According to analyst Shanaka Anslem Perera the tale about Bitcoin losing its shine to gold this year feels totally off base.
ETF Flows Paint a Wilder Picture 🌑
He broke down the real numbers in a post on X showing investors never actually ditched the flagship coin. Spot Bitcoin ETFs have pulled in over $53 billion since January 2024 which is faster than gold ETFs managed in their early years. A brief $4.4 billion outflow hit during the correction but that cash simply chased AI and chip highs instead. Those quick flippers act like tourists chasing every fresh narrative.
Check the thread here
BTC sits stuck between offense and defense trades right now.
Safe Haven Debate Gets Spookier ✨
Long term holders quietly stacked another 125000 BTC while short term ETF money panicked on every data drop. Meanwhile gold flows stayed internal with no real leap into crypto and smaller altcoin funds just look bigger on tiny bases. The rotation story keeps cracking under the data. 💸
Just another echo from the void by iconofsin.eth 💖
