Wormhole Wednesday

BTC hits $64.5K then rebounds, SOL outperforms. Government sends $2B BTC to Coinbase to sell. Funding rates stay low after sweep lower. ETFs see small inflow, Ark outflow more than GBTC. Wormhole W launches at $15B FDV. BTC ‘inflection point’ if it follows rates or gold. Gold & BTC very correlated for the last year. Expect slower ETF volume this month: Bloomberg. BTC 2x and 3x levered ETFs launch yesterday. BTC ETFs now half the size of gold.

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• Source: https://decrypt.co/videos/interviews/9SNiIVfU/wormhole-wednesday