Bullish
BTC
3d agoYesterday saw the sixth-largest BTC-denominated inflow to BTC ETPs ever, and the strongest single day since November 2024. https://t.co/eqRpEmUKIx
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Head of Research at @K33Research, @K33HQ. Having a good time with my bitcoin and my crypto and everything else that I'm playing with.
Sentiment timeline shows relative sentiment within this analyst's history. A perma-bull showing 8 bullish : 2 bearish in a bear market sets that as their baseline. If you notice any errors, claim @VetleLunde to submit corrections.
Yesterday saw the sixth-largest BTC-denominated inflow to BTC ETPs ever, and the strongest single day since November 2024. https://t.co/eqRpEmUKIx
View original →90-day BTC correlation to gold at a 6-year high. 90-day BTC correlation to Nasdaq at a 1-year low. https://t.co/g5orfyZmcV
View original →The first-ever daily billion-dollar short liquidation volume in BTC, and of course, also the largest short liquidation volume in BTC ever! *Binance limited its liquidation data in April 2021, while Bybit limited its data between September 2021 and February 2025. https://t.co/UCIGftzSqt
View original →BTC is currently less volatile than Nasdaq https://t.co/86CJmdvs3q
View original →Q2 2026 saw the largest quarterly BTC ETF outflow on record of 77,033 BTC. 13F filings suggests it was overwhelmingly retail driven. Institutional holders cut exposure for a 3rd straight quarter, but only by 1,195 BTC. Non-13F holders accounted for the remaining 75,839 BTC. https://t.co/6TXlitj4zQ
View original →PTJ's BTC equivalent spot exposure via IBIT is up 19% QoQ in Q2 2026. It is also down 92% from its Q4 2024 peak. https://t.co/mDgs1waoZh
View original →TradFi perps have seen 2x the volume of Binance's BTCUSDT perp in the last month. More than a third of Binance's perp volume from the last month comes from TradFi perps. 👎 https://t.co/QVDG1nvvNZ
View original →NBIM’s indirect BTC exposure has reached a new all-time high, entering five-digit territory with 11,549 BTC held as of the end of H1 2026. This marks the sixth consecutive period in which the world’s largest sovereign wealth fund has seen its indirect BTC exposure grow. https://t.co/haoHPcwDvY
View original →Global BTC ETP holdings are back at YTD lows following record outflows over every major rolling timeframe. BTC sold via ETPs: 4 weeks = 83,131 BTC 3 weeks = 67,765 BTC 2 weeks = 48,023 BTC 1 week = 27,865 BTC Only 1,479,661 BTC left in ETPs to be sold from here! https://t.co/z1gLdHAp3j
View original →We're in the longest streak of negative 30-day average funding rates in this decade at 66 consecutive days. I care about this regime for one simple reason, timing. Lasting negative funding rates has a very strong track record of flagging where you should buy with conviction. https://t.co/8lCM087R1F
View original →"BTC's current drawdown has been materially shallower and shorter than the major 2013, 2017, and 2021 bear markets, consistent with our expectations after a softer preceding bull cycle. We continue to view the cycle low as already established, with neither derivatives positioning nor sentiment pointing to meaningful near-term downside, while BTC still has room to catch up with gold and equities."
"The country's bitcoin exposure is equivalent to around $125 or 205,000 sats per capita."
"NBIM's indirect BTC exposure has reached a new all-time high, entering five-digit territory with 11,549 BTC held as of the end of H1 2026. This marks the sixth consecutive period in which the world's largest sovereign wealth fund has seen its indirect BTC exposure grow."
"The prolonged combination of elevated open interest and volatile, yet relatively moderate, funding rates leaves the market exposed to liquidation-driven moves in either direction"
"This suggests that relative leverage in the market remains elevated, creating modestly heightened risks of amplified volatility and trading activity stemming from liquidations"
"Low trading activity invites a pale and slow market, while a slow and pale market gives traders little incentive to participate, creating a self-reinforcing circle of hibernation"
"Much of the market views the opportunity cost of holding BTC as too high while anything AI-related soars"
"Thus, on both a relative and absolute basis, ETP outflows have never been larger than since mid-May, suggesting broad capitulation among ETP investors."
"There are, of course, some differences between the two periods. Flows in 2020-21 were heavily dominated by capital moving into Grayscale's then closed-end structure, resulting in GBTC trading at a discount to NAV rather than experiencing outflows during the bear market. Negative flows in 2022 therefore stemmed from outflows in Canadian and European ETPs and futures-based products such as BITO."
"Early 2026 ETF inflows were part of a rebalancing effect rather than a decisive shift in sentiment, as funds with fixed bitcoin allocations may have been forced to add exposure as the calendar turned"