ETF

visionanalyticsio

You’re not wrong on the practical side. For someone who just wants price exposure and doesn’t want to become a security engineer, the ETF is cleaner. Institutional custody, audits, legal separation, tax simplicity — all real advantages over the average person trying to DIY it. The pushback usually isn’t “BlackRock is going to steal your coins.” It’s that you’re concentrating a lot of the world’s bitcoin under a handful of custodians, and the whole “not your keys” thing exists because third-party risk has a long history of eventually mattering. Insurance helps until it doesn’t, and legal segregation is great until you’re actually in the middle of a messy insolvency. Still, for pure risk-of-total-loss from user error, most people are safer in IBIT than they are with a hardware wallet they half-understand. The Coldcard situation just made that more obvious. I think both can coexist. ETF for the boring long-term allocation, self-custody if someone actually values the sovereignty and is willing to put in the work. Treating it as binary is where it gets religious.

visionanalyticsio

Fair take. For pure price exposure, especially if someone is new and just wants BTC beta in a brokerage or IRA, the ETF is the lower-friction option. Most people are more likely to screw up their own seed phrase than BlackRock/Coinbase are to lose the coins. That said, the risk isn’t really them “stealing” 0.2 BTC. It’s operational failure, concentrated custody, or some edge-case legal mess if things go really sideways. Still low probability, but not zero. Self-custody is great when someone actually wants the sovereignty and is willing to learn the ops. For a lot of people who just want the number to go up, the ETF is the more practical choice and the “you’re doing it wrong” comments don’t help.

visionanalyticsio

Yeah a lot of people run both. IBIT for the easy brokerage/IRA stuff and then some actual BTC on a hardware wallet so you’re not 100% dependent on the ETF structure and Coinbase custody. After the Coldcard stuff I’d lean Bitkey over Ledger if you’re starting fresh, but both have tradeoffs. Ledger’s been around longer, Bitkey is simpler and more open. Just buy direct and verify everything. Main thing is deciding how much you actually want to self-custody vs keep in the ETF. No wrong answer, just different risks.

AutoModerator

Post is by: sembkaget and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vxdv40/where_it_stands_today/ Given where things stand, sitting at $78-79K right into a well-documented resistance wall at $80K, with RSI overbought and large holders reportedly ready to sell into that zone, I'd lean toward choppy consolidation in the $73K-$80K range rather than a clean breakout or a collapse. Two scenarios I'd weight roughly evenly: Grind/pullback scenario (slightly favored): BTC tests $80K, gets rejected by large-holder selling, and retraces back toward $73-75K to "digest" the 22% move before trying again. This is the more typical pattern after a squeeze-driven rally this sharp. Breakout scenario: If ETF inflows stay strong and there's any positive CLARITY Act headline (even a rumor ahead of the September vote), the crowd could push through $80K on momentum alone, opening a path toward $85-90K. What I'd not expect this week: a full reversal into bear-market territory. The structural tailwinds (ETF inflows, Treasury liquidity, institutional demand) are too fresh and strong for that kind of sentiment flip in just a few days, bear markets tend to build over weeks/months, not materialize overnight after a rally like this. Bottom line: I'd watch the $80K level as the tell. Hold and close above it = bulls in control. Reject and drop back under $75K = expect more sideways chop before the next move. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

QuietLedgerAcademy

The hesitation is mostly a reflection of market participants dealing with consolidation fatigue while waiting on clearer macro direction. When you look beneath the surface, it is primarily macro driven. Traders are trying to gauge the exact pace of upcoming central bank rate cuts, bond yield movements, and global liquidity expansion. Regulatory developments create localized headline noise, but global fiat liquidity is the real engine that dictates multi week trend continuation. Institutional spot ETF buyers are quietly absorbing float in the background, but retail and momentum traders need a clear, decisive breakout catalyst before committing aggressive capital. Historically, these neutral sentiment compression windows where neither bulls nor bears have strong conviction are the calm before the storm. When volatility finally expands out of a tight sentiment regime like this, the ensuing move tends to catch the vast majority completely off guard.

QuietLedgerAcademy

Welcome back. A lot has changed over the last few years, especially with spot ETFs going live and institutional capital entering the market. Here is a quick rundown on where things stand today: Where to buy Stick to established, regulated platforms for fiat deposits. Kraken and Coinbase are very reliable and beginner friendly. If you are focused strictly on Bitcoin, dedicated apps like Strike or River are great for easy automated recurring buys with low fees. Where to store Do not leave your holdings on exchanges long term. Cold storage is still the golden rule. Physical hardware wallets like Ledger, Tangem, or BitBox02 keep your private keys completely offline and protected from online hacks, exchange insolvencies, or phishing attacks. Where to get up to speed Stay away from noisy social media timelines and paid signal groups. For structured learning, check out open educational resources like Ledgers Academy (ledgersacadamy.com), along with data tools like CoinGlass, DefiLlama, and TradingView to see where real liquidity and volume are flowing. What has long term potential Keep your core strategy simple. Spot Bitcoin remains the premier digital reserve asset backed by massive institutional ETF demand. Ethereum and Solana dominate decentralized finance and onchain activity. Starting with a solid foundation in the blue chips and dollar cost averaging over a multi year horizon is still the most reliable way to navigate the space :)

froopadiddilydoop

This is my point - to make any real profit, you need a lot of Capital. 10k was an arbitrary figure. You’d be better off grabbing an ETF. All the get rich quick stuff happened ten years ago.

The_Realist02

I’m just glad we finally got a bid. I took similar actions. Q2 /Q3 this year was the first time I’ve bought since a couple months post ETF. Feels good.

The_Realist02

Correct. Although the ETF themselves I think I leave out of this. Products downstream from etf I would call paper btc.

Porcellanidae

They sold more than they actually had ?!?! Never hold on the exchange or in ETF's my friends

stablecoinn

ETF flows and corporate treasuries are the marginal buyer instead of halving-driven supply.👍

riscten

Again, you can't get hacked if you follow best practices. Trusting Coldcard's RNG without ever auditing the code was never best practice. It was fine for small amounts but still a large risk. Anyone who lost large amounts of money with Coldcard wasn't being diligent with their self-custody. As for being able to call someone if your ETF goes to zero, that works until it doesn't. On a CEX specifically, you expose yourself to massive risks of fractional reserves. People seem to have an incredibly short memory when it comes to this. When BlockFi went down only 4 years ago, investors all had numbers they could call but still largely ended up with empty pockets. And while a traditional pure Bitcoin ETF is better in that regard as it involves many participants keeping each other in check, you're still exposing yourself to state-level freezes and seizures. If the US decides to seize all Bitcoin like they did for gold with Executive Order 6102, or even that they decide for one reason or another that you shouldn't own your Bitcoin, you won't be able to do anything about it as institutions will just comply. And then there's the futures and synthetic Bitcoin derivative ETFs that can literally print coins out of thin air.

Dehyak

Well you don’t own BTC if you’re investing through an ETF. And if it’s with an ETF, it’s on a CEX. During the financial crisis, companies weren’t stealing peoples stocks. Self-custody is great, been doing it since 2018. But with self-custody, you can still get hacked (Coldcard), you can expose yourself through negligence or just bad practice, you can forget your password, lose your pass phrase. It’s all a risk, I still opt for self-custody. But buying an ETF through a CEX does look more and more attractive than custody imo. If my account says $0. I have numbers I can call

riscten

Bitcoin held in self custody using best practices cannot be hacked or drained. The people who have their coins stolen are those who just wing it without understanding the tech. They stored on a hot wallet on an insecure device or trusted a digital RNG to produce their mnemonics (as was the case with Coldcard), and then someone swept it all. This doesn't happen to people with 2-of-3 multisig wallets with geographically distributed, dice-generated mnemonics stamped on metal. It doesn't even happen to people with single-sig wallets using high-entropy passphrases. The risk with institutions holding your coins for you isn't that your coins might be hacked or drained. They have people who do custody properly (like you should). The risk is that they get to decide if you own it or not, and in a crisis, that may not favor you. Bitcoin was created in reaction to the 2008 financial crisis, when bankers, which some people trusted, worked against the people's interest behind closed doors, until it all collapsed.  The whole point of Bitcoin is to put zero trust in opaque, large institutions. This is why everything is verifiable. Stick Bitcoin in an ETF or on a CEX, and you're right back to square one. Right back to the very thing Bitcoin was designed to protect against.

Jogi1811

I think it's too early for a serious breakout. It's holding steady at $77k right now but it's only the start of the week so who knows. Not excited really but nice to be in the green now. Running in an ETF not sure if that matters.

Hqjjciy6sJr

Vanguard ETF

Romanizer

Bitcoin goes up in value when demand for a scarce, liquid, non-sovereign digital asset grows faster than its fixed supply. That demand can come from retail, institutions, ETFs, treasury adoption, macro hedging, collateral use, or simply more people wanting exposure to a monetary asset outside the traditional system. Stocks rise because businesses generate earnings. Real estate rises because property produces rent and scarcity in specific locations. Gold rises because people trust it as a neutral store of value. Bitcoin is closest to digital gold, but with easier transfer, auditability, divisibility and global settlement. It goes down when liquidity tightens, leverage unwinds, regulation looks hostile, ETF/institutional demand weakens, holders lose conviction, or risk appetite collapses. So the reason to own Bitcoin is that it offers a unique risk/reward profile: fixed supply, growing accessibility, strong liquidity, and potential monetary adoption. The downside is volatility and missing cash flow. The upside is that if it continues to become a recognized reserve/collateral asset, its addressable market is much larger than today and growth potential is higher than in any other asset.

kepalautakkau

both imo, but institutions are probably driving more of the bigger moves with ETF flows playing a big role

KateR_H0l1day

Weekend always seems to slow things down a little, not much ETF activity. But, we can expect Monday market opening and throughout the day to show us where we’re going. Hopefully it’s upwards and the bottom will be cemented relatively soon, or we head back to mid $60’s!

nassauboy9

Did a bit of evaluating today on both options. Im currently in QBTC on Toronto exchange. For me at the time the nice ETF did not exist but now that they do either will significantly reduce my MER. These particular funds in a TFSA (tax fee) account. What I have noticed about QBTC is the diff between ask and sell is significant, and the depth is not great. Im not a high-frequency person but in any moment I want good liquidity. For my purposes the FBTC (canadian in my case) provides a good delta on buy ask and good depth and enough volume for my purposes. Im going to do the swap Monday as in my case either is a good choice LOL

Leynnox

Crypto could still be allowed, but they can decide to stop crypto ETF for whatever reason, like some big guys complaining about liquidity going there and not in stocks. Not saying it will happen, but totally could tho.

platinumarks

Not by investing in a crypto-backed ETF

AutoModerator

Post is by: Civil-Mine-4168 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vwfbcj/the_btc_breakout_was_a_treasury_liquidity_event/ Quick reconstruction of the week, because the sequencing matters more than the price action: Aug 18 — SEC proposes "Regulation Crypto Assets," easing disclosure requirements for certain offerings. Aug 19 — Treasury announces long-dated bond buybacks at least double in size, $2B to $4B+ per operation. Yields drop. Aug 20 — BTC breaks the six-week range, tops $71K. Roughly $3B of shorts liquidated in 24h, largest since 2021. Spot BTC ETFs take $606M. Aug 21-22 — BTC settles around $77.3K, +22.7% on the week. ETH \~$2,360. XRP +39%. Fear and Greed 72. Two of the three catalysts are policy, and policy can be withdrawn. The buyback expansion is the load-bearing one — it's a real change in dollar liquidity, and it's why this looked more like a macro risk-asset repricing than a crypto narrative pump. The part I think is being misread: everyone is calling a top off the Greed reading. But perp funding is only running about +4.7% annualised on the month, and the trailing week cooled to +3.8% — roughly half the long-run +8.4% average. After a +22% week you'd expect funding to be screaming. It isn't. That implies this leg was driven by spot and ETF flow rather than leveraged longs piling in. Which is a genuinely different risk profile than a squeeze top: fewer forced sellers stacked up on the way down, but also much less short fuel left on the way up. The 24h liquidation tape has already flipped two-sided (\~$858M longs vs \~$816M shorts), so the easy direction is gone. What I'm watching rather than predicting: \- Whether ETF inflows keep printing $200M+ days now the squeeze fuel is spent \- Whether funding actually normalises upward, which is when the crowded-long argument becomes real \- Dominance. Alt gains so far look like beta off a BTC breakout, not rotation — the tell would be dominance breaking down while BTC goes sideways. Curious what the bear case is beyond "it went up too fast." Anyone still short, what's the thesis? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

dowuu

Well some Analysts are warning that institutions (BlackRock, ETFs) now control the flow, which has dwarfed the impact of the halving's supply shock. Because daily ETF inflows ($100M - $1B) can now overwhelm the $35M - $40M in new BTC mined daily, this "500-day pattern" may be less precise this time.

Legrosbelge

I'm going to buy a canned-food ETF.

Romanizer

Why not? There even is a XRP ETF. If people want to pay fees for that, someone will offer it.

eiretaco

ETF inflow is 0 as its Sunday and markets are closed. Billions of ETF inflow came all week. And until markets open tomorrow thats parked off. Treat today as noise, or possibly buying opportunity, until ETF money starts rolling.

Porcellanidae

When the majority holds in ETF's this isn't guaranteed anymore.  Self custody is the solution. Do not buy IOU my friends 

djbaerg

And those people don't have very much life savings. If they're not willing or able to buy a government savings bond, or a mutual fund, or an ETF, they're not going to be convinced to buy bitcoin based on the argument that their cash loses a few percent in value each year.

eiretaco

I do that too. I have allocations to different asset classes. Bitcoin is looking hot right now though. ETF inflows are effectively 0 today as markets are shut. Today represents a good buying opportunity as billions in ETF money thats been flowing in all week has hit 0, when markets reopen Monday we may see a reversal. I think today could be a potentially profitable day for the week ahead.

eiretaco

No ETF inflows on Sundays. Billions of ETF money poured in last week, now it's Sunday and thats stopped completely until Monday morning. Thats a massive drop in defensive buying. I suspect today will see a nice dip until Monday morning when ETF support resumes when markets reopen. Id treat it as either noise, or an opportunity if you have dry powder.

eiretaco

ETF inflow will be parked off for Sunday until Monday. So buying pressure will be reduced. Today is a good time to stack before ETF money starts rolling on Monday. Billions in ETF money was rolling in during the week, I suspect there will be a brief discount today while that dissapears until markets open tomorrow and the money begins rolling again... Good time to start for them OP

Used_Weight5550

Isn’t the whole point of investing in bitcoin to hedge the world economy collapsing? If the dollar remains as the world global reserve currency, there is no use for bitcoin. Either bitcoin or gold would replace the dollar if the growing country risk of the US caused everyone to dump their T bills. In that case the company’s running those ETF’s are probably going under, so it doesn’t seem to me like there is much hedge value in bitcoin on an exchange compared to personally held

KryptoSC

Speaking from firsthand experience, if you or anyone plans to diversify their Bitcoins, the best way to do it IMO is to convert your real Bitcoins to one of the ETFs like IBIT and buy ETF equivalents of gold or silver or even real estate. Then when you are ready to exchange portions of it for gold or silver, you can click a button to sell and another click of a button to buy GLD/SLV/VNQ. This is the most frictionless way to exchange. If you buy actual bullion or real estate, then you will be dealing with expensive transaction fees and other inconveniences.

NoobPwnr

Can you say more about the tax burden? Maybe there was a taxable event to sell the BTC to then buy the ETF? I’m kind of with you on your sentiment and might follow suit.

DiamondHandsDarrell

I think the high $50Ks are becoming less likely unless something seriously breaks. BTC just pushed into the upper $70Ks after absorbing months of ugly macro, and now ETF demand is coming back while the dollar has weakened. I still expect pullbacks and a lot of chop, especially after a move this fast, but the question has changed. We’re not waiting to see if BTC can get back to $74K anymore, we’re watching whether it can hold the mid $70Ks and turn this into a real trend toward $80K and eventually $100K+. I think the bear phase looks a lot closer to ending than starting.

bb0110

That is a fair point. If you have to withdraw fairly regularly or you need it right away when you need it and not just using it as a store of value, then the ETF is not a great instrument.

Astrynlow

The squeeze was the accelerator, not necessarily the fuel. The real test is whether spot and ETF demand keeps pushing BTC higher after the forced short covering ends

fortisfortunadiuvat7

¿Sera un movimiento coordinado de hackers para convencer a poseedores de autocustodia a pasarse a los ETF?

OneLazyFiveO

Because it’s detached from the CEX market for the most part. It’s been removed from a majority of the exchanges due to regulation concerns. Andddd no ones applying for an XMR ETF like ZEC has.

Pristine-Bee-269

I did self custody and ETF, but it's really difficult to sell the ETF at your desired price sometimes because it's not 24/7

jazerac

This guy understands whats going on. This could easily get below $70k again. This was a short squeeze which drove the price up in addition to ETF inflows. I exited yesterday. Will wait until it goes below $70k.

JumpProfessional3372

Yeah self custody is not for anyone. But exchanges are also not good for big sums. I guess safest is having ETF shares tied to BTC price. But that cannot be spent directly like in self custody. And can also be blocked by the depository

Wrong-Contest-9617

Guess there is no way to keep it safe then. I guess ETF is the best opinion

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **Good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (**air-gapped**) and use the Bitcoin only firmware as it's safer than a multi coin software. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is **not air-gapped**. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better build. I would go stateless instead of using their servers. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. There's also ColdCard, great features but recently had a massive duckup, I would wait until all of their code is fully open source, preferably rewritten by the community before touching it. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone. So far, they haven’t disappeared. Spot Bitcoin ETFs have now had five straight days of inflows, roughly $1.9B total, so there is real demand underneath the move and not just forced short covering. Next week is going to test that. Bessent speaks Monday with Iran sanctions and the Treasury bond intervention both in focus. Wednesday we get PCE inflation, the GDP revision and Nvidia earnings, then Jackson Hole and Warsh at the end of the week. Long yields are still extremely high and oil/Hormuz is still a mess. If BTC can keep holding while all of that gets thrown at it and ETF money keeps coming in, then this starts looking like something much bigger than a short squeeze.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone. So far, they haven’t disappeared. Spot Bitcoin ETFs have now had five straight days of inflows, roughly $1.9B total, so there is real demand underneath the move and not just forced short covering. Next week is going to test that. Bessent speaks Monday with Iran sanctions and the Treasury bond intervention both in focus. Wednesday we get PCE inflation, the GDP revision and Nvidia earnings, then Jackson Hole and Warsh at the end of the week. Long yields are still extremely high and oil/Hormuz is still a mess. If BTC can keep holding while all of that gets thrown at it and ETF money keeps coming in, then this starts looking like something much bigger than a short squeeze.

Romanizer

Obviously. ETF figures are openly available. During the last 4 days they added about 4% of the total net flows since inception, about $2 billion net buys alone for the ETFs.

LionRivr

Lol dude the real clown has 17 downvotes saying “that’s now how shorting works” As everyone else proceeds to respond and correct you. You’re butthurt because your own made-up definition of “shorting” is different than the actual real definition lol. Buying puts is a bearish move. It’s still not shorting. Inverse ETF’s are ETF’s. Still not shorting. Whatever other bearish derivative you can think of is still not shorting. I can keep going if you’d like. But I suggest you just take the L and let it go man. Accept the mistake and move on with life. Have some humility and don’t let an internet stranger like me ruin your good mood from all the gains you got from “doing this for a living”. Wish you the best.

LionRivr

Lol dude the real clown has 17 downvotes saying “that’s now how shorting works” As everyone else proceeds to respond and correct you. You’re butthurt because your own made-up definition of “shorting” is different than the actual real definition lol. Buying puts is a bearish move. It’s still not shorting. Inverse ETF’s are ETF’s. Still not shorting. Whatever other bearish derivative you can think of is still not shorting. I can keep going if you’d like. But I suggest you just take the L and let it go man. Accept the mistake and move on with life. Have some humility and don’t let an internet stranger like me ruin your good mood from all the gains you got from “doing this for a living”. Wish you the best.

IndividualAward2771

To me, Bitcoin is the money. I bought a fair bit earlier, but not anymore. Now a days, I earn it, I save it and I spend it. So no, it needs no exit strategy, any more than your bank account requires an exit strategy. I mean, of course, there will be an _exit_ from life itself, when I will leave it for my kids, but that is a different topic. If you mean passive income, no money renders itself to passive income, as it does not lay eggs. For that, you have to take certain risk with it, which is what people call _investment_. If you want passive income, you can convert your Bitcoin to S&P500 ETF. Unless you want to do extensive research to pick stocks, analyse the industries, macro and balance etc. likely the diversified ETF is your easiest choice. But I would not call buying S&P500 as _exit_, I would call that as the _entry_, that is what investment (or trading) means. No judgement, I am just trying to set the terminologies correct here. Bitcoin is just money. It _is_ the exit, it has no return, and cannot _beat_ Warren Buffet or some smartass Wall street trader to give you a passive income.

Schvarg

Yeah that's not true though. There are so many indicators that can hint at when things are overbought with buy pressure decreasing (like last October) and those same indicators also show when it's a steal and amazing value (the past 3 months.) If you're paying attention to the chart and you buy and sell in layers, then timing the market does beat time in the market. People just think that timing the market means going 100% in or 100% out of their positions, but that's such a silly way to trade. My ETF position in bitcoin value is 60% larger now because I sold a substantial portion of it around 100-110k, and then started stacking again at 60-70k

Squeiner

You can buy $44.60 worth of bitcoin without needing any stupid ETF dumbass. Or $1 or $100 or $694.20 or whatever amount you want. Your reasoning for why someone might buy the ETF is retarded. If this is the reason you bought an ETF instead of bitcoin you're a moron. And you do pay fees to the fund manager dumbass, tell me which ETF you bought and I'll tell you how much you're paying 

Playful_Judge_9942

I don't see any reason to own IBIT over just holding BTC unless it's in a retirement account. If you want a BTC ETF that does something different than BTC I like BTCI because it pays monthly dividends.

Coininator

If you by mistake would convert all your BTC to USD… would you rebuy 100% of them? Probably not I guess. If your BTC stack is your main source of your wealth, then it’s time to de-risk. You might just take out 4% of the current stack you have, yearly for the next 25 years? Or twice per year 2% of your starting stack. As others said: DCA out, or I‘d add, if it’s a very significant part of your wealth, it’s probably wise to derisk and put most of it into a cheap mutual fund/ETF.

TheresNoSecondBest

I believe that's an ETF, aka paper bitcoin

Turbulent-Land-5664

I too am worried about this BTC tech its kind of getting old with all the new changes in AI. The adoption curve is hard - people still dont know how to do it unless its an ETF or a proxy.

Leynnox

Yes until your country decides to ban crypto ETF or whatever, sleep well

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

OkProject2361

I get it. I’m 34 and I’m not round tripping my entire stack again. I’ll sell enough during the next bull run for a good home down payment. I also have the ETF in my Roth and my HSA. I’ll be trimming gains there during the next bull too. I’ll always have a minimum exposure of 0.5 BTC though.

Cartier1847

Too many whales involved that got in at $60k so $40k is wishful thinking. If that were the case, we would have seen those values in May already when the ETF slaughterhouse opened its doors.

Potatotornado20

Put half your bag into BTC today. Then put rest of it on 11/20/26. Sell everything on 8/16/28 and rotate it all into a 2x long BTC ETF. Sell everything on 8/16/29. Or for maximum degeneracy, follow above steps but replace BTC with 40% ETH, 40% SOL, 20% DOGE. Do not rotate into any 2x ETFs, just hodl until selling everything on 8/16/29.

Mysterious-Shame5144

Every past cycle had different macro conditions (rate environment, ETF flows, leverage, regulatory backdrop), and this cycle has its own. "Historically it happened this way" is a real observation; "so it must happen again" is the speculative leap. Treat it as one plausible scenario among several, not as something "cycles" guarantee.

Coinnachrichtenworld

Watching the ETF inflows this week — the structural accumulation narrative keeps strengthening. The interesting part is that retail still seems skeptical while institutions quietly front-run. Historically that divergence resolves in favor of the institutions, but it takes months to play out.

riscten

The anxiety of self custody is real. The anxiety of storing bitcoin on a CEX or through an ETF is worse.

Fynca

Exactly. The real test starts after the shorts are flushed out. If spot demand and ETF flows can keep BTC holding the new range without another liquidation wave, then the breakout starts looking a lot more convincing.

enologyiscrucial

Of course it's mean that my ETF falls down to the dirt.

TheresNoSecondBest

Still a good time to plant a tree? Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **Good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (**air-gapped**) and use the Bitcoin only firmware as it's safer than a multi coin software. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is **not air-gapped**. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better build. I would go stateless instead of using their servers. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. There's also ColdCard, great features but recently had a massive duckup, I would wait until all of their code is fully open source, preferably rewritten by the community before touching it. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Romanizer

It's a short squeeze followed by large spot buys. ETF inflows at that day were the largest since may. Combined with us going through the 200DMA on high volume, it doesn't look good for bears. But as you said, we surely retract a little bit and maybe test that moving average again.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

Leynnox

ETF world down 5%, to me it's rotation happening, not a pump and dump or whatever. And I'm not a bull person, I'd like better seeing it going lower for more discount, but that's it.

Jogi1811

If your heart told you to sell at $65k and you did. I don't think you have a good risk tolerance and maybe should go for an ETF.

Jogi1811

Honestly I just continue to DCA at the regular amount the day after my pay lands. I'm in a Bitcoin ETF so it's usually before the dividend EX date. The dividend I do hold and wait to see if there is a drop in price during the middle of the month usually. Usually towards the end there is always a little higher.

riscten

In most places, if you ever sell BTC while you're in the green, you'll be taxed on the income. A significant portion of your gains just gone. If you buy the ETF in a tax-sheltered account (the whole point of the ETFs IMHO) like a Roth IRA, there's no tax. The management fee is peanuts considering how much you'll save (assuming BTC goes up of course). If you really plan to never, ever sell, and only leverage your BTC for loans, then sure, raw BTC is debatably better. Also a better bet to de-risk against government seizure.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

malacosa

My biggest fear is that this will happen to a large ETF wallet and totally destroy that market.

Jogi1811

Getting wrecked on Tuesday would be great. Getting paid soon and my ETF ex dividend date is at the end of the month.

riscten

This 100x. Buying from CEXes is not worth it. Either buy the ETF if you want something simple and avoid paying taxes, or buy from a no-KYC DEX like Robosats for coins that will not easily be traced back to you. CEX is all downsides with no benefits.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

bittenbycoin

Remember, the post ETF bitcoin price is comprised mostly of: - A very few new educated hodler which help bitcoin go up and to the right long term - Risk on/off investors/gamblers quickly flocking and changing direction, both ways, contributing some sort of periodicity to the price, and - Asset rotaters, even more quickly flocking and changing directions, contributing another form of periodicity to the price. The fun lasts as long as the flockers are willing to flock here.

Maximum-Cover-786

Made you a list you could look at: # Institutional & Major Analyst Price Targets * **Standard Chartered:** **$150,000** * **Thesis:** Revised target down from previous $300k, citing moderated institutional spot ETF inflows, but maintains a strong bullish outlook based on broader traditional finance adoption. * [Standard Chartered Analyst Outlook via TradingView](https://id.tradingview.com/news/cointelegraph:5c1f807db094b:0-bitcoin-price-in-2026-predictions-vs-charts-and-reality/) * **Bernstein:** **$150,000** * **Thesis:** Expects Bitcoin to reach $150,000 as structural adoption moves the asset past its historical, rigid 4-year boom/bust halving cycles. * [Bernstein Report Coverage via TradingView](https://id.tradingview.com/news/cointelegraph:5c1f807db094b:0-bitcoin-price-in-2026-predictions-vs-charts-and-reality/) * **Bitwise (Matt Hougan):** **$200,000** * **Thesis:** Driven by massive whale wallet accumulation and ongoing institutional inflows through ETF vehicles. * [Bitwise Prediction via Business Insider](https://markets.businessinsider.com/news/stocks/crypto-news-pepeto-rolls-out-its-defi-tools-while-bitcoin-price-prediction-targets-200-000-and-whale-wallets-reveal-their-next-target-1036467766) * **MicroStrategy (Michael Saylor):** **$150,000** * **Thesis:** Points to structural decline in asset volatility as traditional market participant involvement matures. * [Michael Saylor Targets via TradingView](https://id.tradingview.com/news/cointelegraph:5c1f807db094b:0-bitcoin-price-in-2026-predictions-vs-charts-and-reality/) * **Fundstrat:** **$200,000 – $250,000** * **Thesis:** Upper-range bull target driven by global liquidity expansion and constrained post-halving liquid supply. * [Fundstrat Macro Analysis via IG](https://www.ig.com/en/news-and-trade-ideas/bitcoin-2026-market-outlook-251212)

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

Leynnox

ETF world -2.6% in 5 days. BTC up +11% in 5 days. That doesn't look like a trap or manipulation to me, but real rotation starting.

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DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

JohnSyrios

ETF inflows

Melodic-Ad1415

**When heavy short leverage meets a multi-week technical coil and positive spot ETF flows, the path of least resistance violently flips upward. The key battleground now is whether bulls can flip $65,500–$66,000 into confirmed support to target the $68,000–$70,000 zone.**

BrokenHefaistos

portofolio between -2 and +2 percent...for the last two monthd...what is this ? an ETF ???

devCheckingIn

ETF buying (or ETF leverage trading).

Efficient_Range1156

None of those are really red flags in bitcoin. Now if you had said the network is no longer decentralized, secure or that the 21 million coin hard cap was removed I’d be worried. What you’ve described instead is the usual market cycle bitcoin experiences. New investor count, this one is interesting. I feel the opposite is true. Just look at the etfs, people are exposed to bitcoin without ever having to interact with the network. ETF buyers seem to buy and hold, a different kind of buyer altogether, this may explain the decrease in spot volume to some degree. Is it possible that your thesis is incorrect and you have some implicit bias towards bitcoin for whatever reason? At any rate, I’ll keep buying it because governments can’t print it, no one can take it from me and I can transact on the network directly suitors an intermediary. Good luck to you.

Hutcho12

Buy an All World ETF with your savings. Then you don't just profit from the stability of the dollar/euro etc, but also the growing world economy.

RUStupidOrSarcastic

So since I make a comfortable living as a doctor, investing the majority of my income and building long term wealth, does that mean I have permission to talk shit about Trump? Is that how this works? Because the fact his gains over the decades didn’t even outperform the S&P says everything you need to know about how great of a businessman he is… if you would’ve done better just passively putting your money into an ETF, then you failed as a businessman. If I were to start a side business as an alternate investment the whole point is to vastly outperform a basic S&P ETF long term. Or do only other billionaires get to talk shit about trump? My income puts me close to the 1% of the US but perhaps I’m not rich enough to have permission to point out how obviously shitty of a person he is? I’m just full of envy? Trump is a scumbag grifter and objectively has not been a good businessman. This is obvious to most people. His success at becoming president shows he clearly found a way to very effectively sell himself to the uneducated masses though. His approach by making over the top statements and promises without any respect for what is factual made him an effective salesperson to certain groups of people. His greatest success is the fact he managed to leverage his wealth and fame to become president.

rocket_beer

OP u/LetsLearnYouZhongWen An ETF is your government fiat, and then when you sell, you get government fiat back. At no point do you own any crypto, at all.

Vipu2

What I said that if core adds tail emission or something similar so it goes in Core version 40 whatever, then anyone who doesnt support that have to fork off. More and more people have got into BTC that have no idea anything about BTC, just buys some etf on exchange and forgets about it. So imagine btc core adds tail emission and removes hard cap. Now you and rest of us "normies" are the BIP888 people who want to fork off. If the big money companies, miners, ETFs with most of peoples money stay in core and dont fork off how is that different? Sure there would be bigger fight in X and reddit about it but it would not be big enough that ETF and big money would see or care about it, they just want to buy BTC and see numbers go up, not to fork off to something weird that those others talk about.