Market data from today is breaking every long-held rule in the space. MicroStrategy just offloaded another 1,690 BTC at an average of $64,262, pushing their recent sales near 7,000 coins just to repurchase preferred stock.
The famous corporate mandate to never sell is officially bending to strict balance sheet reality. But here is where the money flow gets interesting. Wall Street is absorbing that exact supply.
Following a massive $130 million hardware wallet vulnerability earlier this week, self-custody fears triggered a rapid migration. Over $850 million just flooded straight into regulated spot Bitcoin ETFs, marking the highest weekly inflows since April. We are witnessing a fundamental transfer of risk.
Corporate whales are securing dollar liquidity, while everyday investors and traditional funds are abandoning cold storage for the security of institutional wrappers. With price action hovering around $65,000 amidst weak US labor data, the real story is the changing of the guard. The asset is actively shifting from an ideological movement into a pure macroeconomic instrument.
#Bitcoin #CryptoNews #BitcoinETF #MicroStrategy #MacroEconomics
@saylor @Microstrategy @Blackie
Are you still holding your own keys or moving your exposure to a regulated ETF?
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