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BlackRock’s BTC ETF Traders Bail on Bullish Bets—Has Bitcoin Topped Out?
BlackRock’s BTC ETF Traders Bail on Bullish Bets—Has Bitcoin Topped Out?
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Wall Street’s crypto darling shows cracks as institutional flows dry up. The world’s largest asset manager once led the charge—now its flagship Bitcoin product can’t buy a bid.
ETF appetite fades as volatility bites
After months of record inflows, BlackRock’s spot BTC ETF just posted its worst week since launch. Traders are dumping upside calls faster than a meme coin rug pull.
Market makers whisper about gamma squeezes and overextended leverage. Retail’s still buying the dip—but when the whales lose interest, you’d better check your exit strategy.
Another case of ’institutional adoption’ meaning ’we’ll pump it until our risk models break.’ Maybe Satoshi was right about banks after all.
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