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Harvard liquidated its ETH ETF holdings.
In the same week, Abu Dhabi's sovereign fund increased its position in IBIT against the trend.
One is the world's most astute university endowment fund, the other is the wealthiest sovereign capital in the Middle East.
In the same market, they made completely opposite decisions.
This is not a coincidence. It precisely illustrates a fact overlooked by most people: there is no consensus in the current market.
$BTC has been hovering around 78,000 for three days, ETF has experienced four consecutive days of net outflows, and the fear index is at 27.
On the surface, all these are negative signals. But money of Abu Dhabi's caliber never chases the rally; they only step in when others dare not buy.
My simple judgment: 77,000 is a watershed. Falling below it means a deep correction; holding above it indicates a stage bottom.
I don't guess the direction. I only know that when Harvard and Abu Dhabi stand on opposite sides, the next big bullish or bearish candle will determine the market's direction for the next three months.