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Follow-up to the 🧵👇
Comments say that if 10% of $BTC is held by the Spot $BTC ETFs, this is good because they are diamond-handed institutions that will not sell.
Avg size of ETF trades:
SPY=$111.3K
GLD=$87K
$BTC ETFs=$15.8K
$BTC ETFs = retail
https://t.co/DGQtzl6vth https://t.co/QVS5xESLbH
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Top Panel
Daily flows into ALL $BTC ETFs. Outflows to 10 straight days (last inflow, Jan 15). New Record
Trw (Mon), the mkt will react to an 8% decline since Friday's NYSE close. (11th day?)
Bottom Panel
Cumulative flows. Peaked in early Oct.
Net seller for months. https://t.co/Xv1EbbHAnY
2 segments
Segment 1 · characters 0–301 · Original segment ↗
Segment 2 · characters 303–600 · Original segment ↗
Quoted context
These are the quoted author’s words.
1/6 10% of the outstanding $BTC is held by $MSTR and the 11 Spot BTC ETFs. These are the ways normies hold $BTC in regulated brokerage accounts. Collectively, the avg purchase price is $85.36K, meaning the average is now ~$8k underwater, with an unrealized loss of ~$7B. 🧵 https://t.co/KLdTWPUfBv
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