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It’s Downtrend
That is what they keep telling you.
But let’s pause for a moment and look at what is actually happening, not what the noise wants you to believe.
While retail feels fear, the biggest players stay calm.
Michael Saylor is still buying Bitcoin.
No hesitation. No panic. Just accumulation. Despite some FUD, he still believes in Bitcoin in the long term.
Tom Lee is still buying Ethereum.
Not for hype. Not for headlines. For the long game. Tom Lee was right about Bitcoin a year ago, and now he's very bullish on ETH; his company is constantly buying ETH regardless of the price.
This alone should already make you question the “downtrend” narrative.
Wall Street advisors are actively recommending Bitcoin and Ethereum ETFs to their clients. They are not debating if crypto will survive. They are deciding how much exposure makes sense in a portfolio.
Bank of America, one of the largest banks in the US, has officially allowed more than 15,000 wealth advisors to recommend 1% to 4% portfolio allocation into digital assets, starting January 2026.
Morgan Stanley was the first major bank to allow advisors to recommend Bitcoin ETFs, starting in 2024. Since then, the trend has continued through 2025, with small but strategic allocations.
Even Vanguard, a firm managing trillions of dollars and known for being extremely conservative, has opened access for clients to crypto ETFs.
When institutions like Bank of America, Morgan Stanley, and Vanguard move together, it sends a clear message.
Wall Street is no longer asking whether crypto belongs in a portfolio. They are discussing how much makes sense, typically 1% to 5%, depending on client risk.
This is the most conservative capital in the world. And they are moving in.
Michigan State Retirement System:
They invested about 6.6 million USD into ARK 21Shares Bitcoin ETF in 2024.
By Q2 2025, they tripled that position to around 11 to 11.4 million USD, roughly 300,000 shares.
They also added exposure to Ethereum via Grayscale Ethereum Trust. Total crypto exposure is now around 18 to 20 million USD.
New Jersey State Common Pension Fund (95 billion USD fund):
Disclosed around 16 million USD of indirect Bitcoin exposure through MicroStrategy (MSTR) by the end of 2025.
Arizona’s pension fund:
Allocated about 15 million USD of Bitcoin exposure, again through MSTR, by late 2025.
New York State Retirement Fund:
Most recently, in December 2025, added more Bitcoin exposure via MSTR.
This is not a trade. This is long term positioning.
Stablecoin supply and stablecoin dominance are at all time highs.
Capital is not exiting the system. It is waiting on the sidelines.
Liquidity always moves before price.
The Federal Reserve has quietly entered an easing phase.
They are injecting liquidity through repo support operations.
November 1, 2025:
The Fed injected 29.4 billion USD through the Standing Repo Facility (SRF). It was the largest single repo injection since the 2020 pandemic, and even larger than anything seen during the dot-com bubble era.
The goal was simple. Ease short term liquidity stress.
December 2025:
In early December, the pace increased.
On December 1, the Fed injected 13.5 billion USD via overnight repo operations. Combined with other injections during the same period, total liquidity added reached around 38.5 billion USD within just a few days.
On December 22, the Fed injected 6.8 billion USD through scheduled repo operations at 9:00 AM ET. This marked the first such operation since 2020.
By the end of December, the Fed had injected roughly 38 billion USD in the final 10 days of the year to stabilize year-end funding pressures.
The only thing missing is an official announcement of money printing.
From here, the Fed can only cut rates, not raise them.
On the weekly timeframe, the $DXY (the U.S. Dollar Index, which measures the dollar’s strength against a basket of major currencies) is showing a downward trend, which is favorable for risk assets such as crypto.
Risk assets do not peak at the start of easing. They peak later.
2025: GENIUS Act is now law
This is the first US federal framework for stablecoins. USD or Treasury backed. Full reserves. Monthly transparency.
This is a massive win. It makes stablecoins safer and unlocks institutional adoption.
2026: More bills are lining up
CLARITY Act:
CFTC becomes the main regulator for spot crypto markets. Developer protection. Self custody rights. Tokenization support. SEC limited to security tokens.
Digital Asset Parity Act:
No capital gains tax for small stablecoin payments under 200 USD. Staking and mining taxes deferred up to five years. Wash sale rules applied to crypto. Mark to market accounting for professional traders.
BITCOIN Act of 2025 (S.954):
Already introduced. Explores a US Bitcoin reserve or national Bitcoin policy. Still in summary stage, but could gain momentum in 2026.
And yet, people still repeat the same story.
Bitcoin must follow a four year cycle. We are in a downtrend. The next four years will be only pain.
IGNORE THAT NOISE.
Markets evolve. Bitcoin is no longer just a retail asset. It is moving into institutions, pensions, balance sheets, and policy.
The brightest season for Bitcoin, and crypto as a whole, is shaping up to be 2026. If you leave the train now, you are not being careful. You are wasting the last four years you already survived.
It’s Downtrend
That is what they keep telling you.
But let’s pause for a moment and look at what is actually happening, not what the noise wants you to believe.
While retail feels fear, the biggest players stay calm.
Michael Saylor is still buying Bitcoin.
No hesitation. No panic. Just accumulation. Despite some FUD, he still believes in Bitcoin in the long term.
Tom Lee is still buying Ethereum.
Not for hype. Not for headlines. For the long game. Tom Lee was right about Bitcoin a year ago, and now he's very bullish on ETH; his company is constantly buying ETH regardless of the price.
This alone should already make you question the “downtrend” narrative.
Wall Street advisors are actively recommending Bitcoin and Ethereum ETFs to their clients. They are not debating if crypto will survive. They are deciding how much exposure makes sense in a portfolio.
Bank of America, one of the largest banks in the US, has officially allowed more than 15,000 wealth advisors to recommend 1% to 4% portfolio allocation into digital assets, starting January 2026.
Morgan Stanley was the first major bank to allow advisors to recommend Bitcoin ETFs, starting in 2024. Since then, the trend has continued through 2025, with small but strategic allocations.
Even Vanguard, a firm managing trillions of dollars and known for being extremely conservative, has opened access for clients to crypto ETFs.
When institutions like Bank of America, Morgan Stanley, and Vanguard move together, it sends a clear message.
Wall Street is no longer asking whether crypto belongs in a portfolio. They are discussing how much makes sense, typically 1% to 5%, depending on client risk.
This is the most conservative capital in the world. And they are moving in.
Michigan State Retirement System:
They invested about 6.6 million USD into ARK 21Shares Bitcoin ETF in 2024.
By Q2 2025, they tripled that position to around 11 to 11.4 million USD, roughly 300,000 shares.
They also added exposure to Ethereum via Grayscale Ethereum Trust. Total crypto exposure is now around 18 to 20 million USD.
New Jersey State Common Pension Fund (95 billion USD fund):
Disclosed around 16 million USD of indirect Bitcoin exposure through MicroStrategy (MSTR) by the end of 2025.
Arizona’s pension fund:
Allocated about 15 million USD of Bitcoin exposure, again through MSTR, by late 2025.
New York State Retirement Fund:
Most recently, in December 2025, added more Bitcoin exposure via MSTR.
This is not a trade. This is long term positioning.
Stablecoin supply and stablecoin dominance are at all time highs.
Capital is not exiting the system. It is waiting on the sidelines.
Liquidity always moves before price.
The Federal Reserve has quietly entered an easing phase.
They are injecting liquidity through repo support operations.
November 1, 2025:
The Fed injected 29.4 billion USD through the Standing Repo Facility (SRF). It was the largest single repo injection since the 2020 pandemic, and even larger than anything seen during the dot-com bubble era.
The goal was simple. Ease short term liquidity stress.
December 2025:
In early December, the pace increased.
On December 1, the Fed injected 13.5 billion USD via overnight repo operations. Combined with other injections during the same period, total liquidity added reached around 38.5 billion USD within just a few days.
On December 22, the Fed injected 6.8 billion USD through scheduled repo operations at 9:00 AM ET. This marked the first such operation since 2020.
By the end of December, the Fed had injected roughly 38 billion USD in the final 10 days of the year to stabilize year-end funding pressures.
The only thing missing is an official announcement of money printing.
From here, the Fed can only cut rates, not raise them.
On the weekly timeframe, the $DXY (the U.S. Dollar Index, which measures the dollar’s strength against a basket of major currencies) is showing a downward trend, which is favorable for risk assets such as crypto.
Risk assets do not peak at the start of easing. They peak later.
2025: GENIUS Act is now law
This is the first US federal framework for stablecoins. USD or Treasury backed. Full reserves. Monthly transparency.
This is a massive win. It makes stablecoins safer and unlocks institutional adoption.
2026: More bills are lining up
CLARITY Act:
CFTC becomes the main regulator for spot crypto markets. Developer protection. Self custody rights. Tokenization support. SEC limited to security tokens.
Digital Asset Parity Act:
No capital gains tax for small stablecoin payments under 200 USD. Staking and mining taxes deferred up to five years. Wash sale rules applied to crypto. Mark to market accounting for professional traders.
BITCOIN Act of 2025 (S.954):
Already introduced. Explores a US Bitcoin reserve or national Bitcoin policy. Still in summary stage, but could gain momentum in 2026.
And yet, people still repeat the same story.
Bitcoin must follow a four year cycle. We are in a downtrend. The next four years will be only pain.
IGNORE THAT NOISE.
Markets evolve. Bitcoin is no longer just a retail asset. It is moving into institutions, pensions, balance sheets, and policy.
The brightest season for Bitcoin, and crypto as a whole, is shaping up to be 2026. If you leave the train now, you are not being careful. You are wasting the last four years you already survived.
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2 comments
It’s Downtrend That is what they keep telling you. But let’s pause for a moment and look at what is actually happening, not what the noise wants you to believe. Read this article 👇 https://paragraph.com/@andreapn/its-a-downtrend
While they watch the charts, we’re watching the infra. Most people miss the signal because of the noise. This article cuts through the BS. A must-read for anyone building long-term. 🧠📉