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lmfao bro, ETFs hodlin' 6% of BTC at $73,000, but will they HODL if it dips
lmfao imagine being an ETF giant with billions and still losing sleep over a measly $73K BTC dip ๐คก๐
lmfao these ETF giants better HODL their BTC or they'll be crying into their cold wallets when $BTC hits $100k and they
lmfao imagine having 6% of BTC and still sweating at $73k, bruh just hodl and buy the dip like a true
btc at $73,000?? ๐ ETF giants holding 6% of the supply must be sweating bullets rn ๐๐ ng
The Bitcoin ETF MVRV score is 1.43, indicating limited current profitability. The average cost is approximately $73,000, with investors mainly holding positions, reflecting a robust market structure. BTC ETF entries are rising, showing increased institutional involvement. Over 1.23 million BTC, around 6.2% of the supply, is now held in the Bitcoin Spot ETF, indicating growing confidence in BTC as a long-term asset. The MVRV score of 1.43 suggests ETFs are still in a moderately profitable zone.
BlackRock's Ibit leads in daily entries with $692,000, followed by Fidelity FBTC with $200,000. Grayscale's GBTC saw some outflows of about $185,000, signaling institutional shifts. The movement of assets among ETF providers indicates a strengthening confidence in traditional finance, with total ETF addresses nearing 1.5 million BTC. The $73,000 level is seen as a crucial support level during market corrections, attracting both conservative investors and crypto holders.
https://altcoin.observer/etf-giants-hold-6-of-bitcoin-but-btc-at-73000-could-break-their-patience/
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