I think everyone is looking at retail sentiment right now while missing the giant players stacking quietly. Big banks expanding their holdings during these quiet dips isn't something I can just ignore.
Cointelegraph reported earlier today that Barclays bumped its ETF holdings by 48% to reach $187 million. On top of that, Citigroup revealed a fresh $119 million entry into Fidelity's Bitcoin fund.
What makes this interesting is that the Fear and Greed index is sitting down at 29 right now. Even with the mood being pretty sour, $BTC still commands 59.7% of the total value of the market.
It feels odd watching major institutions accumulate exposure while general sentiment feels so down. Makes me wonder if we are stressing over temporary noise while they play a much longer game.
Do institutional ETF filings like these influence how you position yourself, or do you ignore them entirely?
NFA | DYOR #BinanceSquare #WriteToEarn #MarketUpdate #CryptoNews #Crypto
Cointelegraph reported earlier today that Barclays bumped its ETF holdings by 48% to reach $187 million. On top of that, Citigroup revealed a fresh $119 million entry into Fidelity's Bitcoin fund.
What makes this interesting is that the Fear and Greed index is sitting down at 29 right now. Even with the mood being pretty sour, $BTC still commands 59.7% of the total value of the market.
It feels odd watching major institutions accumulate exposure while general sentiment feels so down. Makes me wonder if we are stressing over temporary noise while they play a much longer game.
Do institutional ETF filings like these influence how you position yourself, or do you ignore them entirely?
NFA | DYOR #BinanceSquare #WriteToEarn #MarketUpdate #CryptoNews #Crypto