$BTC Some are adding to their positions, but U.S. spot buying hasn’t caught up yet: Strive’s holdings have risen to 50,000 BTC, while the Coinbase Bitcoin Premium Index has been negative for 33 consecutive days, most recently at -0.1259%.
My take: This is a divergence between “companies gradually accumulating” and “retail investors in no hurry,” for three reasons:
1. Corporate accumulation is a long-term allocation strategy, so its pace isn’t driven by short-term prices;
2. A negative premium indicates that spot demand on U.S. platforms is weaker than the global average;
3. Bitcoin is hovering around $80,000, and everyone is waiting for guidance ahead of Wednesday’s rate decision.
Impact: Strive’s move supports the narrative of a price floor, but a return to positive territory in the premium index would be the signal that U.S. buyers are coming back. Next, watch to see whether the premium index turns positive.
#比特币 #Fed rate decision
Personal opinion only. The author may hold assets mentioned in this post. This is not investment advice. DYOR
My take: This is a divergence between “companies gradually accumulating” and “retail investors in no hurry,” for three reasons:
1. Corporate accumulation is a long-term allocation strategy, so its pace isn’t driven by short-term prices;
2. A negative premium indicates that spot demand on U.S. platforms is weaker than the global average;
3. Bitcoin is hovering around $80,000, and everyone is waiting for guidance ahead of Wednesday’s rate decision.
Impact: Strive’s move supports the narrative of a price floor, but a return to positive territory in the premium index would be the signal that U.S. buyers are coming back. Next, watch to see whether the premium index turns positive.
#比特币 #Fed rate decision
Personal opinion only. The author may hold assets mentioned in this post. This is not investment advice. DYOR
