Big banks expanded their Bitcoin ETF exposure in Q3, while the same funds are selling now. Two different stories, same market. 🏦
Regulatory filings reported by Sunday Guardian show major Wall Street banks like Barclays and Citigroup expanded their spot Bitcoin ETF exposure during the third quarter, even as US spot Bitcoin ETFs have now logged about 1.44 billion dollars of outflows in five sessions. 📊 History adds another angle, TradingView data shows Bitcoin gained in the 12 months after each of the past three US midterm elections, up 24.5 percent after 2014, 44.9 percent after 2018, and 92.3 percent after 2022. My reading is that short term flows and long term positioning are telling opposite stories, because funds sell on hot CPI today, while banks and history point to a stronger 12 months ahead.
Do you follow the short term outflows, or the long term bank buying? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Research
Regulatory filings reported by Sunday Guardian show major Wall Street banks like Barclays and Citigroup expanded their spot Bitcoin ETF exposure during the third quarter, even as US spot Bitcoin ETFs have now logged about 1.44 billion dollars of outflows in five sessions. 📊 History adds another angle, TradingView data shows Bitcoin gained in the 12 months after each of the past three US midterm elections, up 24.5 percent after 2014, 44.9 percent after 2018, and 92.3 percent after 2022. My reading is that short term flows and long term positioning are telling opposite stories, because funds sell on hot CPI today, while banks and history point to a stronger 12 months ahead.
Do you follow the short term outflows, or the long term bank buying? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Research
