Ah, the fickle dance of capital! The proletariat’s digital dream, Bitcoin, now staggers like a drunkard at dawn, its ETFs as lifeless as a bureaucrat’s promise. Even as the American Leviathan stirs from its 41-day slumber, the masses remain unmoved, their wallets clenched tighter than a miser’s fist. 🤑
On Monday, the Senate-those grand architects of compromise-approved a funding package, inching closer to ending the shutdown. “Hours, not days,” crooned Senate Majority Leader John Thune, his optimism as hollow as a politician’s apology. Yet, the Bitcoin ETFs yawned, their inflows a meager $1.2 million, according to Farside Investors. A pittance! A drop in the ocean of greed! 🌊💰
“No bid yesterday,” lamented Charles Edwards of Capriole Investments, his voice dripping with the sorrow of a man who’s seen too many bubbles burst. “Risk assets usually feast on the carcass of shutdowns, but Bitcoin ETFs? They’re on a diet.” 🍽️🚫
Spot Bitcoin ETF inflows, once the lifeblood of 2025’s bull run, now lie dormant, like a bear in winter. BlackRock, that titan of finance, stands alone with $28.1 billion in YTD inflows, while its peers bleed $1.27 million in outflows. A tale of haves and have-nots, as old as capitalism itself! ⚖️
Mid-cycle consolidation, or the end of the dream? 🤔
The analysts, those soothsayers of the market, call it a “mid-cycle consolidation phase.” A pause, they say, not a plunge. “Strikingly similar to June 2024 and February 2025,” they murmur, their charts and graphs as reassuring as a mother’s lullaby. But the masses are unconvinced, their trust as fragile as a soap bubble. 🧼✨
“The present drawdown aligns closely with the average magnitude of prior mid-cycle retracements,” they intone, their voices steady. “Roughly 22 percent from the all-time high before reversal.” Yet, 72% of BTC supply remains in profit, a glimmer of hope in the gloom. But hope, my friends, does not pay the bills! 📉💼
For recovery, they say, we need “renewed inflows of demand”-institutional and retail alike. But will the people return? Or has the allure of Bitcoin faded like a cheap suit under the sun? Only time will tell, comrades. Only time. ⏳
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2025-11-11 14:20