Illiquid BTC share at record — institutions accelerating? A record illiquid supply strongly suggests large holders are removing BTC from the float — consistent with institutional or treasury-style accumulation — but press reports also show some weakening in average purchase sizes, so it’s mixed: institutions accumulate, but appetite nuances remain.
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Lower risk appetite implies prioritizing BTC/ETH over small-cap alts. Investors should seek assets with liquidity, fundamentals, and institutional support. Risk-on phases will still rotate into altcoins, but timing must adjust to macro cues. Buy logic favors defensives first.
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Days when ETFs redeem before subscribing affect early session activity. Front-loading redemptions can accelerate pre-market positioning, creating short-lived opportunities for intraday front-runners.
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