👀 Abnormal behavior of Bitcoin.
👉 A brief statistic on how Bitcoin is being 'sucked up' right now:
▫️ 14 consecutive days of constant Bitcoin purchases from the market into BTC-ETF.
▫️ + $4.6 billion in BTC-ETF since June 8.
▫️ +$1.3 billion in BTC-ETF over the past week.
In short, that's a lot of money. Let's add the psychopath Saylor, Gamestop, Metaplanet, and a bunch of other companies with an additional billion of 'client money' to buy $BTC .
🤨 BTC is being scooped up like there's no tomorrow, but the price of BTC is $107,000. Something doesn't add up.
And the wave of institutional capital is crashing against the wall of sales of the top digital currency from $100k to $110k. Such a gigantic volume of purchases cannot push the market above $110k. Meanwhile, the giant SNP500 has rewritten its maximum after a 21% drop in March.
If purchases from large players cool off in July — there's something to think about...