BTC back on Monday's Levels (Patreon)

Violent fluctuations - we went from 44K to 49K to 44K in 4 days 

The introduction of Bitcoin ETFs is a long-term positive development.

Short-term, these ETFs are being used to arbitrage Bitcoin through OTC backdoor deals and cash-create setups. The Grayscale Arb is a particular pain right now causing a lot of this movement.

Meanwhile retail investors are rotating into other assets chasing the latest pump and that is ETH.

Other assets are staying flat for now.

Proxies like MSTR and Miners and weak.

Not a good weak. I covered my MSTR hedge too soon.