13F is a rearview mirror, not a navigation device. News about celebrities buying ETFs, once disclosed, is basically already about a month and a half late.
Wu Shuo reports that Tudor Investment’s latest 13F shows that, as of June 30, it holds 688,529 shares of the BlackRock Bitcoin spot ETF, and in the second quarter it switched back to increasing its holdings.
A macro veteran at this level wouldn’t rebalance by only looking at one or two candlesticks. A 13F only shows end-of-quarter holdings; in the meantime, it may have gone through several rounds of trading. What’s truly worth thinking about is this: in institutional reports, the BTC spot ETF is already a portfolio allocation tool, not a speculative instrument.
Right now, $BTC is at 63035. Over the past 24 hours, the range has been 62535–63247, putting it around 70%. Trading volume is about $602 million. The price is toward the upper end of the range, but no clear direction has emerged yet.
The next thing to watch is whether it can hold the 63000 whole-number level, and whether there’s a volume-led directional move. ETF holdings are a slow variable, while candlestick charts are the fast variable—don’t chase the slow variable as if it were the fast one.
Source｜Wu Shuo BlockChain
Wu Shuo reports that Tudor Investment’s latest 13F shows that, as of June 30, it holds 688,529 shares of the BlackRock Bitcoin spot ETF, and in the second quarter it switched back to increasing its holdings.
A macro veteran at this level wouldn’t rebalance by only looking at one or two candlesticks. A 13F only shows end-of-quarter holdings; in the meantime, it may have gone through several rounds of trading. What’s truly worth thinking about is this: in institutional reports, the BTC spot ETF is already a portfolio allocation tool, not a speculative instrument.
Right now, $BTC is at 63035. Over the past 24 hours, the range has been 62535–63247, putting it around 70%. Trading volume is about $602 million. The price is toward the upper end of the range, but no clear direction has emerged yet.
The next thing to watch is whether it can hold the 63000 whole-number level, and whether there’s a volume-led directional move. ETF holdings are a slow variable, while candlestick charts are the fast variable—don’t chase the slow variable as if it were the fast one.
Source｜Wu Shuo BlockChain