Bitcoin spot ETFs hold more then 1 million Bitcoin right now.
It took less than a year to achieve this and will soon be more than even Satoshi Nakamoto himself.
It's no surprise that the current BTC wave is mostly institutional driven. They also didn't buy "low either"
Most of them bought between $50-70k right now which opens a very interesting topic.
Are all these institutions and wealth investment companies buying billions of Bitcoin just to end up getting dumped on and form a top right here?
We even saw a record amount if inflows in a short amount of time last week.
Those buys where all between $65-73k on average.
While ETFs can surely both press the buy and sell button, it's extremely unlikely these giant institutions will get dumped on as a lot of them bought at today's prices.
Observe smart money 👀
