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breaks the uptrend.
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FTX will repay $5B in cash to creditors today. Distribution time will probably take 1-3 days. This money could flow into Bitcoin & Altcoins.
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Institutions are accumulating $ETH at record pace.
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BlackRock's Bitcoin ETF, $IBIT, inflows by day: ✅ 5/29: +$125 million ✅ 5/28: +$482 million ✅ 5/27: +$411 million ✅ 5/23: +$431 million ✅ 5/22: +$877 million ✅ 5/21: +$538 million ✅ 5/20: +$287 million ✅ 5/19: +$305 million ✅ 5/16: +$130 million ✅ 5/15: +$410 million ✅ 5/14: +$233 million ✅ 5/12: +$ 70 million ✅ 5/9: +$356 million ✅ 5/8: +$ 69 million ✅ 5/7: +$ 37 million ✅ 5/6: +$ 36 million ✅ 5/5: +$531 million ✅ 5/2: +$675 million ✅ 5/1: +$267 million ✅ 4/29: +$217 million ✅ 4/28: +$971 million
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🚨BREAKING: BLACKROCK & FIDELITY JUST BOUGHT $88,700,000 WORTH OF $ETH 🚀
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Negative ETF flows for Bitcoin. Positive flows for Ethereum. MONEY IS FLOWING INTO $ETH!
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