BTC Bounce Alert! 📈 BTC bouncing hard off ~$69k support! 📈 Reclaimed short-term EMAs +1.56% today at $70.4k. Early signs of strength, but still below major resistance ~$78k.
Coinbase's research chief just explained why Bitcoin ETFs saw December outflows. It's not what you think.
📰 TLDR: Tax loss harvesting, not institutional abandonment, drove recent ETF redemptions.
⁉️ What happened:
✅ Bitcoin and crypto ETFs experienced notable outflows in December ✅ David Duong, Coinbase's head of institutional research, attributes this to tax loss harvesting ✅ Investors systematically sold losers before year end to offset capital gains
🏆 Why it matters:
✅ Outflows don't signal institutional weakness, they're a tax optimization tactic ✅ Euro stablecoin adoption and institutional onboarding remain on track ✅ Seasonal redemptions are predictable, not indicative of long term institutional appetite
Follow if you want to separate market cycles from actual adoption trends.
Your crypto boyfriend is under serious pressure right now. Only a very foolish and inconsiderate girlfriend would still be expecting a Valentine’s gift this February 😅
Your crypto boyfriend is under serious pressure right now. Only a very foolish and inconsiderate girlfriend would still be expecting a Valentine’s gift this February 😅