I made an additional investment in IBIT as Bitcoin's long-term fundamentals remain strong despite recent price volatility. Santiment data shows Bitcoin's exchange supply has dropped to just 7.53%, signaling growing investor conviction and a shift toward long-term holding. The rise in global Bitcoin adoption, now involving 2-3% of the population, is largely driven by the accessibility provided by spot ETFs like IBIT. While short-term fluctuations persist, I believe IBIT offers a solid opportunity to capitalize on the continued institutionalization and maturing of the Bitcoin market.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Open | 47.56 2 | -- Closed |
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