Flows we are seeing: 1) Crypto funds, macro funds, opportunistic VCs beginning to buy this dip in BTC+ETH as well as blue-chip DeFi by staggering limit orders and running longer TWAPs. Buying is still relatively passive/measured at this moment.

#Bitcoin has never experienced an equities / credit bear market. Are we at risk of one? With institutional adoption, crypto investors can no longer ignore what's going on in fiat markets and cross-asset flows. Let's look at the macro picture Thread 👇🏻 1/

0/ Breaking down my latest #Bitcoin report for @Delphi_Digital 👇 TLDR; $BTC needs another major catalyst to regain momentum and combat some of the uglier charts in the near term. delphidigital.io/reports/the-go…

In the 2017 bull run, we had a big correction in June/July. I've told that story several times. Sentiment was just like now. "Euphoria" followed by "it's the end of times". Many calling for way lower prices ($700-$1,200), which never came. Both 2017 & 2021…