Spot Bitcoin ETFs have pulled more coins off the market this quarter than miners produced, and a Fear and Greed reading of 73 still has most people treating that flow like a sideshow.
You buy the green inflow print, get wicked out on the next red candle, then park in $USDT telling yourself the institutions already finished buying. That loop of chasing and regretting is how a lot of accounts died in the last two cycles.
I watched the same movie in 2017 when CME futures launched and the timeline called it the top. We were early, not wrong. The difference this time is the product actually takes $BTC into vaults that do not dump on a 20 percent drawdown. These buyers do not check Twitter. They submit creation orders. When greed is this loud the real risk is not that inflows stop. It is that everyone else climbs on the same side of the boat, then one hot print or a jump in the 10-year starts the unwind with the last people in.
Supply that leaves the float does not care about your 4-hour chart. That is the part I wish I had respected before the last halving.
Where do you think the next stretch of these flows goes from here?
#SpotBitcoinETFsInflow #US10YTreasuryYieldHits19YearHigh #BitcoinRejectedAt
You buy the green inflow print, get wicked out on the next red candle, then park in $USDT telling yourself the institutions already finished buying. That loop of chasing and regretting is how a lot of accounts died in the last two cycles.
I watched the same movie in 2017 when CME futures launched and the timeline called it the top. We were early, not wrong. The difference this time is the product actually takes $BTC into vaults that do not dump on a 20 percent drawdown. These buyers do not check Twitter. They submit creation orders. When greed is this loud the real risk is not that inflows stop. It is that everyone else climbs on the same side of the boat, then one hot print or a jump in the 10-year starts the unwind with the last people in.
Supply that leaves the float does not care about your 4-hour chart. That is the part I wish I had respected before the last halving.
Where do you think the next stretch of these flows goes from here?
#SpotBitcoinETFsInflow #US10YTreasuryYieldHits19YearHigh #BitcoinRejectedAt
