Bitcoin has dipped back to a new high at US$87K.
But the number that caught my attention the most today wasn’t the price.
It was this:
US$714.7 million flowed into Bitcoin ETFs yesterday.
And this happened AFTER nearly US$1 billion entered the previous session.
So, in just two days, we’re talking about approximately US$1.7 billion in net flow.
Now comes the important part:
I don’t look at this and think, “alright, it’s going up.”
I want to see how the market reacts AFTER this flow arrives.
Because if money keeps coming in and BTC manages to hold the US$85–87K range, then we have one thing.
If money starts flowing in and yet the price stops responding, we have a completely different story.
At Z Smart DCA, I prefer this question:
“is the market absorbing capital?”
rather than simply:
“is the candle green?”
$BTC #bitcoin #crypto
And you: does this flow make you more confident or more doubtful after such a fast rally?
But the number that caught my attention the most today wasn’t the price.
It was this:
US$714.7 million flowed into Bitcoin ETFs yesterday.
And this happened AFTER nearly US$1 billion entered the previous session.
So, in just two days, we’re talking about approximately US$1.7 billion in net flow.
Now comes the important part:
I don’t look at this and think, “alright, it’s going up.”
I want to see how the market reacts AFTER this flow arrives.
Because if money keeps coming in and BTC manages to hold the US$85–87K range, then we have one thing.
If money starts flowing in and yet the price stops responding, we have a completely different story.
At Z Smart DCA, I prefer this question:
“is the market absorbing capital?”
rather than simply:
“is the candle green?”
$BTC #bitcoin #crypto
And you: does this flow make you more confident or more doubtful after such a fast rally?
