🤯 WHILE EVERYONE IS SELLING, THE GIANT IS BUYING MORE $BTC
Have you seen this? Jane Street, one of Wall Street’s largest trading firms, increased its position in Fidelity’s Bitcoin ETF nearly eightfold: from around 887,000 shares in June to 7.01 million at the end of September, worth about $509 million according to its SEC filings. And it didn’t stop there: it also added around $249 million to its position in ARK’s ETF and more than doubled its bet on Ethereum.
To me, when the big players buy in the middle of a downturn, it’s because they’re seeing something the rest of us haven’t yet.
Bitcoin is at $64,308, down more than 6% today, and the ETFs have seen outflows for 7 straight days... What do you see on the chart: an opportunity or a trap?
#Bitcoin
Have you seen this? Jane Street, one of Wall Street’s largest trading firms, increased its position in Fidelity’s Bitcoin ETF nearly eightfold: from around 887,000 shares in June to 7.01 million at the end of September, worth about $509 million according to its SEC filings. And it didn’t stop there: it also added around $249 million to its position in ARK’s ETF and more than doubled its bet on Ethereum.
To me, when the big players buy in the middle of a downturn, it’s because they’re seeing something the rest of us haven’t yet.
Bitcoin is at $64,308, down more than 6% today, and the ETFs have seen outflows for 7 straight days... What do you see on the chart: an opportunity or a trap?
#Bitcoin
