GM and welcome to The Crypto Nutshell 🥜, your daily burst of crypto intel. We mix expert analysis, the freshest on-chain data, and the latest news with a dash of meme magic. All served compactly right into your inbox every single day. Today we’ll cover:

• Bitcoin reached a new high 🥊 

• Raoul Pal explains what will happen with the current market 🔍

• How this model predicts market highs and lows 📊

• And more…

MARKET WATCH ⚖️

Ready to rumble? 🥊

Let's pull back the curtain on Bitcoin and Ethereum's market prices, while also unearthing today's juiciest crypto news. Get set, it's showtime!

🎉 Bitcoin set a new high for the year, crossing over the $31,000 mark 🎉

BlackRock has revamped its spot Bitcoin ETF filing, revealing Coinbase as its 'surveillance-sharing' ally.

This revelation arrives on the heels of a week rife with challenges for prospective ETF applicants.

The U.S. Securities and Exchange Commission, citing incorrect paperwork, momentarily stalled ETF applications from bigwigs like BlackRock, Ark, Valkyrie, WisdomTree, Invesco and more, sparking a wave of brisk refiling.

EXPERT OF THE DAY - RAOUL PAL 💸

Raoul Pal, renowned founder of Real Vision and macroeconomic maestro, revealed today that the crypto space is on the cusp of a monumental surge in a recent interview with Bankless.

Pal points to key liquidity indicators suggesting the market liquidity has bottomed out and anticipates a steep increase in monetary stimulus, colloquially termed as "MOAR Cowbell" by Raoul or also known as “Money Printer go Brrr”.

He asserts that in such an environment, Tech Stocks and Crypto reign supreme in outpacing currency debasement.

Labelling the current phase as "Crypto Spring", Raoul highlights BlackRock's recent move of refiling its ETF with Coinbase as its beneficiary, interpreting this as the unlocking of floodgates for institutional capital into crypto.

This is vital information for investors keen on capitalising on the burgeoning crypto market. Hold on to your seatbelts.

ON CHAIN DATA DIVE 📊

At first glance, today's chart may seem intricate, but hang tight as we unravel the complexity into an easy-to-understand nugget of knowledge.

The MVRV Z-score effectively spots when market value unusually exceeds realised value, signalling the peak of market cycles, often within a two-week accuracy. This is highlighted by the z-score entering into the pink shaded zone.

Conversely, when the market value is significantly below the realised value (when Z-score enters the green box), it has traditionally indicated profitable Bitcoin buying opportunities.

The key takeaway? We've exited the deep value zone. If you've been diligently dollar-cost averaging in this period, the road ahead looks promising! 💵

CRACKING CRYPTO 🥜

Revitalized from obscurity, Litecoin boasts a robust 183% price hike since last June, buoyed by market resilience and an anticipated halving event. Its recent upgrade, wide adoption, and regulatory clarity fuel the current investor enthusiasm.

Kraken mitigated IRS's excessive data requests, protecting user privacy. Still, it must share details of users trading over $20,000 in crypto annually from 2016-2020.

With a forward-thinking Web3 task force and eased crypto restrictions, Hong Kong is attracting blockchain businesses, posing a competitive alternative to the U.S.'s murky crypto regulations.

Vitalik Buterin stakes a fraction of his Ether, citing multisignature wallet complexities. Charles Hoskinson added that he stakes all of his Cardano.

TRIVIA TIME ✍️

What is the total amount of Bitcoin that can ever be in circulation? 🌀

• A) 44 Million

• B) 21 Million

• C) Infinite

• D) 100 Million

Find out the answer at the bottom of this newsletter 😀

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: B) 21 Million 🎉

Bitcoin has been coded to have a finite supply cap of 21 million coins. Based on the current schedule, it is expected to hit this cap by the year 2140.

DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.