THIS WEEKEND COULD BE DIFFERENT FOR CRYPTO

ZH has pointed out multiple times that whenever ETF hype dies down, the bear market narrative kicks in. Historically, Bitcoin always dips over the weekend, and this week is no exception—the price action has been delayed.

Now, I was wondering earlier why M1 growth and retail sales didn’t move Bitcoin’s price. Turns out, it’s the long weekend slowing things down, exactly as I expected this morning. With Monday being a holiday, Bitcoin’s movements have stalled, which aligns with my analysis that sentiment is fading.

According to J Kendrick, a crypto analyst at Standard Chartered, Bitcoin’s slow movement on Friday now makes sense.

On 25 January, the market only reacted to the DeepSeek effect on Monday.
On 1 February, the Trump tariff news only impacted Bitcoin by Tuesday.
This isn’t normal—it’s unusual.
Kendrick emphasises that Monday and Friday are the key days when Bitcoin makes big moves, either up or down. Saturdays and Sundays? Dead.

However, with the 10-year yield dropping below 4.5% and recent tariff decisions, Kendrick believes:

The small-volume buying from BlackRock and Fidelity towards the weekend could be a signal that ETF demand will be strong on Monday, after ETFs showed negative flows all week.

From there? $100K, then straight to $102K.
At the end of the day, Bitcoin is a Giffen Good.

Kendrick believes that if BlackRock buys in small amounts over the weekend, they'll scoop up thousands of Bitcoin by Monday.

A Giffen Good is an economic term for a product that people buy more of even when the price rises. This defies the law of supply and demand, which says demand should fall as prices go up. Bitcoin? The higher it goes, the more people want it. Thats why it’s a Giffen Good.

Saturday, 15 February Market Outlook

$BTC $ETH #StandardChartered  #macroeconomy

source: @ZeroHedge