U.S. spot $BTC ETFs recorded $526.7 million in net inflows on Monday, reversing Friday's $82.4 million outflow and marking the strongest daily intake since September 22, led by BlackRock's IBIT fund pulling in $665.2 million.
• Weekly Performance: Bitcoin ETFs lost $229M last week and $681M the week prior. • Monthly Totals: Despite the strong start to the week, October cumulative flows remain in a negative balance of roughly $88M
Topic: Is Elon Musk Planning a New Bitcoin Strategy by Merging Tesla and SpaceX?
Topic: Is Elon Musk Planning a New Bitcoin Strategy by Merging Tesla and SpaceX? A combined $SPACE and Tesla entity would hold 30,221 BTC, placing it #6 on the list of public companies by Bitcoin holdings. This puts the merged company just behind MARA (35,577 BTC) and ahead of Bullish (22,000 BTC). Other notable holders like Strive (36,818 BTC), Twenty One (43,514 BTC), and Metaplanet (44,000 BTC) are all within a 14,000 BTC margin. Consequently, a single substantial purchase could easily propel the Musk combo into the top 3. In comparison, MicroStrategy ($MSTR ) holds a massive 848,517 BTC. This means the combined Tesla-SpaceX stash would only be about 3.6% of Michael Saylor’s holdings (or roughly 28 times smaller). Calculated at a Bitcoin price of $83k, this translates to approximately $2.5 billion versus MicroStrategy's $70 billion. Ultimately, the most significant difference lies in the asset allocation relative to company size: • MicroStrategy ($MSTRB ) operates essentially as a massive Bitcoin bet with a software company attached to it. • On the other hand, a combined ~$3.5 Trillion rocket and automotive giant carrying $2.5 billion in Bitcoin represents a mere 0.07% exposure. While this would give them one of the largest corporate balance sheets on the list, it also represents the lowest Bitcoin conviction per dollar. For now, Bitcoin remains a secondary asset for Elon Musk, while Michael Saylor continues to dominate the corporate Bitcoin playbook
a The price of INJ broke through the $8 level during the move. If the price remains above this level, its upward trend will continue toward the key level of $10.
The current fear creating the perfect setup for a bear trap, especially if liquidity is thin.
Remember, markets are driven by liquidity and order flow, not just random lines on a chart.
The market may be trying to convince you that more downside is coming while liquidity above remains a potential magnet. 😅
My strategy:
- Don't rush into shorts. - If you're holding spot, stay patient. - Consider DCA at key levels, with proper risk management. - Scalp only with a clear setup. - Swing trading is risky in this uncertain market.