According to today’s Bloomberg, the average Blackrock IBIT buying price was $ 89,600. Sure some spot ETFs were cheaper, however, the average investor now is heavily under water. They are leaving the ship and so we see capital leaving BTC.
And as far as I am concerned, this is AWESOME!
Wall Street is leaving because of fear and greed and hence provides massive buying opportunities to us HODLers. No one knows how many chances like this there will be in the future. And so:
Stay humble. Stack sats. Harder. 😉🧡