Opinion: The failed launch of the Bitcoin strategic reserve and the outflow of the ETF both herald the arrival of a bear market
2025-03-09 15:35:21
WhaleWire founder Jacob King posted on social media that the bear market for Bitcoin has arrived. The failed launch of the Bitcoin Strategic Reserve makes it clear that there was never any intention to buy anything other than confiscated Bitcoin. Meanwhile, the narrative of institutional demand has collapsed, as evidenced by the record outflows of ETF funds. All narratives have been shattered - every single one.
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