Good morning.
Bitcoin is up, but the market cap is quietly sliding.
The SEC proposed letting advisers and funds self-custody Bitcoin and other crypto through state trust companies.
Yet ETF flow data may become a weaker read on demand.
Regime check:
• Above EMA
• Greed at 72
• Majors are firm while total market cap slipped 1.5%
Participation looks narrow, with BTC and SOL leading while ETH lags. Sentiment is warm, but breadth is not confirming it.
Question now:
Does institutional access build real demand...
or does thin breadth cap the move?
XRP Coffee Break later ☕
$BTC
Bitcoin is up, but the market cap is quietly sliding.
The SEC proposed letting advisers and funds self-custody Bitcoin and other crypto through state trust companies.
Yet ETF flow data may become a weaker read on demand.
Regime check:
• Above EMA
• Greed at 72
• Majors are firm while total market cap slipped 1.5%
Participation looks narrow, with BTC and SOL leading while ETH lags. Sentiment is warm, but breadth is not confirming it.
Question now:
Does institutional access build real demand...
or does thin breadth cap the move?
XRP Coffee Break later ☕
$BTC