🚨 Breaking: Record $40B ETF Volume Signals Institutional Capitulation!
Short Summary:
Record Volume: U.S. Spot Bitcoin ETFs saw a record $40 billion in trading volume last week, led heavily by BlackRock’s IBIT ($27.79B).
Capitulation: This massive volume, coupled with the sharp price plunge (BTC dropped to $86,700) and record redemptions ($3.55B this month), strongly suggests 'Institutional Capitulation.'
Holders Underwater: The weighted-average entry price for most ETF holders is above $90K, meaning they are currently underwater (in loss).
Implication: Large institutions are rapidly exiting their positions, possibly driven by broader macroeconomic fears. This challenges the idea that they are taking long-term positions.
Market Outlook: Expect continued volatility as the market absorbs this shift. $BTC
BTC
88,720.74
+1.93%
