$DOLO
DOLOUSDT
Perp
0.04833
+1.74%
THE ILLUSION OF INSTITUTIONAL BITCOIN DEMAND.
Bitcoin pumped April–October on two pillars:
- iBIT ETF inflows
- MicroStrategy debt-driven buying
But both masked the truth:
Liquidity was shrinking the whole time.
Narratives faded.
Smart money is watching the reset phase closely.