A Massive Entity Is Quietly Accumulating Bitcoin! Do They Know Something? | Jeff Park

A deep dive into who’s quietly buying Bitcoin, how treasuries and offshore SPVs reshape demand, and the legal, liquidity, and market-structure risks remaking crypto markets.

Key Takeaways

Large buyers and treasuries are quietly accumulating Bitcoin via permanent-capital vehicles and operating businesses, using equity and cash flow to fund long-term BTC purchases.
Onshore/offshore bifurcation: Hong Kong and Cayman/BVI SPVs act as conduits for Chinese and private wealth into iBit exposures; 13F filings (e.g., L'orror) reveal hidden flows.
Liquidity and market structure are strained: low spot volume, surging put activity, and illiquid trades drive volatile price discovery—monitor IVET, options flows, and upcoming 13F filings.
Prediction markets and regulation face legal ambiguity: CFTC’s vague public-interest standard, insider-edge risks, paid-information markets, and potential bans complicate onshore vs offshore activity.
Market signals and strategy: Google-search fear spikes, QE-style liquidity, and historical panic trades (Tesla) are framed as buy signals; watch treasury-backed demand for long-term support.

Original Source

Visit Source