Big banks accumulating heavy while retail panics is the ultimate reminder to watch actions over words. Seeing Wall Street build massive exposure during market pullbacks completely changes my perspective on today's red chart.
A filing reported by bitcoinmagazine.com shows JPMorgan bumped its Strategy stake by 36% to hold 848,932 shares. On top of that, they held $540 million in ETF shares through 11.4 million IBIT shares.
It's wild seeing that happen while the total value of all coins dropped -5.26%, dragging the sentiment score down to 28 in fear. Even with $BTC sitting at a 59.6% share of the $2.42T total market value, institutional money doesn't seem bothered by the temporary dip.
Does watching major institutions quietly stack crypto exposure change how you trade red days, or do you just ignore their filings?
NFA | DYOR #BinanceSquare #WriteToEarn #Binance #Bitcoin #Crypto
A filing reported by bitcoinmagazine.com shows JPMorgan bumped its Strategy stake by 36% to hold 848,932 shares. On top of that, they held $540 million in ETF shares through 11.4 million IBIT shares.
It's wild seeing that happen while the total value of all coins dropped -5.26%, dragging the sentiment score down to 28 in fear. Even with $BTC sitting at a 59.6% share of the $2.42T total market value, institutional money doesn't seem bothered by the temporary dip.
Does watching major institutions quietly stack crypto exposure change how you trade red days, or do you just ignore their filings?
NFA | DYOR #BinanceSquare #WriteToEarn #Binance #Bitcoin #Crypto