Two major Bitcoin treasury funds lost 20 billion in a week, with Strategy down 10.7 billion and BitMine down 9.8 billion.
Last week, Strategy splurged 100 million to buy 1550 BTC, now sitting on a 16.7% unrealized loss. BitMine is even bolder, losing 9.8 billion while adding 127,000 ETH, claiming the dip doesn't reflect the fundamentals. This move has me shaking my head.
Panic has spread to ETFs, with Bitcoin seeing an outflow of 1.72 billion last week, marking the second-highest in history, while Ethereum has faced four consecutive weeks of net outflows. Whales are busy cutting losses, some bailing with a 44% loss, while others are nailing the bottom and pocketing 3.5 million. The market is brutal like that.
Yet, some are quietly innovating. MetaMask launched Agent Wallet specifically for AI bots, supporting automated trading and perpetual contracts. While the whales are squabbling around the 60k mark, the tech-savvy are laying the groundwork for an AI + Crypto future.
In the short term, institutional outflows and treasury unrealized losses are suppressing sentiment, with the 60k level experiencing back-and-forth action. Mid-term, AI tokenization and institutional positioning will be the real narrative; right now, it's just the dark before dawn.
Will you choose to panic and cut losses, or believe in the next bull run driven by technological innovation?
#BTC #比特币 #加密市场 #ETF #AI
Last week, Strategy splurged 100 million to buy 1550 BTC, now sitting on a 16.7% unrealized loss. BitMine is even bolder, losing 9.8 billion while adding 127,000 ETH, claiming the dip doesn't reflect the fundamentals. This move has me shaking my head.
Panic has spread to ETFs, with Bitcoin seeing an outflow of 1.72 billion last week, marking the second-highest in history, while Ethereum has faced four consecutive weeks of net outflows. Whales are busy cutting losses, some bailing with a 44% loss, while others are nailing the bottom and pocketing 3.5 million. The market is brutal like that.
Yet, some are quietly innovating. MetaMask launched Agent Wallet specifically for AI bots, supporting automated trading and perpetual contracts. While the whales are squabbling around the 60k mark, the tech-savvy are laying the groundwork for an AI + Crypto future.
In the short term, institutional outflows and treasury unrealized losses are suppressing sentiment, with the 60k level experiencing back-and-forth action. Mid-term, AI tokenization and institutional positioning will be the real narrative; right now, it's just the dark before dawn.
Will you choose to panic and cut losses, or believe in the next bull run driven by technological innovation?
#BTC #比特币 #加密市场 #ETF #AI