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cuban
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Mark Cuban sold his BTC and got roasted online
Just yesterday.
Mark Cuban publicly stated that he has sold a large amount of Bitcoin—reason being "it didn't show safe-haven properties during the crisis."
Then today, Trump posted about peace in Iran, and BTC completely erased its early losses.
Cuban: I sold.
Market: Alright, let's pump.
This isn't the first time. The NBA team owner’s actions in the crypto space have consistently acted as a contrarian indicator.
But he does have a point—$2.3 billion left the BTC ETF in May, marking the largest monthly outflow since 2026, and is 10 times the outflow in February. The pace at which institutions are fleeing far exceeds the price drop itself.
Prices only dipped by less than 4%, yet $2.3 billion fled. This indicates it's not the retail traders cutting losses, but institutions actively retreating.
On the flip side, there's an interesting development—Grayscale is seeking $115 million in seed funding for the Hyperliquid staking ETF, and HYPE might be gearing up for the next wave of institutional entry.
Institutions are pulling out of BTC, but they are setting up positions in HYPE.
On the same day, the U.S. government seized about $1 billion in Iranian crypto assets, operation code-named "Economic Fury Operation."
Iran is using crypto to dodge sanctions, while the U.S. employs on-chain tracking as counter-sanctions. This cat-and-mouse game is more real than any narrative.
Cuban sold, institutions fled, but HYPE is pumping, and the government is chasing on-chain funds. This market is never boring.
#BTC #Cuban #HYPE #Grayscale
Just yesterday.
Mark Cuban publicly stated that he has sold a large amount of Bitcoin—reason being "it didn't show safe-haven properties during the crisis."
Then today, Trump posted about peace in Iran, and BTC completely erased its early losses.
Cuban: I sold.
Market: Alright, let's pump.
This isn't the first time. The NBA team owner’s actions in the crypto space have consistently acted as a contrarian indicator.
But he does have a point—$2.3 billion left the BTC ETF in May, marking the largest monthly outflow since 2026, and is 10 times the outflow in February. The pace at which institutions are fleeing far exceeds the price drop itself.
Prices only dipped by less than 4%, yet $2.3 billion fled. This indicates it's not the retail traders cutting losses, but institutions actively retreating.
On the flip side, there's an interesting development—Grayscale is seeking $115 million in seed funding for the Hyperliquid staking ETF, and HYPE might be gearing up for the next wave of institutional entry.
Institutions are pulling out of BTC, but they are setting up positions in HYPE.
On the same day, the U.S. government seized about $1 billion in Iranian crypto assets, operation code-named "Economic Fury Operation."
Iran is using crypto to dodge sanctions, while the U.S. employs on-chain tracking as counter-sanctions. This cat-and-mouse game is more real than any narrative.
Cuban sold, institutions fled, but HYPE is pumping, and the government is chasing on-chain funds. This market is never boring.
#BTC #Cuban #HYPE #Grayscale
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