Spot $BTC ETFs absorbed $528M yesterday.
$IBIT (BlackRock) alone ate $235M of that.
Yet $BTC is still trading BELOW the average cost basis for these funds.
Translation: institutions are buying the dip while normies panic. This is how you build position before the next leg up.
$IBIT (BlackRock) alone ate $235M of that.
Yet $BTC is still trading BELOW the average cost basis for these funds.
Translation: institutions are buying the dip while normies panic. This is how you build position before the next leg up.