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Whales scooping up Bitcoin via the ETFs

jondoe - 2024-08-01 21:13:42

Markets getting rekt, but bitcoin is being bought via the ETFs


On a day like today one might assume that the ETFs would be major sellers.


They weren't.


We have everything dumping hard right now but IBIT is buying up bitcoin:


image.png


(Source: https://x.com/BitcoinMagazine/status/1819060377159606683/photo/1)


This is nice to see.


This is probably the last major dip before the run to $100k imo.