Pantera: Bitcoin Breaks 200-Day MA, Funds Turn Bullish

A 200-day moving average reclaim is a slow, widely-followed trend gauge, so Pantera flagging it matters less as a fresh signal than as evidence that a large, influential fund is willing to say it out loud. That kind of public positioning can shape how other allocators frame the same chart, especially where crypto and adjacent RWA exposure compete for the same mandates. The open question is whether the move holds long enough to be treated as a regime change rather than a single technical event.