Bitcoin ETF pulled in $2.4 billion in one week—and I’m actually starting to feel nervous
Have you guys seen that week’s ETF data? On Monday alone, net inflows were close to $1 billion. Tuesday was also more than $700 million. Add it all up for the whole week and it’s about $2.4 billion—straight up pulling this year’s cumulative net inflows from negative back into positive.
Back in June, BTC got hammered down to around 58,500 and the group chat was full of wailing. Now it’s sitting around 84,000—after more than three months, it’s rebounded about 44%.
But today I want to say something that may be a bit of a buzzkill.
Money is starting to slow down: on Monday it was $1 billion, but by Friday it was only $130 million. Day by day, it’s getting less. The amount of people willing to chase higher prices is shrinking too. The Fear & Greed Index touched “Extreme Greed” twice this week—today it’s still at 69. Sentiment is already not cheap.
The liquidation map is laid out pretty clearly: below 80,500 there are more than $1 billion worth of long positions sitting ready to get liquidated. One of the market’s favorite moves is to go down first and then collect a batch.
So my thinking is simple right now: don’t chase, don’t short. Hold the spot. Keep contract leverage capped at within 3x. If there’s a pullback into the 80k–81k range, we’ll see whether the ETF money can absorb it. If it can, that’s the spot for a second entry. If we can truly hold above 87,000, then 90k is just a logical next step.
In a bull market, the most expensive thing isn’t missing the move—it’s going all-in with leverage right when things are at their hottest. How much of your position is it right now? Chat in the comments section.
Have you guys seen that week’s ETF data? On Monday alone, net inflows were close to $1 billion. Tuesday was also more than $700 million. Add it all up for the whole week and it’s about $2.4 billion—straight up pulling this year’s cumulative net inflows from negative back into positive.
Back in June, BTC got hammered down to around 58,500 and the group chat was full of wailing. Now it’s sitting around 84,000—after more than three months, it’s rebounded about 44%.
But today I want to say something that may be a bit of a buzzkill.
Money is starting to slow down: on Monday it was $1 billion, but by Friday it was only $130 million. Day by day, it’s getting less. The amount of people willing to chase higher prices is shrinking too. The Fear & Greed Index touched “Extreme Greed” twice this week—today it’s still at 69. Sentiment is already not cheap.
The liquidation map is laid out pretty clearly: below 80,500 there are more than $1 billion worth of long positions sitting ready to get liquidated. One of the market’s favorite moves is to go down first and then collect a batch.
So my thinking is simple right now: don’t chase, don’t short. Hold the spot. Keep contract leverage capped at within 3x. If there’s a pullback into the 80k–81k range, we’ll see whether the ETF money can absorb it. If it can, that’s the spot for a second entry. If we can truly hold above 87,000, then 90k is just a logical next step.
In a bull market, the most expensive thing isn’t missing the move—it’s going all-in with leverage right when things are at their hottest. How much of your position is it right now? Chat in the comments section.