Anthony Scaramucci has disclosed that sovereign wealth funds from regions including the Middle East and Asia are quietly purchasing billions of dollars worth of Bitcoin, indicating a notable shift in global monetary strategies. These major investors are reportedly awaiting broader adoption by the United States before increasing their holdings. Concurrently, money market funds are experiencing substantial inflows, projected to reach $972 billion this year, marking the third largest inflow historically. Market activity also shows a buildup of $7 billion in Bitcoin short positions poised for liquidation if Bitcoin reaches $110,000, with $700 million of these shorts specifically expected to be liquidated at that price point. This combination of sovereign buying, significant liquidity in money markets, and potential short squeezes is contributing to heightened market speculation. Additionally, leveraged equity fund flows are on track for $21 billion in annual net inflows, close to record levels seen in 2022, with U.S. leveraged equity ETFs holding nearly $100 billion in assets under management.
‼️Market speculation has almost NEVER been larger: Leveraged equity fund flows are on track for annual net inflows of $21 BILLION. This is almost in line with the 2022 record. Meanwhile, US leveraged equity ETFs currently hold near a RECORD $100BN in assets under management. https://t.co/4fsPDA78J5
MONEY MARKET FUNDS ARE EXPLODING. THIS LIQUIDITY WILL FLOW INTO #BITCOIN https://t.co/IU6ICtx2FS
🚨 $700M of Bitcoin Shorts will be liquidated at 110K Game On! https://t.co/6CJ9Xafl37