Bitcoin’s Big Backers Hit Snooze Button 🛌💤

Welcome, comrades, to the US Crypto News Morning Briefing-your daily dose of capitalist theater and digital serfdom. 📰✨

Pour yourself a cup of bitter reality, for while Wall Street revels in its AI-fueled orgy of greed, Bitcoin’s once-loyal oligarchs are quietly retreating to their bunkers. Fresh data reveals BlackRock’s Bitcoin ETF inflows have plummeted faster than a Soviet-era elevator, hinting that institutional fervor is cooling just as the bull market roars like a drunken bear. 🍷🐂

Crypto News of the Day: Institutional Appetite for Bitcoin Weakens

The precipitous decline in Bitcoin ETF inflows, as reported by the ever-vigilant US Crypto News, has raised more eyebrows than a Politburo meeting. Meanwhile, US equities continue their AI-driven ascent, leaving Bitcoin in the dust like a forgotten five-year plan. 📉💼

Glassnode, the oracle of on-chain wisdom, reveals that institutional demand for Bitcoin has slowed to a crawl, contrasting sharply with the euphoria in traditional markets led by tech and infrastructure plays. It seems the capitalists have found a shinier toy. 🧱🤖

According to Glassnode, BlackRock’s spot Bitcoin ETF has seen less than 600 BTC in net weekly inflows over the past three weeks-a pittance compared to the 10,000 BTC-plus inflows that once heralded major rallies. The analysts, with their charts and graphs, declare:

“Over the past three weeks, BlackRock’s spot BTC ETF has seen less than 0.6k BTC in weekly net inflows. This represents a sharp decline from the > 10,000 BTC net inflow per week that preceded each major rally this cycle, signaling a notable slowdown in institutional demand.”

🧮📊

This slowdown marks one of the weakest periods of institutional accumulation since the ETF’s launch-a sign that the big players are taking a breather after months of gluttonous hoarding. Bitcoin’s price, once a stalwart, has slipped below $110,000, trading at $107,868 as of this writing. 📉💸

Bitcoin Price Chart

ETF flows, now considered a leading indicator of institutional sentiment, paint a grim picture. Yet, beneath the surface, Whale Insider reports that BlackRock transferred 1,198 BTC, worth approximately $129 million, to Coinbase. Are they selling, or merely rearranging deck chairs on the Titanic? Only time will tell. 🐳🚢

JUST IN: BlackRock deposits 1,198 $BTC ($129.09 million) and 15,121 $ETH ($56.1 million) to Coinbase within the last hour.

– Whale Insider (@WhaleInsider) November 3, 2025

Such movements do not necessarily indicate selling, but they highlight how major asset managers are juggling their exposure like circus performers amid volatile macro conditions. ETF providers, ever the pragmatists, rebalance or consolidate holdings across custodians as liquidity and demand fluctuate. 🎪🤹

Stocks Surge as Crypto Stalls

While Bitcoin demand cools, traditional markets are soaring like a rocket fueled by AI and greed. Evercore ISI maintains a bullish outlook on US equities, projecting the S&P 500 to reach 7,750 by 2026. The firm cites strong leadership from AI-driven sectors like tech, communications, and consumer discretionary. 🌟📈

Evercore strategist Julian Emanuel proclaims the bull market remains intact, though he warns of near-term volatility tied to Fed policy shifts and tariffs. With the VIX near year-to-date lows, he recommends using SPY strangles as hedges in this “still-healthy” uptrend. 🛡️⚖️

EVERCORE: U.S. BULL MARKET STILL STRONG, BUY STOCKS

Evercore ISI advised buying U.S. stocks, saying the S&P 500 could hit 7,750 by end-2026 as key signs of a market top are missing. Analyst Julian Emanuel said gains are being led by AI-driven sectors like tech, communication…

– *Walter Bloomberg (@DeItaone) November 3, 2025

ETF analyst Eric Balchunas echoes this optimism, calling it a market that’s “forgotten how to fall.” He notes that the -3x S&P ETF has reverse-split five times, a testament to how brutal this cycle has been for bears. The bears, it seems, are an endangered species. 🐻❌

NEW: Bears Face Extinction in a Market That’s Forgotten How to Fall.. The -3x SPX ETF has reverse split 5 times, a crazy data point showing just how brutal this mkt has been for bears. While they’ll get their moment (pullbacks are part of life) we also show that long term it pays…

– Eric Balchunas (@EricBalchunas) November 3, 2025

The diverging trends highlight a key tension in global markets. AI and equity exuberance are absorbing liquidity like a sponge, while Bitcoin’s institutional narrative temporarily cools. As macro liquidity tightens and investor enthusiasm tilts toward AI infrastructure, Bitcoin’s next leg may depend more on when big money returns to the digital frontier than on policy signals. 🧽🚀

Chart of the Day

Market Trends Chart

Byte-Sized Alpha

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Galaxy Digital Holdings (GLXY) $35.01 $36.51 (+4.26%)
MARA Holdings (MARA) $18.27 $18.63 (+1.97%)
Riot Platforms (RIOT) $19.78 $20.46 (+3.44%)
Core Scientific (CORZ) $21.54 $22.86 (+6.13%)

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2025-11-03 17:54