$BTC is still grinding around 80425, with hardly any movement.
Decrypt just reported that hedge funds have pulled out of Bitcoin ETFs, and sovereign wealth funds have stepped in, buying up more than $400 million this week.
Yet the market is acting like it hasn’t heard a thing.
Put simply, this isn’t new money coming in—it’s fast money leaving and patient money taking its place.
Holdings haven’t budged, and funding rates are dead flat.
Sovereign wealth funds don’t chase highs, so I’m skeptical that this news will drive a short-term rally.
Are you holding, have you bailed, or are you sitting on the sidelines watching?
#比特币ETF #InstitutionalCapital
Decrypt just reported that hedge funds have pulled out of Bitcoin ETFs, and sovereign wealth funds have stepped in, buying up more than $400 million this week.
Yet the market is acting like it hasn’t heard a thing.
Put simply, this isn’t new money coming in—it’s fast money leaving and patient money taking its place.
Holdings haven’t budged, and funding rates are dead flat.
Sovereign wealth funds don’t chase highs, so I’m skeptical that this news will drive a short-term rally.
Are you holding, have you bailed, or are you sitting on the sidelines watching?
#比特币ETF #InstitutionalCapital
