$Circle(CRCL.US)CRCL is getting pressed down again today — another -4%, with $1.3B in trading volume. With this kind of liquidity, it almost feels more like trading crypto than trading a stock… Do you guys feel that wave of panic coming from the crypto market lately?
People are saying some big whale (someone named Owen or something) just sold off $1.3B worth of BTC. Kinda shocking, but honestly, when the market gets scary, everyone bolts faster than a rabbit 🙄
But then you look at U.S. crypto ETFs — institutions held only 27% in Q2 last year, and now they’re up to 40%. Completely the opposite direction. Some institutions really have no fear… the more it drops, the more they buy. I’ve got to say, I don’t quite get it anymore.
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