Institutional funds are using real money to carry out the most thorough asset segregation.
The latest disclosed data is brutal: on Friday, spot Bitcoin ETFs recorded a net inflow of $433 million again, with just Fidelity’s FBTC alone accumulating $310 million; while $ETH ETF ended four consecutive weeks of net buying and flipped directly to a net outflow. The deeper backdrop is that the U.S. Congress’s clear-cut crypto regulatory bill, the Clarity Act, has once again stalled in the Senate. Wall Street’s response is extremely practical: instead of getting entangled in the wrangling over the regulatory bill, they treat the $BTC as a macro hedge position to counter potential Fed tightening. Any public chain that relies on the compliant ecosystem to actually take off is left by the wayside.
My current live-trading response is equally clear: in the short term, completely abandon any fantasy of a rebound in the Ethereum exchange rate, and liquidate and close out all exchange-rate positions. Until the weekly chart is confirmed to hold steady above the 80000 level, I will only set high-probability grid buy orders at the key support levels of BTC. I will never misallocate defensive capital into assets that lack institutional incremental demand.
When Wall Street only recognizes BTC, those who cling to the fantasy of a broad-based market-wide uptrend are destined only to pay the bill for institutions’ rebalancing.
#比特币ETF #Federal Reserve monetary policy
The latest disclosed data is brutal: on Friday, spot Bitcoin ETFs recorded a net inflow of $433 million again, with just Fidelity’s FBTC alone accumulating $310 million; while $ETH ETF ended four consecutive weeks of net buying and flipped directly to a net outflow. The deeper backdrop is that the U.S. Congress’s clear-cut crypto regulatory bill, the Clarity Act, has once again stalled in the Senate. Wall Street’s response is extremely practical: instead of getting entangled in the wrangling over the regulatory bill, they treat the $BTC as a macro hedge position to counter potential Fed tightening. Any public chain that relies on the compliant ecosystem to actually take off is left by the wayside.
My current live-trading response is equally clear: in the short term, completely abandon any fantasy of a rebound in the Ethereum exchange rate, and liquidate and close out all exchange-rate positions. Until the weekly chart is confirmed to hold steady above the 80000 level, I will only set high-probability grid buy orders at the key support levels of BTC. I will never misallocate defensive capital into assets that lack institutional incremental demand.
When Wall Street only recognizes BTC, those who cling to the fantasy of a broad-based market-wide uptrend are destined only to pay the bill for institutions’ rebalancing.
#比特币ETF #Federal Reserve monetary policy