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$BTC The institutions are sweeping up $1 billion a week! Strategy is eating up all the cheap assets in the market 💰
Bro, Bitcoin is still holding above $71,000, but the bottom has already blown out underneath. Strategy spent about $1 billion last week to buy 13,927 Bitcoin, with an average price of $71,902, bringing total holdings to 780,897 coins, just one step away from 800k. Over the past week, global cryptocurrency ETPs saw a net inflow of $1.1 billion, the strongest weekly performance since mid-January. Crypto analyst Willy Woo tweeted to confirm that the inflow of funds into Bitcoin has just turned positive, the first time since January, indicating liquidity is recovering. Institutions are panic-buying, ETF funds shifted from large net outflows at the start of the year to strong inflows, and exchange reserves have fallen to their lowest in nearly three years. If you don’t buy now, will you chase at $80k? That’s called catching the bag. $ETH