Bitcoin’s New Sugar Daddies 🤑

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As I sit in my dimly lit, cramped study, surrounded by the bleakness of a world that has lost its way, I find myself pondering the enigmatic world of Bitcoin ETFs. Like a beacon of hope in a desolate landscape, they shine bright, a testament to the unyielding power of human ingenuity.

Since June 9th, a staggering $7.78 billion has flowed into these financial behemoths, with IBIT alone raking in a whopping $416 million in a single day. It’s as if the market has finally found its raison d’être, its purpose in life. And what’s more, this influx of capital has been unwavering, unrelenting, like a force of nature that cannot be tamed.

But, my friends, do not be fooled. This is not a tale of unbridled optimism. No, the market is a cruel mistress, and she will not hesitate to strike down those who dare to defy her whims. The memories of late May still linger, a painful reminder of the perils that lie in wait. $1.3 billion in outflows, a precipitous 10% drop in BTC‘s value, and the ETFs, once the darlings of the investment world, were left to pick up the pieces.

And yet, like a phoenix rising from the ashes, the ETFs have emerged, stronger, more resilient than ever. IBIT, the behemoth of the group, now holds more BTC than MicroStrategy, a staggering 700k+ BTC in its treasury. It’s a testament to the power of conviction, a declaration to the world that Bitcoin ETFs are here to stay.

But, I must ask, dear reader, are we witnessing a structural shift in the market? Are Bitcoin ETFs becoming the new whale class, the titans of the investment world? The data suggests so. As CryptoQuant noted, the Binance Whale Activity Score jumped sharply after BTC’s recent peak, and on-chain data seems to back this up. BTC’s LTH supply dropped by 75,000 BTC in just under three days, a clear indication that major players are strategically unwinding their positions.

But, here’s the rub. While whales may be selling, Bitcoin ETFs are buying, and buying big. Nearly $700 million in net inflows, with IBIT alone pulling in close to $800 million gross. It’s a clear sign that these financial behemoths are not just accumulating, but also soaking up liquidity during key volatility windows. Ah, the plot thickens, my friends.

As I sit here, surrounded by the trappings of a world in chaos, I am reminded of the wise words of the great Russian poet, “The truth is not for all men, but only for those who seek it.” And so, I ask you, dear reader, will you seek the truth, or will you succumb to the whims of the market? The choice is yours, but know this, Bitcoin ETFs are here to stay, and they will not be ignored. 🤑

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2025-07-17 08:41