TL;DR
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ETH ETF daily inflows are booming, US futures contracts are up, and ARK bought $17.8M of Coinbase stock, and $11.2M of Robinhood — indicating big market players are still bullish.
Full Story
Is the bull run over?
Short answer: nah, probably not.
How’re we coming up with such deep technical analysis?
We’re watching what the big-dogs are doing (and you should too).
Here’s what’s happening:
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The Ethereum ETFs recorded their second-largest daily inflows to date on Monday
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US futures contracts are up (indicating the market is betting the US economy will rebound in the near future)
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ARK bought $17.8M of Coinbase stock, and $11.2M of Robinhood on Monday
Add this all up and what do we see?
The big-dogs are buying the dip — which indicates the hundreds of uber-smart analysts these financial institutions have on their payroll are looking at market data, comparing it to where we are in the relevant market cycles and saying:
“I reckon we’re good. Let’s go shopping.”
(Or however MBA types tend to talk).
Point is: the big-dogs see opportunity in the market, not doom — and that’s a pretty reliable indicator we are still in a bull market.
As thanks for their un-intentional guidance, we will be placing an offering of their favorite things (a Patogonia vest, tub of Zyn, and White Claw) at the foot of their god.
In Chad’s name we pray, amen.
