INSTITUTIONS ARE DUMPING BTC BUT ONE GIANT JUST POUNCED
The crypto market is locked in a deep paralysis. After a violent December open that saw BTC rip 8 percent only to immediately evaporate momentum, the bid side has been exposed as paper-thin. Bulls lost the crucial 90k support block with zero resistance, signaling a profound lack of directional conviction among major players.
Historically, every major accumulation phase was cemented by robust ETF demand, often seeing daily net inflows exceeding $500 million. Today, that demand side is critically weak, stuck at a meager $54.8 million.
This weakness is mirrored by significant institutional stress. MicroStrategy $MSTR is locked in a downtrend near the $178 level, and more critically, BlackRock has quietly distributed 26,000 $BTC since October, marking its most aggressive sell period ever. The market is choosing to wait rather than support the heavyweights.
Yet, this is not a unified retreat. While some distribute, the smart money is navigating the volatility with calculated precision. The National Bank of Canada just acquired $273 million worth of $MSTR shares, pouncing on the weakness. Furthermore, BlackRock’s IBIT still generated $245 million in revenue despite sustained outflows, proving that high-level players are simply re-positioning, not panicking. The structural integrity of $BTC remains the key battleground.
This is not financial advice.
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