📊 Matrixport Daily Chart – February 10 2026 📊 The "Stubborn" Longs: Is Wall Street Deferring the Final Flush?

🔹 Bitcoin spot ETFs powered this cycle, but a divergence is forming: despite a drawdown that erased most gains since Q2 2024, many ETF holders have barely reduced exposure.

🔹 This behavior looks more like long-only positioning than tactical trading, which may imply structural overallocation at current levels.

🔹 While the broader crypto market has already gone through a sharp deleveraging and forced clearing, ETFs remain a large, largely unhedged block.

🔹 If ETF flows stay sticky, crypto’s typical “fast flush” may simply be delayed—leaving room for a larger institutional rebalance ahead.

27K Views