Bitcoin at $63.5K: The Institutional Bid Meets the Whale Wall

Switzerland's largest bank UBS quietly doubled down on Bitcoin, disclosing an $83.2 million position in BlackRock's iShares Bitcoin Trust across 2.5 million shares. The filing shows UBS has been steadily accumulating since the ETF's approval in 2024, bringing total Bitcoin-related holdings to approximately $90 million. This institutional conviction arrives as asset manager VanEck argues Bitcoin's current slump tracks the asset's historical four-year halving...