SBF Testifying in His Criminal Trial, GBTC Traders Rake in 220% Gains

Bitcoin is showcasing its resilience and independence, marking its 7th consecutive green candle and staying strong for 12 days without a dip of more than 1%. Since September 1st, Bitcoin has surged by an impressive 34%, remarkably decoupling from the Nasdaq, which witnessed an 8.6% decline during the same timeframe.

P.S. After uploading, I realized there was a slight mechanical sound in the audio because of the two mics. Sorry about that! We'll get that fixed for the next episode.

In This Episode:

• BTC on 7th consecutive green candle, 12 days since it lost more than 1%
• Bitcoin is up 34% since September 1st as it decouples from the Nasdaq which is down -8.6% in the same period
• Bitcoin Dominances creeping up to 60% - a key level for the beginning of an altcoin rally
• Plan B's S2F Model - will it have any validity?
• GBTC traders are raking in the cash as it outperforms Nvidia and closes in on the NAV gap (down to 13% from 46% earlier this year)
• SBF will testify today in his criminal trial after the Prosecution rested their case and judge refused the defense's request for dismissal

As Bitcoin's dominance inches closer to the 60% mark, the crypto community is buzzing with anticipation for a potential altcoin rally. Amidst this bullish momentum, Plan B's Stock-to-Flow (S2F) model is making a comeback, sparking debates on its relevance and predictive power in the current market scenario.

Meanwhile, GBTC traders are having a field day, witnessing outperformance against giants like Nvidia and significantly closing the NAV gap, which has shrunk from 46% to a mere 13% this year.

In other major news, all eyes are on Sam Bankman-Fried (SBF) as he prepares to testify in his high-profile criminal trial. This comes after a series of dramatic courtroom events where the prosecution wrapped up their case, and the judge denied the defense's plea for dismissal. Join us as we delve deep into these pivotal moments shaping the crypto world!

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