max on Nostr: $IBIT traded $3.3b today, biggest number in 6mo, which is a bit odd bc btc was up 4% ...
$IBIT traded $3.3b today, biggest number in 6mo, which is a bit odd bc btc was up 4% (typically ETF volume spikes in a downturn/crisis). Occasionally tho volume can spike if there a FOMO-ing frenzy (a la $ARKK in 2020). Given the surge in price past few days, my guess is this is latter, which means look for (more) big inflows this week. We'll see tho! ~ Eric Balchunas
Published at
2024-10-30 01:25:17Event JSON
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"kind": 1,
"tags": [],
"content": "$IBIT traded $3.3b today, biggest number in 6mo, which is a bit odd bc btc was up 4% (typically ETF volume spikes in a downturn/crisis). Occasionally tho volume can spike if there a FOMO-ing frenzy (a la $ARKK in 2020). Given the surge in price past few days, my guess is this is latter, which means look for (more) big inflows this week. We'll see tho! ~ Eric Balchunas\nhttps://m.primal.net/Lmab.png ",
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}
