An ETF pledges HYPE, and the narrative shifts from “listing on the exchange” to “entering the funds allocation table.” Coincidentally, at this time $BTC is at 77734; in the last 24h it’s down 3.34%, and the contract-to-spot trading ratio has reached 11.3x—while trading on the venue is still churning hands. Meanwhile on-chain, they’ve already started collecting tickets.
I didn’t chase HYPE; instead, I put a rebound short order for $BTC 78200 and set a stop loss at 78950. What will resonate now isn’t a beta spike, but the line “institutions take the returns, retail takes the volatility.” One is eating the pledge yield, and the other is eating the liquidation. $BTC #Bitcoin
I didn’t chase HYPE; instead, I put a rebound short order for $BTC 78200 and set a stop loss at 78950. What will resonate now isn’t a beta spike, but the line “institutions take the returns, retail takes the volatility.” One is eating the pledge yield, and the other is eating the liquidation. $BTC #Bitcoin