Two different Bitcoins are trading right now.
One is being sold: US spot ETFs lost $1.28B this week, and BlackRock's IBIT alone shed $1.21B.
The other is being bought: Strive added 15,124 BTC in October (SEC filing, now 43,124 BTC total). Kazakhstan's central bank put $90M into Bitcoin ETFs. Hedge funds have added BTC longs 6 weeks straight.
And US buyers have priced BTC below the global price for 63 straight days — the Coinbase premium is still negative at -0.15%.
Same coin, opposite flows. Fear & Greed sits at 25 — Extreme Fear — while BTC holds ~$76,000.
Takeaway: short-term money panics, long-term money accumulates. Watch what the patient money does, not what the scared money says.
Which side are you on — sellers or accumulators?
#Bitcoin #BTC #Crypto
One is being sold: US spot ETFs lost $1.28B this week, and BlackRock's IBIT alone shed $1.21B.
The other is being bought: Strive added 15,124 BTC in October (SEC filing, now 43,124 BTC total). Kazakhstan's central bank put $90M into Bitcoin ETFs. Hedge funds have added BTC longs 6 weeks straight.
And US buyers have priced BTC below the global price for 63 straight days — the Coinbase premium is still negative at -0.15%.
Same coin, opposite flows. Fear & Greed sits at 25 — Extreme Fear — while BTC holds ~$76,000.
Takeaway: short-term money panics, long-term money accumulates. Watch what the patient money does, not what the scared money says.
Which side are you on — sellers or accumulators?
#Bitcoin #BTC #Crypto