For this Bitcoin run, what I think is most worth watching isn’t yet another dip to around 87,000. It’s that the money really is back.
In Q3, U.S. spot $BTC ETFs saw net inflows of about $6.34 billion; in Q2, they were still net outflows of roughly $5 billion. In and out—there’s a difference of over $10 billion.
What’s even more interesting is that $BTC itself also rose by about 43% in Q3.
So for now, I don’t really want to jump to a bearish stance easily. Price increases aren’t scary. When prices rise and new money keeps flowing in, that’s what makes it genuinely hard to short.
Now, 87,000 is still the line in the sand. If the market can truly hold above here, then it won’t be a question of “how much farther the rebound can go.” It’ll be a question of whether the market wants to start counting the bull market from scratch.
#dApan #BTC
In Q3, U.S. spot $BTC ETFs saw net inflows of about $6.34 billion; in Q2, they were still net outflows of roughly $5 billion. In and out—there’s a difference of over $10 billion.
What’s even more interesting is that $BTC itself also rose by about 43% in Q3.
So for now, I don’t really want to jump to a bearish stance easily. Price increases aren’t scary. When prices rise and new money keeps flowing in, that’s what makes it genuinely hard to short.
Now, 87,000 is still the line in the sand. If the market can truly hold above here, then it won’t be a question of “how much farther the rebound can go.” It’ll be a question of whether the market wants to start counting the bull market from scratch.
#dApan #BTC