The crypto washout extended to ETFs on Monday, with Bitcoin ETFs seeing a $363 million outflow while Ethereum ETFs saw an exit of $76 million.
On the intraday price action, Bitcoin tested a 13-day low of $112.2k with short-term holder cost basis now at $111.4k.
Exchange BTC balances down ~31,265 BTC over four weeks; wallets holding 10–10k BTC have added 56,372 BTC since Aug. 27. This shows that whales continue to accumulate the dip.
If $112k holds over the next day, buying in tranches to lower cost basis remains a constructive path; sustained trade below $111.4k risks a structural shift.
Professional fund managers are sitting on near-record cash positions, explicitly hedging, and naming five specific catalysts before they commit. None of them have arrived.
The $1.9 trillion asset manager's first crypto fund will trade on NYSE Arca and rotate across 5–15 digital assets, with BTC, ETH, and XRP as core holdings
Tom Lee's treasury company raises $274M via preferred equity, immediately deploys $136M into ETH — mirroring the model Michael Saylor built for Bitcoin
