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# ![@larsdevriez Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::961216218806960129.png) @larsdevriez Lars de Vries

Lars de Vries posts on X about bitcoin, $btc, $mstr, $strk the most. They currently have XXX followers and XX posts still getting attention that total XXX engagements in the last XX hours.

### Engagements: XXX [#](/creator/twitter::961216218806960129/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::961216218806960129/c:line/m:interactions.svg)


### Mentions: XX [#](/creator/twitter::961216218806960129/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::961216218806960129/c:line/m:posts_active.svg)


### Followers: XXX [#](/creator/twitter::961216218806960129/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::961216218806960129/c:line/m:followers.svg)


### CreatorRank: XXXXXXXXX [#](/creator/twitter::961216218806960129/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::961216218806960129/c:line/m:influencer_rank.svg)

### Social Influence [#](/creator/twitter::961216218806960129/influence)
---

**Social category influence**
[cryptocurrencies](/list/cryptocurrencies)  [stocks](/list/stocks)  [finance](/list/finance)  [automotive brands](/list/automotive-brands)  [fashion brands](/list/fashion-brands)  [exchanges](/list/exchanges) 

**Social topic influence**
[bitcoin](/topic/bitcoin), [$btc](/topic/$btc) #3967, [$mstr](/topic/$mstr) #505, [$strk](/topic/$strk) #66, [mstr](/topic/mstr), [$smlr](/topic/$smlr) #19, [iv](/topic/iv) #1145, [strk](/topic/strk) #52, [has been](/topic/has-been), [rates](/topic/rates)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Strategy (MSTR)](/topic/$mstr) [Strike (STRK)](/topic/$strk) [Semler Scientific, Inc. (SMLR)](/topic/$smlr) [Ethereum (ETH)](/topic/ethereum) [CEREAL (CEP)](/topic/$cep) [KULR Technology Group, Inc. (KULR)](/topic/kulr) [Moonveil (MORE)](/topic/$more) [Morgan Stanley (MS)](/topic/morgan-stanley) [Goldman Sachs (GS)](/topic/goldman-sachs) [HSBC Holdings PLC (HSBC)](/topic/$hsbc) [USDC (USDC)](/topic/usdc)
### Top Social Posts [#](/creator/twitter::961216218806960129/posts)
---
Top posts by engagements in the last XX hours

"No demand they said for the preferred stock offering. Saylor will now turn his attention to diluting $STRK instead of the common stock. I bought $STRK at IPO at $XX with a XX% dividend yield. A $XX offering the yield is now 9%"  
[X Link](https://x.com/larsdevriez/status/1979266845552316758) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T19:22Z XXX followers, XX engagements


"Some other key points which I am trying to interpret. If MSTR is continuing to use the ATM he is then obliged to pay the dividend on $STRK. Also this dividend payment doesn't have to be cash you could receive MSTR shares passively This thing is like a rabbit hole in itself"  
[X Link](https://x.com/larsdevriez/status/1979294194968506440) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:11Z XXX followers, XX engagements


"Closed out my trade on $CEP at $XX way to insane to generate 100%+ in less than XX hours. I will be waiting back for $10-$15. Currently trading at an mNAV of 3-4x"  
[X Link](https://x.com/larsdevriez/status/1979037596740149347) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T04:11Z XXX followers, XXX engagements


"IBIT IBIT IBIT IBIT This ETF behaves completely differently to all the others Only X outflows since Trump took office of $50M"  
[X Link](https://x.com/larsdevriez/status/1979260929444327464) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T18:59Z XXX followers, XX engagements


"Data on exchanges is a fraction of the total liquidity of the market. Since the ETFs most of the coins withdrawn from exchanges have been transferred to institutional custodian wallets. Just a structural re distribution. Theres X million BTC on exchanges. Coins can leave exchanges as quickly as they come on. Fees are at multi year lows most exchanges are incentivised to do UTXO consolidation"  
[X Link](https://x.com/larsdevriez/status/1979272003052822823) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T19:43Z XXX followers, XX engagements


"Spot has been leading this leg higher in $BTC"  
[X Link](https://x.com/larsdevriez/status/1979310130970923127) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T22:14Z XXX followers, XX engagements


"Pretty much called the bottom in $BTC LTH supply at the moment. Since then we have seen the cohort grow by 20k $BTC which makes sense as we are seeing investors who bought the yen carry unwind dip"  
[X Link](https://x.com/larsdevriez/status/1979310454221738195) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T22:16Z XXX followers, XX engagements


"This chart encapsulates the supply and demand imbalance in $BTC right now"  
[X Link](https://x.com/larsdevriez/status/1979312300009099761) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T22:23Z XXX followers, XX engagements


"Funding rates in $BTC yesterday went negative for a very brief moment once again marked a local bottom"  
[X Link](https://x.com/larsdevriez/status/1979319438114721818) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T22:51Z XXX followers, XX engagements


"Here is the potential wave X of $BTC public treasury companies. $KULR are now firmly a $BTC treasury company with two separate acquisitions. The rest have all announce intentions for a $BTC strategy none have executed. $1M announcements seems to be the going rate"  
[X Link](https://x.com/larsdevriez/status/1979320667855294798) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T22:56Z XXX followers, XXX engagements


"CB traders are going to love $SMLR in 2025. 30-Day IV 138"  
[X Link](https://x.com/larsdevriez/status/1979322259639800114) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T23:02Z XXX followers, XXX engagements


"The recent move in #Bitcoin has been fuelled by naked long positions into the ETFs less emphasis on the basis trade"  
[X Link](https://x.com/larsdevriez/status/1979327843743207570) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T23:25Z XXX followers, XX engagements


"Total transaction fees have just hit the lowest level since 2015 bear market. Miners now getting hit from both the AI and $BTC side now"  
[X Link](https://x.com/larsdevriez/status/1979289097723080866) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T20:51Z XXX followers, XX engagements


"This is insane Mag X + $MSTR trading volume past few weeks"  
[X Link](https://x.com/larsdevriez/status/1979320434245218317) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T22:55Z XXX followers, XX engagements


"Third biggest outflow from #Bitcoin ETFs since launch. The other two times we've seen over $400M were May X and Nov. X. Both local bottoms. Higher"  
[X Link](https://x.com/larsdevriez/status/1979334670207811624) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T23:52Z XXX followers, XX engagements


"Gmoonveil $MORE looks good here @Moonveil_Studio @Moonveil_Meej"  
[X Link](https://x.com/larsdevriez/status/1978818602611397048) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T13:41Z XXX followers, XX engagements


"There are two markets: the Bitcoin spot market and everything else. In terms of percentage daily drawdowns we've seen at least XX more severe one-day drawdowns since 2020. COVID comparisons are unjustified"  
[X Link](https://x.com/larsdevriez/status/1978859839888433439) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T16:25Z XXX followers, XX engagements


"Just some of my thoughts: I was pretty much offside/wrong as October started as bitcoin mooned and went to all-time highs within the first week. I was expecting a pull-back and now here we are. A CME futures gap was open at the end of September around $110000 which I was convinced it was going to it usually takes up to two weeks for them to be closed. (Yes I know gaps are only 90-95% accurate)"  
[X Link](https://x.com/larsdevriez/status/1978861096166367478) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T16:30Z XXX followers, XX engagements


"In five days Bitcoin's market cap has increased by $250B. Equivalent to the value of Morgan Stanley HSBC or Goldman Sachs"  
[X Link](https://x.com/larsdevriez/status/1978899294821187997) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T19:02Z XXX followers, XX engagements


"BTC bull market is just starting"  
[X Link](https://x.com/larsdevriez/status/1978899495866843533) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T19:03Z XXX followers, XX engagements


"Historically BTC VOL looks incredibly cheap right now. I believe the market is underpricing volatility as IV doesnt match my expectation for realized volatility going forward into Q4"  
[X Link](https://x.com/larsdevriez/status/1978900047765868937) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T19:05Z XXX followers, XX engagements


"Data gets quite interesting over the next few days. Yen carry trade unwind was almost XX months ago exactly. XX% correction from 66k to 49k. Joint biggest correction of the cycle so far. Currently XX% have held btc for the past XX months been trending down. Expect this to start trending higher"  
[X Link](https://x.com/larsdevriez/status/1978941850154340430) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T21:51Z XXX followers, XX engagements


"CME Gap formed between $114355 and $1156700 That will most likely be getting filled in. The question is will $120k happen before or after"  
[X Link](https://x.com/larsdevriez/status/1978963111492088270) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T23:15Z XXX followers, XXX engagements


"The UK ponzi scheme (housing market) is collapsing. Need. Moar. State. Intervention"  
[X Link](https://x.com/larsdevriez/status/1978963384407072773) [@larsdevriez](/creator/x/larsdevriez) 2025-10-16T23:16Z XXX followers, XX engagements


"Bitcoin funding rates are negative. As always bears are late. Squeeze the shorts"  
[X Link](https://x.com/larsdevriez/status/1978976818150453609) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T00:10Z XXX followers, XX engagements


"Bitcoin 200WMA about to cross $50000 CC @adam3us"  
[X Link](https://x.com/larsdevriez/status/1978978810994311646) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T00:18Z XXX followers, XX engagements


"UK unemployment hits a four year high payrolls tank. I expect in the next 6-12 months the UK unemployment rate will be at X% (including AI taking jobs). Bitcoin is your life raft time to flock to it"  
[X Link](https://x.com/larsdevriez/status/1978987191482130714) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T00:51Z XXX followers, XX engagements


"Biggest one day change in OI on CME since Feb = 15K BTC. Basis trade is yielding XX% annualized. Risk is coming back into the market"  
[X Link](https://x.com/larsdevriez/status/1979015796857704623) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T02:45Z XXX followers, XX engagements


"Accretive Dilution. Increase BTC per share. Leverage Capital market instruments. Increase Volatility BTC per share"  
[X Link](https://x.com/larsdevriez/status/1979024415615566186) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T03:19Z XXX followers, XX engagements


"Here's my math on the 21/potential SPAC deal Component Value BTC (net exposure): $3.42B Cash Raised (PIPE + Convert): $540M Softbank buy-in value: $987M Total Economic Exposure: $4.9B$5B range"  
[X Link](https://x.com/larsdevriez/status/1979037802055479459) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T04:12Z XXX followers, XX engagements


"Or the X year cycle is in check and we are lagging behind"  
[X Link](https://x.com/larsdevriez/status/1979042724327092353) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T04:32Z XXX followers, XX engagements


"Bitcoin open interest is soaring 30K BTC increase. Funding rates are negative. Price rallying. Squeeze the shorts many shorts will cover simultaneously"  
[X Link](https://x.com/larsdevriez/status/1979042844024123791) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T04:32Z XXX followers, XX engagements


"Bitcoin at current prices is XX% higher than its 200WMA. Another meaningful divergence from U.S equities"  
[X Link](https://x.com/larsdevriez/status/1979046347748598196) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T04:46Z XXX followers, XX engagements


"Short-term holders were roughly XX% underwater on aggregateputting us in a zone of the yen carry trade in August. Similar situation with leveraged basis trades being unwound. Given I still think BTC is in a bull-market a XX% pullback from all-time highs was expected. Especially with good news not moving the needle on BTC above $100k. I've been surprised how well BTC has held up with US equity weakness. The conversations I've had with tradfi a lot of people have noticed this"  
[X Link](https://x.com/larsdevriez/status/1979046506851082390) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T04:47Z XXX followers, XX engagements


"The greatest generational buy was X years ago today. Bitcoin dropped from $7.9k to $4.8k"  
[X Link](https://x.com/larsdevriez/status/1979220907596943652) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T16:20Z XXX followers, XX engagements


"I just dont agree. Over leveraged was at multi year highs going into the election Profit-taking was also extremely extensive once bitcoin was at 100k this was a huge milestone for investors for years"  
[X Link](https://x.com/larsdevriez/status/1979224328374833313) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T16:33Z XXX followers, XX engagements


"Bought more Bitcoin because its so painfully obvious"  
[X Link](https://x.com/larsdevriez/status/1979224419030520096) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T16:34Z XXX followers, XX engagements


"Strategy with a 10%+ day yesterday. Back to back days 30M volume shares traded for Strategy. 30-Day Implied Volatility is back over XX. Interest in the stock is coming back greater chance of convertible bonds coming"  
[X Link](https://x.com/larsdevriez/status/1979224656067416367) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T16:35Z XXX followers, XX engagements


"This wasn't there last week. Looks like a massive whale bought the dip. This shows the prices at the current set of Bitcoin UTXOs were created"  
[X Link](https://x.com/larsdevriez/status/1979224777601569148) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T16:35Z XXX followers, XX engagements


"Since 2018 Bitcoin's price has always dropped below its realized price in Q1 of that year. i.e no free lunch for any new cohort"  
[X Link](https://x.com/larsdevriez/status/1979235882864435246) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T17:19Z XXX followers, XX engagements


"Bitcoin on Feb X most likely moved up X% on the $MSTR preferred stock purchase of roughly $XXX million"  
[X Link](https://x.com/larsdevriez/status/1979255508948210045) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T18:37Z XXX followers, XX engagements


"Welcome to the XXX club $STRK Dividend just adjusted to 8%"  
[X Link](https://x.com/larsdevriez/status/1979255706285985933) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T18:38Z XXX followers, XX engagements


"Thank fuck for Bitcoin These guys are clowns"  
[X Link](https://x.com/larsdevriez/status/1979255828495352093) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T18:38Z XXX followers, XX engagements


"As financial conditions continue to loosen Bitcoin will continue making new highs. Bitcoin became even further entrenched into the financial system with the addition of the ETFs and options"  
[X Link](https://x.com/larsdevriez/status/1979260158438961572) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T18:56Z XXX followers, XX engagements


"Lets be honest this a concern. Bitcoin wrappers are killing on-chain fees"  
[X Link](https://x.com/larsdevriez/status/1979260552896557318) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T18:57Z XXX followers, XX engagements


"Short-Term holders have hit 4M Bitcoin as a cohort. That is XX% of the 2017 peak and XX% of the 2021 peak. Accumulated 1.6M BTC since the bottom in September. Note the distribution is decreasing from LTHs. Seller exhaustion will occur the longer BTC consolidates around $100k"  
[X Link](https://x.com/larsdevriez/status/1979261152661029077) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T19:00Z XXX followers, XX engagements


"Big weakness for $BTC today during US market. Seems like notable sell offs at certain periods of the day"  
[X Link](https://x.com/larsdevriez/status/1979261303777624260) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T19:00Z XXX followers, XX engagements


"What a deal I needed some new golf attire and @saylor got some fiat to buy $BTC. I just bought the Strategy Mens Nike Quarter Zip"  
[X Link](https://x.com/larsdevriez/status/1979272252014367172) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T19:44Z XXX followers, XX engagements


"This is the one and only chart to show Ethereum dying against Bitcoin. Next cycle will be glorious"  
[X Link](https://x.com/larsdevriez/status/1979293594990317981) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:09Z XXX followers, XX engagements


"Breaking: Satoshi holds benchmark rate at XXX $BTC mined per day inflation stays steady at 0.8%. Satoshi does not need to speak as no forward guidance is needed"  
[X Link](https://x.com/larsdevriez/status/1979293787311821275) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:09Z XXX followers, XX engagements


"Czech Central Bank wants to buy $BTC. Over here BOE have created a new money printing tool for future Gilt Market Dysfunction. UK going into its own 4th world category"  
[X Link](https://x.com/larsdevriez/status/1979293909969719379) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:10Z XXX followers, XX engagements


"Ethereum should be entering the banana zone any moment"  
[X Link](https://x.com/larsdevriez/status/1979293997723193465) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:10Z XXX followers, XX engagements


"he doesnt think it will compete with his CBs complimentary. Long term investor = perpetual preferred stock Short term investor = CB (2-8 years)"  
[X Link](https://x.com/larsdevriez/status/1979294375911002451) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:12Z XXX followers, XX engagements


"This is wild. After $SMLR announced the convertible bond on thursday the volume on the stock yesterday was over 2.3M. One of the highest trading volume days. IV jumped by XX points. This is exactly what an options market provides huge volatility and volume"  
[X Link](https://x.com/larsdevriez/status/1979295009166823825) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:14Z XXX followers, XXX engagements


"Stablecoin supply has now hit $200B and I believe this is the reason why everyone is now saying "digital assets" and not "Bitcoin" and I am all for it. On a 90-day change (Since Trump Won the election) its been up only in stablecoin supply. USDT has increased by $20B ($140B total supply) USDC has increased by $17B ($52B total supply)"  
[X Link](https://x.com/larsdevriez/status/1979302783846080953) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:45Z XXX followers, XX engagements


"Jesus - $500M of $BTC OI has just been added to the market. 😂"  
[X Link](https://x.com/larsdevriez/status/1979303284327227568) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T21:47Z XXX followers, XX engagements


"Twice in two days $MSTR is on the front page of the Nasdaq with the Mag X. Most Active by Dollar Volume"  
[X Link](https://x.com/larsdevriez/status/1979322117213819311) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T23:02Z XXX followers, XX engagements


"Officially X million $BTC has now been spent by LTHs. 14.2M to 13.2M Yesterday LTHs spent 70k BTC alone fourth biggest sell-off in the past X years. Market is absorbing it incredibly well"  
[X Link](https://x.com/larsdevriez/status/1979327496463282577) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T23:23Z XXX followers, XX engagements


"$SMLR 30-day IV has consistently remained above XXX since options launcheddue to short-term uncertainty"  
[X Link](https://x.com/larsdevriez/status/1979327624012009799) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T23:24Z XXX followers, XX engagements


"$MSTR products brought in XX% of the entire volume today of #Bitcoin related products"  
[X Link](https://x.com/larsdevriez/status/1979328006243189121) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T23:25Z XXX followers, XX engagements


"Analysis still stands strong that $MSTR provides downside protection on spot $BTC"  
[X Link](https://x.com/larsdevriez/status/1979334839821308072) [@larsdevriez](/creator/x/larsdevriez) 2025-10-17T23:52Z XXX followers, XXX engagements

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

@larsdevriez Avatar @larsdevriez Lars de Vries

Lars de Vries posts on X about bitcoin, $btc, $mstr, $strk the most. They currently have XXX followers and XX posts still getting attention that total XXX engagements in the last XX hours.

Engagements: XXX #

Engagements Line Chart

Mentions: XX #

Mentions Line Chart

Followers: XXX #

Followers Line Chart

CreatorRank: XXXXXXXXX #

CreatorRank Line Chart

Social Influence #


Social category influence cryptocurrencies stocks finance automotive brands fashion brands exchanges

Social topic influence bitcoin, $btc #3967, $mstr #505, $strk #66, mstr, $smlr #19, iv #1145, strk #52, has been, rates

Top assets mentioned Bitcoin (BTC) Strategy (MSTR) Strike (STRK) Semler Scientific, Inc. (SMLR) Ethereum (ETH) CEREAL (CEP) KULR Technology Group, Inc. (KULR) Moonveil (MORE) Morgan Stanley (MS) Goldman Sachs (GS) HSBC Holdings PLC (HSBC) USDC (USDC)

Top Social Posts #


Top posts by engagements in the last XX hours

"No demand they said for the preferred stock offering. Saylor will now turn his attention to diluting $STRK instead of the common stock. I bought $STRK at IPO at $XX with a XX% dividend yield. A $XX offering the yield is now 9%"
X Link @larsdevriez 2025-10-17T19:22Z XXX followers, XX engagements

"Some other key points which I am trying to interpret. If MSTR is continuing to use the ATM he is then obliged to pay the dividend on $STRK. Also this dividend payment doesn't have to be cash you could receive MSTR shares passively This thing is like a rabbit hole in itself"
X Link @larsdevriez 2025-10-17T21:11Z XXX followers, XX engagements

"Closed out my trade on $CEP at $XX way to insane to generate 100%+ in less than XX hours. I will be waiting back for $10-$15. Currently trading at an mNAV of 3-4x"
X Link @larsdevriez 2025-10-17T04:11Z XXX followers, XXX engagements

"IBIT IBIT IBIT IBIT This ETF behaves completely differently to all the others Only X outflows since Trump took office of $50M"
X Link @larsdevriez 2025-10-17T18:59Z XXX followers, XX engagements

"Data on exchanges is a fraction of the total liquidity of the market. Since the ETFs most of the coins withdrawn from exchanges have been transferred to institutional custodian wallets. Just a structural re distribution. Theres X million BTC on exchanges. Coins can leave exchanges as quickly as they come on. Fees are at multi year lows most exchanges are incentivised to do UTXO consolidation"
X Link @larsdevriez 2025-10-17T19:43Z XXX followers, XX engagements

"Spot has been leading this leg higher in $BTC"
X Link @larsdevriez 2025-10-17T22:14Z XXX followers, XX engagements

"Pretty much called the bottom in $BTC LTH supply at the moment. Since then we have seen the cohort grow by 20k $BTC which makes sense as we are seeing investors who bought the yen carry unwind dip"
X Link @larsdevriez 2025-10-17T22:16Z XXX followers, XX engagements

"This chart encapsulates the supply and demand imbalance in $BTC right now"
X Link @larsdevriez 2025-10-17T22:23Z XXX followers, XX engagements

"Funding rates in $BTC yesterday went negative for a very brief moment once again marked a local bottom"
X Link @larsdevriez 2025-10-17T22:51Z XXX followers, XX engagements

"Here is the potential wave X of $BTC public treasury companies. $KULR are now firmly a $BTC treasury company with two separate acquisitions. The rest have all announce intentions for a $BTC strategy none have executed. $1M announcements seems to be the going rate"
X Link @larsdevriez 2025-10-17T22:56Z XXX followers, XXX engagements

"CB traders are going to love $SMLR in 2025. 30-Day IV 138"
X Link @larsdevriez 2025-10-17T23:02Z XXX followers, XXX engagements

"The recent move in #Bitcoin has been fuelled by naked long positions into the ETFs less emphasis on the basis trade"
X Link @larsdevriez 2025-10-17T23:25Z XXX followers, XX engagements

"Total transaction fees have just hit the lowest level since 2015 bear market. Miners now getting hit from both the AI and $BTC side now"
X Link @larsdevriez 2025-10-17T20:51Z XXX followers, XX engagements

"This is insane Mag X + $MSTR trading volume past few weeks"
X Link @larsdevriez 2025-10-17T22:55Z XXX followers, XX engagements

"Third biggest outflow from #Bitcoin ETFs since launch. The other two times we've seen over $400M were May X and Nov. X. Both local bottoms. Higher"
X Link @larsdevriez 2025-10-17T23:52Z XXX followers, XX engagements

"Gmoonveil $MORE looks good here @Moonveil_Studio @Moonveil_Meej"
X Link @larsdevriez 2025-10-16T13:41Z XXX followers, XX engagements

"There are two markets: the Bitcoin spot market and everything else. In terms of percentage daily drawdowns we've seen at least XX more severe one-day drawdowns since 2020. COVID comparisons are unjustified"
X Link @larsdevriez 2025-10-16T16:25Z XXX followers, XX engagements

"Just some of my thoughts: I was pretty much offside/wrong as October started as bitcoin mooned and went to all-time highs within the first week. I was expecting a pull-back and now here we are. A CME futures gap was open at the end of September around $110000 which I was convinced it was going to it usually takes up to two weeks for them to be closed. (Yes I know gaps are only 90-95% accurate)"
X Link @larsdevriez 2025-10-16T16:30Z XXX followers, XX engagements

"In five days Bitcoin's market cap has increased by $250B. Equivalent to the value of Morgan Stanley HSBC or Goldman Sachs"
X Link @larsdevriez 2025-10-16T19:02Z XXX followers, XX engagements

"BTC bull market is just starting"
X Link @larsdevriez 2025-10-16T19:03Z XXX followers, XX engagements

"Historically BTC VOL looks incredibly cheap right now. I believe the market is underpricing volatility as IV doesnt match my expectation for realized volatility going forward into Q4"
X Link @larsdevriez 2025-10-16T19:05Z XXX followers, XX engagements

"Data gets quite interesting over the next few days. Yen carry trade unwind was almost XX months ago exactly. XX% correction from 66k to 49k. Joint biggest correction of the cycle so far. Currently XX% have held btc for the past XX months been trending down. Expect this to start trending higher"
X Link @larsdevriez 2025-10-16T21:51Z XXX followers, XX engagements

"CME Gap formed between $114355 and $1156700 That will most likely be getting filled in. The question is will $120k happen before or after"
X Link @larsdevriez 2025-10-16T23:15Z XXX followers, XXX engagements

"The UK ponzi scheme (housing market) is collapsing. Need. Moar. State. Intervention"
X Link @larsdevriez 2025-10-16T23:16Z XXX followers, XX engagements

"Bitcoin funding rates are negative. As always bears are late. Squeeze the shorts"
X Link @larsdevriez 2025-10-17T00:10Z XXX followers, XX engagements

"Bitcoin 200WMA about to cross $50000 CC @adam3us"
X Link @larsdevriez 2025-10-17T00:18Z XXX followers, XX engagements

"UK unemployment hits a four year high payrolls tank. I expect in the next 6-12 months the UK unemployment rate will be at X% (including AI taking jobs). Bitcoin is your life raft time to flock to it"
X Link @larsdevriez 2025-10-17T00:51Z XXX followers, XX engagements

"Biggest one day change in OI on CME since Feb = 15K BTC. Basis trade is yielding XX% annualized. Risk is coming back into the market"
X Link @larsdevriez 2025-10-17T02:45Z XXX followers, XX engagements

"Accretive Dilution. Increase BTC per share. Leverage Capital market instruments. Increase Volatility BTC per share"
X Link @larsdevriez 2025-10-17T03:19Z XXX followers, XX engagements

"Here's my math on the 21/potential SPAC deal Component Value BTC (net exposure): $3.42B Cash Raised (PIPE + Convert): $540M Softbank buy-in value: $987M Total Economic Exposure: $4.9B$5B range"
X Link @larsdevriez 2025-10-17T04:12Z XXX followers, XX engagements

"Or the X year cycle is in check and we are lagging behind"
X Link @larsdevriez 2025-10-17T04:32Z XXX followers, XX engagements

"Bitcoin open interest is soaring 30K BTC increase. Funding rates are negative. Price rallying. Squeeze the shorts many shorts will cover simultaneously"
X Link @larsdevriez 2025-10-17T04:32Z XXX followers, XX engagements

"Bitcoin at current prices is XX% higher than its 200WMA. Another meaningful divergence from U.S equities"
X Link @larsdevriez 2025-10-17T04:46Z XXX followers, XX engagements

"Short-term holders were roughly XX% underwater on aggregateputting us in a zone of the yen carry trade in August. Similar situation with leveraged basis trades being unwound. Given I still think BTC is in a bull-market a XX% pullback from all-time highs was expected. Especially with good news not moving the needle on BTC above $100k. I've been surprised how well BTC has held up with US equity weakness. The conversations I've had with tradfi a lot of people have noticed this"
X Link @larsdevriez 2025-10-17T04:47Z XXX followers, XX engagements

"The greatest generational buy was X years ago today. Bitcoin dropped from $7.9k to $4.8k"
X Link @larsdevriez 2025-10-17T16:20Z XXX followers, XX engagements

"I just dont agree. Over leveraged was at multi year highs going into the election Profit-taking was also extremely extensive once bitcoin was at 100k this was a huge milestone for investors for years"
X Link @larsdevriez 2025-10-17T16:33Z XXX followers, XX engagements

"Bought more Bitcoin because its so painfully obvious"
X Link @larsdevriez 2025-10-17T16:34Z XXX followers, XX engagements

"Strategy with a 10%+ day yesterday. Back to back days 30M volume shares traded for Strategy. 30-Day Implied Volatility is back over XX. Interest in the stock is coming back greater chance of convertible bonds coming"
X Link @larsdevriez 2025-10-17T16:35Z XXX followers, XX engagements

"This wasn't there last week. Looks like a massive whale bought the dip. This shows the prices at the current set of Bitcoin UTXOs were created"
X Link @larsdevriez 2025-10-17T16:35Z XXX followers, XX engagements

"Since 2018 Bitcoin's price has always dropped below its realized price in Q1 of that year. i.e no free lunch for any new cohort"
X Link @larsdevriez 2025-10-17T17:19Z XXX followers, XX engagements

"Bitcoin on Feb X most likely moved up X% on the $MSTR preferred stock purchase of roughly $XXX million"
X Link @larsdevriez 2025-10-17T18:37Z XXX followers, XX engagements

"Welcome to the XXX club $STRK Dividend just adjusted to 8%"
X Link @larsdevriez 2025-10-17T18:38Z XXX followers, XX engagements

"Thank fuck for Bitcoin These guys are clowns"
X Link @larsdevriez 2025-10-17T18:38Z XXX followers, XX engagements

"As financial conditions continue to loosen Bitcoin will continue making new highs. Bitcoin became even further entrenched into the financial system with the addition of the ETFs and options"
X Link @larsdevriez 2025-10-17T18:56Z XXX followers, XX engagements

"Lets be honest this a concern. Bitcoin wrappers are killing on-chain fees"
X Link @larsdevriez 2025-10-17T18:57Z XXX followers, XX engagements

"Short-Term holders have hit 4M Bitcoin as a cohort. That is XX% of the 2017 peak and XX% of the 2021 peak. Accumulated 1.6M BTC since the bottom in September. Note the distribution is decreasing from LTHs. Seller exhaustion will occur the longer BTC consolidates around $100k"
X Link @larsdevriez 2025-10-17T19:00Z XXX followers, XX engagements

"Big weakness for $BTC today during US market. Seems like notable sell offs at certain periods of the day"
X Link @larsdevriez 2025-10-17T19:00Z XXX followers, XX engagements

"What a deal I needed some new golf attire and @saylor got some fiat to buy $BTC. I just bought the Strategy Mens Nike Quarter Zip"
X Link @larsdevriez 2025-10-17T19:44Z XXX followers, XX engagements

"This is the one and only chart to show Ethereum dying against Bitcoin. Next cycle will be glorious"
X Link @larsdevriez 2025-10-17T21:09Z XXX followers, XX engagements

"Breaking: Satoshi holds benchmark rate at XXX $BTC mined per day inflation stays steady at 0.8%. Satoshi does not need to speak as no forward guidance is needed"
X Link @larsdevriez 2025-10-17T21:09Z XXX followers, XX engagements

"Czech Central Bank wants to buy $BTC. Over here BOE have created a new money printing tool for future Gilt Market Dysfunction. UK going into its own 4th world category"
X Link @larsdevriez 2025-10-17T21:10Z XXX followers, XX engagements

"Ethereum should be entering the banana zone any moment"
X Link @larsdevriez 2025-10-17T21:10Z XXX followers, XX engagements

"he doesnt think it will compete with his CBs complimentary. Long term investor = perpetual preferred stock Short term investor = CB (2-8 years)"
X Link @larsdevriez 2025-10-17T21:12Z XXX followers, XX engagements

"This is wild. After $SMLR announced the convertible bond on thursday the volume on the stock yesterday was over 2.3M. One of the highest trading volume days. IV jumped by XX points. This is exactly what an options market provides huge volatility and volume"
X Link @larsdevriez 2025-10-17T21:14Z XXX followers, XXX engagements

"Stablecoin supply has now hit $200B and I believe this is the reason why everyone is now saying "digital assets" and not "Bitcoin" and I am all for it. On a 90-day change (Since Trump Won the election) its been up only in stablecoin supply. USDT has increased by $20B ($140B total supply) USDC has increased by $17B ($52B total supply)"
X Link @larsdevriez 2025-10-17T21:45Z XXX followers, XX engagements

"Jesus - $500M of $BTC OI has just been added to the market. 😂"
X Link @larsdevriez 2025-10-17T21:47Z XXX followers, XX engagements

"Twice in two days $MSTR is on the front page of the Nasdaq with the Mag X. Most Active by Dollar Volume"
X Link @larsdevriez 2025-10-17T23:02Z XXX followers, XX engagements

"Officially X million $BTC has now been spent by LTHs. 14.2M to 13.2M Yesterday LTHs spent 70k BTC alone fourth biggest sell-off in the past X years. Market is absorbing it incredibly well"
X Link @larsdevriez 2025-10-17T23:23Z XXX followers, XX engagements

"$SMLR 30-day IV has consistently remained above XXX since options launcheddue to short-term uncertainty"
X Link @larsdevriez 2025-10-17T23:24Z XXX followers, XX engagements

"$MSTR products brought in XX% of the entire volume today of #Bitcoin related products"
X Link @larsdevriez 2025-10-17T23:25Z XXX followers, XX engagements

"Analysis still stands strong that $MSTR provides downside protection on spot $BTC"
X Link @larsdevriez 2025-10-17T23:52Z XXX followers, XXX engagements

creator/x::larsdevriez
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