Wall Street packaged “using your own keys” as “handing it over to others is more convenient.” Once this happens, it’s not only custodianship that benefits— even the ETF narrative is resonating.
$BTC spot is still at 78955, down 1.9% in 24h. The contract/spot trading ratio has hit 9.9x—money hasn’t come in less, but people have grown lazier. My moves are simple: no new positions opened above 78900. I place a 5% limit order to test a long at 77800; if it breaks down, I withdraw. The news talks about convenience, but what the market trades is the consolidation of capital into a larger pool.
Retail investors love researching seed phrases; whales are now researching who’s helping them custody/coordinate. $BTC #Bitcoin
$BTC spot is still at 78955, down 1.9% in 24h. The contract/spot trading ratio has hit 9.9x—money hasn’t come in less, but people have grown lazier. My moves are simple: no new positions opened above 78900. I place a 5% limit order to test a long at 77800; if it breaks down, I withdraw. The news talks about convenience, but what the market trades is the consolidation of capital into a larger pool.
Retail investors love researching seed phrases; whales are now researching who’s helping them custody/coordinate. $BTC #Bitcoin