๐Ÿค‘ Bitcoin ETFs: A Carnival of Fools or the End of Days? ๐ŸŒ‹

Ah, dear readers, gather ’round! Behold the US Crypto News Morning Briefing-a spectacle of folly and fortune, where the wise whisper warnings and the foolish frolic with their funds! ๐Ÿ•ต๏ธโ™‚๏ธ๐Ÿ’ธ

Sip your coffee, for the crypto carnival is in full swing! Influential jesters-er, investors-wave their hands, crying, “Beware the fragile market, propped up by short-term tricks and ‘dumb money’ pouring into Bitcoin ETFs like lemmings to the sea!” ๐ŸŒŠ๐Ÿคก

Crypto News of the Day: Bitcoin ETFs, a Masquerade of Madness? ๐ŸŽญ

Lo, Alliance DAOโ€™s QwQiao, a prophet of doom, proclaims on X (formerly Twitter) that the next crypto winter shall freeze even the hardiest of souls. In 2025, he says, a wave of greenhorns shall flood the market, only to be swept away in a torrent of tears. ๐Ÿ˜ญ๐Ÿ’”

โ€œโ€ฆdumb money, who know less of crypto than a goose knows of geometry, buying DATs and ETFs!โ€ quoth QwQiao, with a dramatic flourish. ๐Ÿ“‰๐Ÿฆข

A 50% drawdown, he foretells, shall cleanse the market of these hapless souls, who shall sell in panic, like chickens without heads. Only then, he claims, shall the Supercycle rise again, phoenix-like from the ashes. ๐Ÿฆ…๐Ÿ”ฅ

Behold, Bitcoin, once trading at $111,756, now languishes at $83,712-a 25% plunge! A full 50% drop would see it sink to $56,068. Oh, the humanity! ๐Ÿ˜ฑ๐Ÿ’ธ

Placeholderโ€™s Chris Burniske, another soothsayer, warns that the sell-side storm from DAT investors has only just begun. โ€œAs we rose, so shall we fall,โ€ he intones, as if channeling the ghosts of markets past. ๐Ÿ‘ป๐Ÿ“‰

โ€œStructural flows, not sentiment, shall dictate our fate,โ€ he declares, with the gravity of a tragedian. ๐Ÿ›๏ธโš–๏ธ

The ETF Illusion: A Mirage in the Crypto Desert ๐Ÿœ๏ธ

Analysts, those modern-day oracles, point to a grim truth: ETF inflows have been but a charade, a dance of arbitrageurs and hedge funds, not true believers. ๐Ÿ•บ๐Ÿ’ผ

BitMEXโ€™s Arthur Hayes, a sage of sorts, reveals that BlackRockโ€™s IBIT, the grandest of Bitcoin ETFs, is but a playground for arbitrage trades, not long-term conviction. โ€œThey are not long Bitcoin,โ€ he scoffs. โ€œThey dabble for a few extra points, like children in a sandbox.โ€ ๐Ÿ–๏ธ๐Ÿง’

โ€œWhen the basis compresses, they flee, leaving Bitcoin to fall like a forgotten toy,โ€ he adds, with a wink and a smirk. ๐Ÿงธ๐Ÿ“‰

A Market Reset: The Great Unwinding ๐ŸŽก

Another tale from BeInCrypto tells of hedge funds unwinding their leveraged positions, selling off billions in BTC. These funds, it seems, were never true believers but mere yield farmers, sowing seeds of speculation. ๐ŸŒพ๐Ÿ’ฐ

Thus, QwQiao and Burniske sound their alarms, not for a mere correction, but for a great cleansing-a purge of leverage, inexperience, and arbitrage distortions. ๐Ÿงน๐Ÿšซ

Chart of the Day ๐Ÿ“Š

Crypto Market Chart

Byte-Sized Alpha ๐Ÿง 

Crypto Equities Pre-Market Overview ๐Ÿ“‰

Company At the Close of November 20 Pre-Market Overview
Strategy (MSTR) $177.13 $170.20 (-4.03%) ๐Ÿ˜ข
Coinbase (COIN) $238.16 $234.56 (-1.52%) ๐Ÿ˜•
Galaxy Digital Holdings (GLXY) $24.03 $23.12 (-3.79%) ๐Ÿ˜–
MARA Holdings (MARA) $10.24 $9.88 (-3.52%) ๐Ÿ˜ฃ
Riot Platforms (RIOT) $12.78 $12.34 (-3.44%) ๐Ÿ˜ž
Core Scientific (CORZ) $15.16 $14.90 (-1.72%) ๐Ÿ˜‘

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2025-11-21 13:53