According to @Excellion, new FOMO investors should prioritize identifying potential high-risk bad actors similar to SBF, Do Kwon, and Faketoshi instead of relying on technical analysis, as a practical risk screen for crypto trading. Source: @Excellion on X on Oct 4, 2025 https://twitter.com/Excellion/status/1974280588183117980 He sets a two-week deadline for this assessment, after which the default action he recommends is to buy spot Bitcoin BTC, move it to cold storage, and disengage from online noise. Source: @Excellion on X on Oct 4, 2025 https://twitter.com/Excellion/status/1974280588183117980 Trading takeaway: when due diligence cannot be completed quickly with confidence, de-risk by defaulting to self-custodied spot Bitcoin BTC rather than pursuing speculative strategies. Source: @Excellion on X on Oct 4, 2025 https://twitter.com/Excellion/status/1974280588183117980

According to Eric Balchunas, Bitcoin ETFs have shattered all previous flow records, driven by their extremely low trading fees of just 1-3 basis points, making them significantly cheaper than other investment options (source: Eric Balchunas, Twitter, May 16, 2025). However, ETF investors do not have direct access to use the underlying BTC, which may affect arbitrage strategies and demand for spot Bitcoin. This trend is crucial for traders, as it highlights a shift in institutional and retail capital towards ETFs, potentially influencing spot market liquidity and Bitcoin price dynamics.