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2/6 The 11 biggest spot $BTC ETFs now hold 1.29M $BTC – worth over $115B (Friday PM). These ETFs hold roughly 6.5% of all $BTC in circulation. The 3 largest – iShares’ $IBIT (blue), Fidelity’s $FBTC (red), and Grayscale’s $GBTC (orange) – hold 5.65%. https://t.co/TE1b3unN39 3/6 The 11 Spot $BTC ETFs average purchase price is ~$90.2K (blue), about $13K (16%) above the current price (bottom panel). Note these ETFs are collectively on a record 10 consecutive outflow days. $BTC is down ~8% since Friday's NYSE close. https://t.co/dlK9BlzSiL 4/6 Strategy (formerly MicroStrategy or $MSTR) hold 713K of $BTC (orange). When combined with the Spot $BTC ETFs (blue), these two entities own 10% of all bitcoin (green). https://t.co/BmsZftL4Nx 5/6 Strategy has been buying bitcoin since 2020, averaging $76.02K per purchase (blue). It is currently holding an unrealized profit of just $1.17B (bottom panel). This unrealized profit was $30+ B last October. https://t.co/F73DlHIFJ8 6/6 Boombers are collectively holding losses, the ETFs have had outflows for a record 10 straight days, and the $BTC is down 8% from Friday's NYSE close. $BTC needs a new narrative, see post #5 in the repost. https://t.co/KtvgTDf3sy