Pai 🌲|10月 29, 2026 01:15
I went through all the ETF accounts and found a discrepancy.
The Bitcoin ETF has seen a return of 286 million in the last two days, 90% of which is from BlackRock.
The price only moved by 1.4 points during the same period, currently at 80.9K. The money has been recovered, but the price hasn't.
Ethereum is even more direct, with a net outflow of 1.32 billion in October.
While Bitcoin's losses have been covered, this one is still leaking.
The entire month of October was basically two shell companies swapping seats; the total amount didn't increase.
There's no new money at this level; what's pushing it up is short covering. Short positions are already pending at 81.2K, and I don't plan to add any more above that.
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