Tony
@tony-neo
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If BTC’s rally was driven by ETF purchases, then its decline is likely caused by ETF selling. Fidelity, ARK, Grayscale, and even BlackRock are offloading holdings, creating selling pressure. This explains why altcoins haven’t dropped much—just as they didn’t fully follow BTC’s rally before.
GBTC Outflows – High fees (1.5%) push investors to lower-cost ETFs, causing selling pressure.
Institutional Profit-Taking – Some funds are locking in gains after BTC’s surge.
Macro Factors – Rising U.S. Treasury yields and Fed uncertainty weigh on risk assets.
Why Altcoins Hold Better
They Didn’t Fully Follow BTC’s Rally – Less exposure to ETF-driven flows.
Capital Rotation – Money is shifting to AI, L2s, and strong narratives like Solana.
If GBTC outflows slow, BTC may stabilize.
ETF inflows into IBIT/FBTC could offset selling.
If macro conditions improve, BTC could regain strength.
If ETF selling continues, BTC may stay under pressure, but altcoins could hold up better. 0 reply
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