🍿 What happened?
It was just a rumor before, but now the evidence is conclusive! The latest 13F report from Harvard Management Company shows an extremely interesting signal:
In last year's Q4 (when Bitcoin broke its historical high), HMC chose to take profits on some of its BTC positions (selling $IBIT), but where did they move the money afterwards?
The answer is: Ethereum, which has significant potential for a rebound! They directly built positions in Grayscale and Bitwise's Ethereum ETF.
In simple terms: This group of top Wall Street minds believes that, compared to the already skyrocketing Bitcoin, Ethereum at that time offered better 'value for money' 🤔
Isn't this operation a bit like what we retail investors do? (mistakenly)
In short, HMC officially voted with money and joined the 'Ethereum whale' club 🤝
🌸 Hana's musings
What insights does this operation give us retail investors? Hana will help everyone highlight the key points 📝:
Don't just hold on (HODL): Even Harvard, representing long-term capital, will appropriately 'reduce positions' to secure profits when assets are overheated. Shouldn't we also learn to take profits in batches?
Looking for 'value gaps': When the entire market is chasing high BTC prices, HMC goes against the trend to layout ETH, which is still consolidating and being criticized as trash. This is standard 'buy when no one is asking'!
Institutional allocation logic: They are buying ETFs (compliant channels), which indicates that traditional capital's recognition of ETH as an 'asset class' is increasing, which is super bullish for the long-term fundamentals!
But everyone should not be too impulsive; they are just 'reducing holdings', not 'clearing positions'. BTC is still king, but ETH looks a little more alluring right now! 🍰
🗨️ What is everyone arguing about?
As soon as this news came out, the community sentiment changed immediately:
✦ Rational faction: "This is standard rebalancing; of course, if BTC's proportion is too high, one should sell a little and buy something else."
✦ Technical analysis: "The entry point for HMC is quite tricky, it's just at the low point of the ETH/BTC exchange rate."
✦ Retail investors' voice: "So it turns out that holding on to ETH without selling is the same strategy as HMC? I feel confident all of a sudden! 😂"
The contract can be ignored, but the melon cannot be left uneaten! Let's continue eating melons with Hana~
👇 Focus on the currency:$ETH $BTC $BNB
#Hana吃瓜 #哈佛减持比特币增持以太坊 #哈佛增持以太坊 #机构持仓