *THIS* is the real reason Bitcoin is PUMPING! | YouTube Video Summary | Video Highlight