According to @Andre_Dragosch, Michigan's state pension fund disclosed holding 10.7 million worth of Bitcoin (BTC) as of Q3, indicating direct exposure by a U.S. public pension fund (source: @Andre_Dragosch on X, Nov 12, 2025). Traders can monitor BTC spot volume, CME Bitcoin futures open interest, and basis around the U.S. session for any response to this public-pension BTC disclosure headline (source: @Andre_Dragosch on X, Nov 12, 2025).