New Q4 filings show trading giant Jane Street significantly increased its position in BlackRock’s Bitcoin ETF (IBIT) during the volatility.

While retail debated whether the cycle was over, institutional desks were scaling exposure.

When sophisticated liquidity providers buy size into weakness, it’s rarely emotional.

Crash headlines. Quiet accumulation.

On Fox Business, Michael Saylor dismissed the idea of a prolonged crypto winter.

His view: capital continues rotating toward scarce, hard assets as macro instability builds. Bitcoin’s adoption curve hasn’t broken, it’s compressing.

Every cycle tests conviction.
Every cycle rewards patience.

It’s not just one.

Mubadala reported 12.7M shares of IBIT ($630.6M), up 46% QoQ. Al Warda disclosed 8.2M shares as of December 31.

Two UAE sovereign entities. Same ETF. Same quarter. Same direction.

The Supreme Court ruled against the Trump administration’s IEEEP global tariff policy.

The response? The White House says tariffs will remain.

Policy friction is rising. Trade uncertainty is building. Markets are watching. When governments argue, capital looks for neutrality.

A proposed 36% tax on unrealized gains in the Netherlands sparked backlash and political fallout. The state secretary expected to oversee the policy stepped down amid controversy.

Governments facing fiscal pressure are searching for revenue. Hard assets make easy targets.

Tax the unrealized. Inflate the currency. And people wonder why Bitcoin exists.

While retail panics over red candles, institutions are modeling how much of a fixed 21 million coin network they can realistically own. Public companies are absorbing supply, treasury strategies are expanding, and weak leverage is getting wiped out.