【Wooden Head Sister dumps a $61 million crypto position in a single day 😱】
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On Monday, Wooden Head Sister’s ARK fund sold off its $61 million holdings. The largest transaction was its own Bitcoin ETF: it sold 1.53 million shares, worth about $40 million. The next day, the Senate voted on the bill; it didn’t pass, and stablecoin stock fell 11.5%.
First, let’s make it clear: she sold two types of assets—crypto-market stocks and Bitcoin ETF. The timing was key: the sells were placed the day before the vote, and Monday’s close was when she acted. Even though the stock prices were still rising that day, her orders were already out.
What’s truly worth watching is that she cut an entire chain. Stablecoin stocks, exchange stocks, and the Bitcoin ETF were all reduced together: over 20 million shares plus $40 million in funds. That’s where the real trouble lies— even the most steadfast bulls are cutting risk.
For crypto, with the bill stuck, the compliance upside has to wait longer. The Senate vote was 49 to 50, missing the 60-vote threshold by just 11 votes, so prospects for the rest of the year are basically bleak. BTC even dipped below $75,000 that day, and it’s already down about 13% this year.
Do you think this round of decline is short-term sentiment after the bill failed, or the beginning of institutional withdrawal? Let’s discuss in the comments.
Join Mr. X’s fan group chat on the homepage 🔥
On Monday, Wooden Head Sister’s ARK fund sold off its $61 million holdings. The largest transaction was its own Bitcoin ETF: it sold 1.53 million shares, worth about $40 million. The next day, the Senate voted on the bill; it didn’t pass, and stablecoin stock fell 11.5%.
First, let’s make it clear: she sold two types of assets—crypto-market stocks and Bitcoin ETF. The timing was key: the sells were placed the day before the vote, and Monday’s close was when she acted. Even though the stock prices were still rising that day, her orders were already out.
What’s truly worth watching is that she cut an entire chain. Stablecoin stocks, exchange stocks, and the Bitcoin ETF were all reduced together: over 20 million shares plus $40 million in funds. That’s where the real trouble lies— even the most steadfast bulls are cutting risk.
For crypto, with the bill stuck, the compliance upside has to wait longer. The Senate vote was 49 to 50, missing the 60-vote threshold by just 11 votes, so prospects for the rest of the year are basically bleak. BTC even dipped below $75,000 that day, and it’s already down about 13% this year.
Do you think this round of decline is short-term sentiment after the bill failed, or the beginning of institutional withdrawal? Let’s discuss in the comments.
