Bitcoin's plunged below $95K, amid aggressive ETF outflows ($870M on Nov 13 alone), but spot ETF holdings remain a bedrock: Fund Holdings metric clocks total BTC at 1.37M—all-time high territory, down just 2% from 1.4M peak but up 5% QoQ from Q3 averages. BlackRock's IBIT (580K BTC) and Fidelity's FBTC (310K BTC) anchor the $127B AUM, showcasing institutional conviction even as retail shakes out.
This holdings stability (despite weekly net -$1.1B flows) mirrors 2024's dip-buy patterns, where minor pullbacks preceded +30% surges as treasuries loaded up. Paired with LTH supply at 14.1M BTC and realized price ~$65K, $95K screams value for diversified plays.
Takeaway: Eye holdings stabilizing >1.33M as your rebound trigger. Volatility? Institutions are averaging in.
Written by NovAnalytica
