At today’s market open, capital has already started rotating into crypto. Even with equities selling off after the open, crypto kept pushing higher. The White House whale, also known as Garret Bullish, has been the most bullish analyst on crypto, citing potential correction on silver and gold. Now that metals have given back their recent gains, Garret projected that silver and gold had topped out, and capital was moving to crypto.
He added that a Bitcoin short-squeeze could drive crypto prices without a pullback. Arkham data showed that he controls $10 billion and is up $70 million on the long positions opened across BTC, Ethereum and Solana. His largest position was ETH with a whopping $634 million and was almost at break-even at the current ETH level of $3K.
Given Garret’s access to information on the policy front, his analyses are always hard to ignore. Yes, there was a slight uptick in BTC ETF inflows ($458 million demand in the week of Dec. 28-Jan. 2). Over the same period, gold ETF inflows continued to ease further. So, there was indeed a slight capital rotation from gold to BTC, as Garret stated. Perhaps the potential MSCI delisting of BTC treasuries and the Fed rate decision, scheduled for 15th and 28th of January, respectively, will trigger the next direction of BTC.
White House insider projected that the crypto market could rally as silver and gold retreated. Despite the bullish outlook, the upcoming MSCI index decision and the Fed could affect the market.
Bitcoin has lagged behind metals or perceived traditional safe-haven assets like gold and silver. The recent rally in silver to a new all-time high was accompanied by Bitcoin trading below $90,000. The White House whale, Garret Bullish, has been among crypto’s most bullish commentators, citing a potential correction in silver and gold as a driver for crypto. Now that metals have given back their gains, Garret projected that silver and gold had topped out, and capital was moving to crypto. At today’s market open, capital has already started rotating into crypto, and even with equities selling off, crypto kept pushing higher. He added that a Bitcoin short-squeeze could drive crypto prices without a pullback.
Arkham data showed that he controls $10 billion and is up $70 million on the long positions opened across BTC, Ethereum and Solana. His largest position was ETH with $634 million and was almost at break-even at the current ETH level of $3K. Given Garret’s access to information on the policy front, his analyses are always hard to ignore. Yes, there was a slight uptick in BTC ETF inflows ($458 million in the week of Dec. 28-Jan. 2); over the same period, gold ETF inflows eased further. So there was a slight capital rotation from gold to BTC, as Garret stated. Perhaps the MSCI delisting of BTC treasuries and the Fed rate decision, scheduled for mid-January, will trigger the next direction for BTC. Final thoughts suggest the crypto market could rally as silver and gold retreat, but the MSCI decision and the Fed could affect the market.
Bitcoin has lagged metals like gold and silver until today, when capital began rotating into crypto at the market open. Despite broader market weakness, crypto advanced as traders anticipated a Bitcoin short-squeeze that could lift prices without a pullback. Arkham data shows the influencer behind these calls controls roughly $10 billion, with Ethereum the largest single bet at about $634 million and positions in BTC and Solana also sizable. ETF inflows into BTC rose modestly in the week of December 28 to January 2, while gold ETF inflows eased, signaling a subtle rotation from metals to crypto. With policy events such as the MSCI delisting of BTC treasuries and the Fed rate decision on the horizon, analysts foresee a potential direction for BTC. Final thoughts suggest the crypto market could rally as silver and gold retreat, but the MSCI decision and the Fed could affect the market.
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