Opinion: The failure of Bitcoin strategic reserves initiation and ETF outflows both indicate that the bear market has arrived
WhaleWire founder Jacob King posted on social media that the bear market for Bitcoin has arrived. The failure of Bitcoin's strategic reserves to launch clearly shows that apart from confiscated Bitcoins, there was never any intention to purchase any other assets. Meanwhile, the claim of institutional demand has collapsed, with record outflows from ETF funds as proof. All narratives have been shattered - every single one of them.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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