Happy times, with what appears like relentless buying pressure coming from the Bitcoin ETFs. 🐂🐂🐂
Mountains and Valleys tackles the cyclical nature of the cryptocurrency markets by rebalancing investments between fiat, btc and alts.
First signs of a bounce, too early to tell whether the correction is over already. After a prolonged retrace, we are welcoming $SOL back into the portfolio. Solana continues to demonstrate its staying power as the people's chain for memes and NFTs.
The ETFs are doing really well, with net inflows of more than 1.2B USD in the first 6 trading days. This puts the Bitcoin ETFs firmly among the most successful ETF launches of all times.
Market participants however decided to focus on GBTC outflows (which were more than eclipsed by the other ETFs), and "sell the news". Meanwhile, alts are holding up fine against Bitcoin.
We see this as a normal bull market correction and will just sit it out.