Vetle Lunde
@VetleLunde
Head of Research at @K33Research, @K33HQ.
Having a good time with my bitcoin and my crypto and everything else that I'm playing with.
2.2K Following 12K Followers
Third-largest weekly BTC purchase by MSTR ever
Strategy has acquired 34,164 BTC for ~$2.54 billion at ~$74,395 per bitcoin and has achieved BTC Yield of 9.5% YTD 2026. As of 4/19/2026, we hodl 815,061 $BTC acquired for ~$61.56 billion at ~$75,527 per bitcoin. $MSTR $STRC
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Stating the obvious, but...
Selling BTC at its deepest drawdown in 4y while
a) a $12T AUM broker rolls out crypto trading
b) the largest U.S. mortgage player launches BTC-backed loans
c) one of the world’s biggest banks launches a BTC ETF
…might not be the smartest move?
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30-day average funding rates in Binance's BTCUSDT perp have now been negative for 46 consecutive days, matching the streak from Nov 11 to Dec 26, 2022.
In the Nordics, owning crypto is more common than direct equity investments among young adults!
This and more is covered in our 2026 Nordic Crypto Adoption Report!
A particularly striking finding is how far crypto adoption has come among younger adults.
More young Nordics now own crypto than directly own stocks, with roughly 1.53 million crypto owners compared to 0.94 million equity owners in comparable age groups.
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Our annual Nordic Crypto Adoption Survey is out.
Though regional, the findings mirror trends across developed markets. These results are globally relevant due to shared adoption patterns and evolving investor behavior.
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Traders are paying substantial premiums for the privilege of shorting bitcoin, and they have been doing this for quite some time.
Chart 1: Mar 11 recorded the 7th lowest annualized daily funding rate since Jan 1, 2023. Mar 12 recorded the 11th lowest.
Chart 2: Weekly funding rates have returned to deep negative levels.
Chart 3: Even the 30-day average has been negative for 14 consecutive days, the longest streak since December 2022.
Chart 4: BTC vs. 30-day average funding rate.
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Well, suddenly, perp traders woke up.
Notional open interest on Binance's BTCUSDT perp is up 7,547 BTC over the past four hours. We have not seen 4 4-hour growth of a similar magnitude since 2023.
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Gold on path to see its largest daily drawdown since March.
March 1980, that is.
Trading like physical bitcoin!
Notional open interest in BTC perps back at yearly highs
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