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BTC ETFs Took A $300M Dump so far (Patreon)

Published:
2024-09-04 01:00:53
Imported:
2026-06
Tags:

Content

Blackrock has not reported but so far the BTC Spot ETFs sold off nearly $300M so far.

Could be a bumpy nite.

Level 5 on ATR is $56,355 which we could hit tonite

Comments

Wrama

It doesn't rain it pours.

MGM

Nobody alarmed that BTC has been this low and yet August was the month with the lowest buys on the ETFs side?

lee

25 basis point rate cut is 🥜 🥜. 50 is well in order

StevieKawasaki

I’m buying. Like Samson Mow said “Bitcoin is the only thing you’re happy to see go up and go down”.

SamuraiCop

Question: Are the ETF sellers required to have 1:1 reserve BTC?

OrcinusOrca

This is what I have been saying all along. Regular dumping to keep prices attractive to massive repurchasing by the institutions. This is called manipulation by the rich. Resistance will stay at around 63 to 65 k. ETFs will be the death of BTC for the free market. If not for these ETFs, BTC would jave been now at at least 90K or maybe even more. I am just a layman. Old, 69 and with only 9 years of schooling. But a hell of a life experience. Good luck everyone.

OrcinusOrca
>>148462375

No one knows. If I am not mistaken there is one ETF which is totally transparent on this. James has mentioned it on a video I think. The rest is an incognito.

MGM
>>148464562

Agreed! The ETFs effectively seized control of BTC price movement and I cannot see a reason for them to slow down - it has worked amazingly for Finkster, Binance and Coinbase. They basically hold the Market hostage by controlling only 7-10% of it! At some pervasive level I cannot help but admire them! Clever fuc*ers! 😂😁

F101
>>148459918

Very concerned on BTC s over 6 month chart of lower lows and lower highs falling pattern. No one seemed concerned and now another free fall dip” because sept started”?

Ryan

PTOS called the buy a tad too early I think

Ryan

It’s September - you should have all expected this ! Stop panicking