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02-01 04:00

$BlackRock(BLK)$ $iShares Bitcoin Trust(IBIT)$ $Grayscale Bitcoin Mini Trust(BTC)$ $Bitwise Bitcoin ETF(BITB)$ 

🚀🔥 Bitcoin Drops but ETFs Keep Accumulating. Who’s Winning the Game? 🔥🚀

Bitcoin just took a hit, slipping $3,005.50 to $102,454.50, down 2.85% in the last session. Yet, while the market wobbles, retail sentiment flips bearish, and liquidations spike, institutional investors are loading up at scale.

Bitcoin ETF Accumulation vs. Market Drop

📉💰 Who’s Buying the Dip❓

   •   IBIT iShares Bitcoin Trust (BlackRock) → +3,047.1 BTC, now at 579,303.5 BTC

   •   FBTC Fidelity Wise Origin Bitcoin Fund → +1,987.0 BTC, now at 213,633.5 BTC

   •   BTC Grayscale Bitcoin Mini Trust → +1,019.1 BTC, now at 41,837.0 BTC

🔴 Who’s Seeing Outflows?

   •   GBTC Grayscale Bitcoin Trust → -8.3 BTC, now at 201,319.3 BTC

   •   BRRR Valkyrie Bitcoin Fund → -0.06 BTC, now at 8,840.59 BTC

💡 Price Action vs. Institutional Moves

   •   Bitcoin hit a 24h high of $106,101.00 before retracing to a low of $102,001.00

   •   24h trading volume at 2.86K BTC, turnover at $298.5M

   •   Despite the dip, long-term holders and ETFs are absorbing supply faster than sellers can dump

What This Means for Bitcoin

1️⃣ Institutions Buy Red Days, Retail Sells Panic 📉

The price drop is shaking weak hands, but big players see this as a strategic entry.

2️⃣ Supply Shock Incoming? 🚀

With ETF demand consistently outpacing selling pressure, Bitcoin’s available supply on exchanges is thinning. This could set up a liquidity crunch, fueling a major price breakout.

3️⃣ GBTC’s Slowdown Is a Turning Point ⏳

The largest Bitcoin trust is barely bleeding BTC anymore. If this trend holds, ETF-driven demand could overwhelm sellers, flipping momentum bullish.

🗞️📰🚨 Meanwhile, in the Crypto Crime Department…

Reports suggest Sam Bankman-Fried’s parents are working behind the scenes to secure a presidential pardon for the former FTX CEO. Facing 25 years for fraud, SBF’s team has allegedly been meeting with Trump’s allies after witnessing the clemency of Silk Road founder Ross Ulbricht.

🎺 Will Trump entertain the idea? 🤔 Given his history with crypto-friendly pardons, it’s not impossible. But public sentiment around FTX’s collapse makes this a political powder keg.

📢 Please Like, Repost, and Follow me for sharp setups, stock trends, and actionable insights! 🚀📈 I’m all about spotting the next movers and sharing strategies that deliver results! Let’s trade smarter and grow together! 🍀🍀🍀

Happy trading ahead! Cheers, BC 📈🚀🍀🍀🍀

💰 Stocks to watch today?(3rd Feb)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • PetS
    02-02 16:07
    PetS
    Great article, would you like to share it?
  • Kiwi Tigress
    02-01 13:12
    Kiwi Tigress

    Great article, would you like to share it?

  • Queengirlypops
    02-01 13:12
    Queengirlypops

    Great article, would you like to share it?

  • Hen Solo
    02-01 11:58
    Hen Solo

    Great article, would you like to share it?

  • Cool Cat Winston
    02-01 08:35
    Cool Cat Winston

    Great article, would you like to share it?

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