The last few days have not only been crazy for crypto but for the stock market as well. What started on Friday Aug. 2nd and caused a major crypto crash over the weekend and then a few days into the week has now bounced back. But it's still far off from it's levels of just a week ago.

To show this look at the DOW

It's still off from last week but it's up in a rather major way in the last day from the most recent sell off. If we compare this to the last 5 days of crypto we can see that it mirrors the general markets in a big way.

Watch What They Do

With that recent sell off there were a few things that came out that should make you wonder. For example Blackrock and other major firms and businesses didn't sell a single one of their bitcoin they held themselves. Instead they actully stacked MORE of it during this time.

What we are seeing right now is a huge shift in terms of funds into governments, companies and CEOs stock piling massive amounts of bitcoin and most likely overall crypto not just bitcoin.

MicroStrategy even came out yesterday saying he has now accumulated 1 billion in cryptocurrency for his own personal finances. (That's outside of what the company already has).

If we take a look at the amount of crypto we do know being held by various large entities we have something that looks like this...

This shows us a number of things we can take a look into. Companies themselves almost hold as much as countries and mining and defi seem to be on the lagging end of things which is something we have clearly been seeing. Defi really isn't a big deal anymore and with constant news coming out of hacks still happening to defi platforms a lot of people have been turned away from investing or even using these platforms anymore. ETFs come out on top beating out both countries and public companies combined.

We can also see a break down of public companies that hold bitcoin that we know about.

and better yet we can also look at company holdings that we know about. Yeah shocking China is on the list at almost number 1 even though they have been saying they are banning and cracking down on it for over 7 years now!

Once again showing us VERY clearly a lesson people seem to have the hardest time understanding which is to watch what they do and not what they say.

Posted Using InLeo Alpha