Wormhole Wednesday – Decrypt

Wormhole Wednesday - Decrypt



Wormhole Wednesday

BTC reaches $64.5k then bounces back, SOL is higher. Government sends $2B BTC to Coinbase to sell. Amount will be lower after check. ETFs see a smaller inflow, the vessel flow is greater than GBTC. Wormhole W launches at $15B FDV. BTC ‘inflection point' if it follows rates or gold. Gold and BTC have been highly correlated for the past year. Expect slower ETF volume this month: Bloomberg BTC launched 2x and 3x leveraged ETFs yesterday. BTC ETFs are now half the size of gold.

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