Today’s Nuggets
Hedge Funds Played GBTC
BlackRock Suspiciously Stacking
Funding Rates Heading Down?
Open Interest Dropping?
Hedge Funds Hedging
Post-Halving Status Check
Liquidity Incoming Soon?
DXY Rejected at Range High
In this lesson, we will examine what is happening with the BTC ETFs.
There has been a big bleed of $900 million out, with outflows in six of the last seven days. Who is selling? What is going on?
I have a new theory about what might be happening in the Bitcoin world but you must remember, I am just a guy on the internet who looks at a lot of data.
Bitcoin is down 3.8% for June, which is not too bad. Yesterday was worse, at 4.1%.
We are holding tight at this short-term holder realized price, proving to be a good support level.
We had $900 million leave the ETFs in seven trading days.
Who is unwinding? Retail is not selling here, nor are the pension funds.
My theory is that the
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