JPMorgan was buying more the whole time. BTC fell to $67,652 low, down 16% in a month, and it slipped below its 200 week MA near $68,000. It is now 46% below its ATH.
Sadly $1.64B got liquidated in 24h, $1.46B were longs. 10 year yield hit 5.1% and dollar at 19 month high.
And JPMorgan was buying more the whole time. Bank raised its Strategy stake 36% in Q3 to $131 million and held $540 million in BlackRock IBIT so bet is bleeding now too. I am not copying Wall Street. I am watching Nov 30, when index funds must sell Strategy.
Are you buying this breakdown or waiting for reclaim?
$BTC $MSTR #LiquidationData
#WhatWillDriveCryptoandStocks’NextRebound? #JaneStreetNearlyOctuplesFidelityBitcoinETFHoldings
Sadly $1.64B got liquidated in 24h, $1.46B were longs. 10 year yield hit 5.1% and dollar at 19 month high.
And JPMorgan was buying more the whole time. Bank raised its Strategy stake 36% in Q3 to $131 million and held $540 million in BlackRock IBIT so bet is bleeding now too. I am not copying Wall Street. I am watching Nov 30, when index funds must sell Strategy.
Are you buying this breakdown or waiting for reclaim?
$BTC $MSTR #LiquidationData
#WhatWillDriveCryptoandStocks’NextRebound? #JaneStreetNearlyOctuplesFidelityBitcoinETFHoldings
