Today, Ki Young Ju shared an important chart regarding 13F filings. These filings are through the ETF channel. crypto- It allows us to see the companies making the investment. More than 1,000 companies with over $200 million in assets have accumulated BTC to date, and this is a much bigger deal if we remember the days when Tesla purchases thrilled the markets.
Huge Bitcoin Investment
CryptoQuant CEO Ki Young Ju talked about 13F filings in today’s market review. BTC is at $67,550 and has returned from its peak, but 1179 different companies are already traded through the ETF channel. BTC It turned out that he made an investment. The filings allow us to see what assets companies with assets over $200 million are adding to their balance sheets.
In the table below, you see the investment companies with the most BTC investments. Some of them are on behalf of their customers ETF While some of them keep BTC in their reserves in their own name, just like Tesla.
Ki Young wrote;
“USA Bitcoin
$66,895 Institutional holding of spot ETFs is around 20% and asset managers own 193k BTC (according to Form 13F filings).”
“Thanks to spot ETFs, 1,179 institutions entered the list of Bitcoin investors this year.”
Kyledoop, on the other hand, focused on miners, the other major BTC investor group. Sharing the chart below, the analyst drew attention to the gain in the Miner Profit/Loss Sustainability Chart. In an environment where miners are profitable, at least we will not see huge sales from this investor group, so we can expect further rises in the markets.
Will Bitcoin Rise?
Daan Crypto Trades drew attention to options in its evaluation today. The analyst, who thinks that the high volatility here is linked to capitulation, believes that we are already in the middle of the opportunity.
“It’s an interesting chart and shows the volatility on options. This looks like this during high volatility, usually during capitulation movements. All these rises have been met with local/cyclical bottoms. Capitulation = Opportunity. For example Luna, FTXYen Carry trade etc.”
In other words, the current environment for BTC and indirectly for altcoins indicates buying. BTC The fact that it is making lows at $67,500 and higher instills optimism that overshadows the failure of the last resistance test.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
