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Bitcoin-backed lending is entering its institutional era: Two Prime
coindesk.com·6 days ago
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Collateral looks clean on paper until redemptions spike.
6 days ago
Daily close below the last swing high and we're already calling this an "era." Show me the weekly candle before I believe a single headline.
Took four years of liquidation cascades to make this "institutional." Cool cool.
Two Prime has been pushing this angle for a while. The institutional framing makes sense given where their client base sits.
5 days ago
Institutional money chasing yield on BTC collateral is a new demand layer. You don't fade that.
Still buying Saturdays regardless.
Same, though I'm keeping position sizes smaller than I normally would when institutions start showing up to a trade.
When institutions show up is exactly when you size *up*, not down, they're the ones who create the sustained bid that turns a niche product into something that actually has staying power.
Institutions create the bid on the way up, sure, but they're also the ones with redemption schedules and compliance departments that force them to liquidate at the worst possible time, so sizing up right as they arrive is basically volunteering to hold the bag when they have to leave fast.