UBS just took its spot Bitcoin ETF stack up 230% to $90M, and that’s the kind of TradFi follow-through I watch 👀
Even with $BTC sitting at $63,446.13 and basically flat on the day, the setup still feels constructive. RSI on the 4h is only 41, volume is running below the 20d average, and price is still near the top end of the 30d range. MAs are chopping, but funding at 0.010% says longs are still willing to pay up.
Quiet tape, but the institutional bid keeps showing itself. #BTC #Bitcoin
Source: @WatcherGuru on X.
Even with $BTC sitting at $63,446.13 and basically flat on the day, the setup still feels constructive. RSI on the 4h is only 41, volume is running below the 20d average, and price is still near the top end of the 30d range. MAs are chopping, but funding at 0.010% says longs are still willing to pay up.
Quiet tape, but the institutional bid keeps showing itself. #BTC #Bitcoin
Source: @WatcherGuru on X.