#GoldmanCryptoPivot

Searched the web#GoldmanCryptoPivot: XRP Gone. Solana Gone. Bitcoin Stays. Goldman Just Told You What It Actually Thinks. Goldman Sachs filed its Q1 2026 13F — and the crypto reshuffling inside is the clearest institutional signal of the quarter. XRP ETF positions: liquidated entirely. Solana ETF positions: zeroed out. Combined, those altcoin ETF holdings had peaked at roughly $154 million in Q4 2025. Not reduced. Not trimmed. Gone. Bitcoin exposure: $700 million, held intact across BlackRock and Fidelity ETF positions. ETH ETFs: cut by 70%, leaving a $114 million stake where a much larger position once sat. The move that nobody saw coming: Goldman opened a new position tied to Hyperliquid infrastructure. While exiting direct altcoin ETF exposure, the bank simultaneously bet on on-chain derivatives infrastructure — the fastest-growing sector in crypto markets right now. It also boosted its Circle stake by 249% and Galaxy Digital by 205%. The portfolio tells a clean story. Goldman isn't retreating from crypto. It's concentrating. Bitcoin is the institutional store of value. Stablecoin infrastructure — Circle — is the payment rails play. On-chain derivatives — Hyperliquid — is the trading infrastructure bet. Altcoin ETFs that launched in late 2025 didn't hold Goldman's interest for a single quarter. If other major institutions' upcoming 13F filings show the same pattern, the liquidity dynamics for XRP and Solana ETF products could shift meaningfully. Products need assets under management to survive. Goldman voted with its balance sheet. Bitcoin wins. Everything else competes for the scraps. #GoldmanCryptoPivot

Tom Lee calling sub-$2,200 ETH an “opportunity” matters less because of the quote itself… and more because BitMine actually acted on it at massive scale. 5.28M ETH is no longer portfolio exposure. That’s supply influence. At this point, corporate ETH accumulation is starting to create the same structural conversation Bitcoin treasury companies created years ago: What happens when long-duration entities absorb a meaningful percentage of circulating supply while staking keeps reducing liquid availability? That’s the bigger story here. ETH isn’t just being treated like a speculative asset anymore. It’s increasingly being treated like productive financial infrastructure: • staking yield • stablecoin settlement • tokenized asset rails • collateral across DeFi • institutional onchain liquidity And honestly, the 5% target is the craziest part. Because once a single entity starts approaching ownership levels normally associated with strategic reserves, the market begins thinking differently about scarcity itself. The irony is that ETH sentiment still feels extremely fragile despite this level of accumulation happening underneath the surface. That usually tells me retail and institutions are seeing two completely different markets right now. #FedMeetsNVIDIAMay20 #GoldmanCryptoPivot #OpenAIvsAnthropic $BTC $ETH $SPACE

🚨Goldman Sachs Just Quietly Sold Crypto | Should You Be Worried⁉️ While retail debated Saylor’s pause, Wall Street’s most prestigious bank made a move nobody noticed. In Q1 2026, Goldman Sachs fully exited $XRP and $SOL ETF positions. Then cut BlackRock’s $ETHA holdings by 70%. Then trimmed $BTC ETF exposure by 10%. This isn’t rebalancing. This is a structural pivot. What It Means: Goldman doesn’t trade casually. Full exits = months of internal research saying “reduce risk now.” Three signals: 1. $XRP and $SOL aren’t “institutional grade” yet — full exit, not trim 2. $ETH thesis weakened — 70% cut + Harvard’s full exit + Culper short = cracks forming 3. Even $BTC isn’t sacred — 10% trim = risk reduction, not addition The Counter: While Goldman sold, others bought hard: → Mubadala raised IBIT 16% to $566M → JPMorgan boosted IBIT by 174% → Wells Fargo expanded ETH ETF This isn’t institutions selling crypto. It’s institutions rotating who buys what. The Brutal Reality: Goldman might be early. Or right. Their track record on macro calls is historically excellent. But they exited at LOWER prices than entry. This was risk reduction, not profit-taking. Different signal entirely. Trade Angles: ⚠️ Don’t blindly follow Goldman — they’ve been wrong before 🟢 Sovereign wealth still buying = long-term floor 🔴 Mid-cap institutional support weakening = volatility incoming 📊 Watch Q2 13F filings in August — will others follow? Bottom Line: The “institutions buying everything” narrative just broke. Reality: some buying, some exiting, some rotating. Goldman selling doesn’t mean crypto is dead. It means the easy money is over. Stop trusting blanket narratives. Track who’s buying what. The next cycle will be defined by selective accumulation, not universal pump. Goldman told you which assets to question. The rest is up to you. $MSTR #GoldmanCryptoPivot

Goldman Sachs just wiped its entire XRP and Solana ETF book. But that's only one piece of a much bigger story. Q1 2026 13F filings reveal three institutions running completely different crypto playbooks. Goldman exited roughly $154M in XRP ETF exposure, dumped all Solana positions, and slashed BlackRock ETHA holdings by ~70%. It still holds ~$690M in IBIT and $25M in Fidelity's FBTC. But here's the twist: the same filing shows a new position in Hyperliquid Strategies Inc (PURR), worth ~$3.33M. Goldman isn't retreating from crypto. It's rotating from altcoin ETFs into equities and DeFi infrastructure. Strategy spent $2.01B last week to add 24,869 BTC. No ceiling, no pause, no diversification. Just BTC. Bitmine (BMNR) is quietly building the largest corporate ETH treasury on the planet: 5.28M ETH, ~4.37% of total supply, 89% staked through its new MAVAN validator network. Annualized staking revenue sits at $289M. Three playbooks, one market: · Goldman: dumping altcoin ETFs, pivoting into equities and DeFi · Strategy: all-in BTC, no ceiling, no pause · Bitmine: locking up ETH at industrial scale, earning yield Same market, completely different convictions. If you had institutional-level capital, which path would you take: BTC maximalism, ETH yield, or selective equity exposure? #GoldmanCryptoPivot#FedMeetsNVIDIAMay20 #OpenAIvsAnthropic

Derivatives Focus: Institutional desks are shifting focus toward range-bound price action and low open interest in perpetual swaps, indicating a transition from speculation to accumulation. ​The Regulatory Catalyst: Wall Street’s aggressive reshuffling of digital assets highlights a strategic positioning under the evolving US regulatory landscape for 2026. ​The Smart Money Playbook: Takeaway for traders—Goldman’s strategy confirms that big money is currently heavily concentrated in Bitcoin while temporarily cooling off on high-beta altcoins. #FedMeetsNVIDIAMay20 #GoldmanCryptoPivot #OpenAIvsAnthropic $BTC $XRP $SOL

The Broader Institutional Narrative ​The Product Expansion: Shifting from just holding assets to building products, Goldman Sachs officially entered the pipeline to launch its own Bitcoin-linked investment products. ​The "Great Re-entry" Indicator: Goldman's ongoing pivot into tokenization and regulated prediction markets signals that Wall Street is preparing for the next wave of institutional deployment #FedMeetsNVIDIAMay20 #GoldmanCryptoPivot #OpenAIvsAnthropic $BTC $SOL $XRP

Spotting the Floor: Goldman Sachs' quantitative analysts suggest that Bitcoin and the broader crypto market may have successfully bottomed out after a heavy correction cycle. ​Attractive Valuations: Goldman highlights that crypto-linked equities, which slid 46% since late 2025, are showing a "volatile but flattish" stabilization pattern, creating highly attractive entry points. ​The 3-Month Trough Rule: History repeats? Goldman’s team notes that while trading volumes may temporarily dip, a volume rebound typically follows a median three-month trough period. #FedMeetsNVIDIAMay20 #GoldmanCryptoPivot #OpenAIvsAnthropic $BTC $XRP $SOL

The Ethereum Slash: Institutional sentiment shifts as Goldman Sachs dramatically cuts its exposure to Ethereum ETFs (ETHA) by roughly 70%, paring it down to around $114M. ​Shifting ETF Allocations: Filings reveal that Goldman Sachs adjusted its core holdings by trimming positions in BlackRock's IBIT and Fidelity's FBTC by roughly 10%. ​From Skepticism to Sovereignty: Goldman CEO David Solomon previously revealed holding personal Bitcoin assets, a monumental shift from his historic skepticism toward the asset class. #FedMeetsNVIDIAMay20 #GoldmanCryptoPivot #OpenAIvsAnthropic $BTC $SOL $XRP

The Mega Asset Realignment (Q1 2026 Filings) ​The $700M Anchor: Goldman Sachs continues to solidfy its core backing in crypto, holding a massive $715M in spot Bitcoin ETFs despite broader market fluctuations. ​Altcoin Exit Strategy: In a surprising strategic pivot, Goldman Sachs has completely exited its positions in XRP and Solana ETFs during the first quarter of 2026. #FedMeetsNVIDIAMay20 #GoldmanCryptoPivot #OpenAIvsAnthropic $BTC $XRP $SOL

Exploded! #Samsung chip strike: 48-hour countdown The US stock market is still pulling back, but the crypto world has already started "paying respects early"! Recently, the most surreal scene in the global market has appeared. On one side, Nvidia continues to surge with AI, and the Nasdaq Composite Index is still climbing; On the other side, Samsung Electronics has announced a chip strike with a 48-hour countdown. Netizens have summarized it perfectly: 👉 "Wall Street is busy dreaming, Samsung is here to remind you of reality." What does global capital look like now? Like a group of people already drunk. AI, robots, SpaceX, Crypto... The entire market is discussing how future technology will change the world. Then suddenly someone stands up and says: 👉 "Sorry, the chip makers are about to stop working." The atmosphere instantly goes silent. Many still don’t realize how important Samsung really is. Simply put: The current AI craze worldwide fundamentally depends on chips. And Samsung happens to be the most core part of the global semiconductor supply chain. Recently, Bitcoin and Ethereum’s trends have become more mystical: * US stocks rise, crypto doesn’t necessarily rise * But whenever there’s a slight global disturbance, crypto dives first It’s like the "emotional experience officer" of the financial market. Especially $ETH has now entered: 👉 "Very proactive in falling, very indifferent in rising" mode. The market is increasingly detached from reality. So what’s truly scary about this Samsung strike is not just Korea. It’s that it suddenly reminded the global market of one thing: see the chart #美联储会议纪要+英伟达财报：5月20同日公布 #高盛清仓，机构持仓分化 #在OKX交易美股：AI双雄押哪边？ @天才交易员绿毛 @BTC 星辰 @天才少女秋秋 @玄弘法师 $ZEC

🔥 Goldman Sachs, Strategy, and BitMine—three major institutions facing the 2026 crypto market have made three completely different choices. 👀 Three institutions, three paths: 🔴 Goldman Sachs (retreat and reposition) Completely liquidated XRP and Solana-related ETFs in Q1; BlackRock's ETHA position shrank by about 70%; BTC ETF reduced by about 10%, shifting to increase holdings in crypto concept stocks like Coinbase. 🟢 Strategy (full-speed bet on BTC) Spent $2.01 billion in a single week to increase holdings by 24,869 BTC, continuing the "buy and hold" BTC accumulation strategy. 🔵 BitMine (betting on ETH staking yields) Holds over 5.27 million ETH (4.37% of the entire network), 89% already staked, with an annualized staking yield of about $289 million. Goal: reach 5% of the entire network's holdings by 2026. 📌 Three questions to understand this divergence ❶ Why did Goldman Sachs liquidate ETFs and switch to concept stocks? Directly holding crypto ETFs means net asset value fluctuates with coin prices, putting huge pressure on institutional risk control and reporting. Switching to crypto concept stocks retains upside potential in the crypto market while categorizing assets as "stocks," a more traditional asset class—resulting in lower compliance costs and easier explanations. This is not bearish on crypto but a more "comfortable" holding method for institutions. ❷ Strategy spent $2 billion in a week buying BTC—is this still normal? According to Strategy's logic, they continuously issue debt to finance BTC purchases, turning the company into a leveraged BTC holding vehicle. After holding 815,000 BTC, they added another 24,869 BTC, signaling only one thing: Saylor believes the current price is still worth buying. The question is, how long can their financing capacity last? ❸ BitMine betting on ETH staking—can this model work? 5.27 million ETH, 89% staked, $289 million annualized yield—this is a business model using ETH as an "interest-bearing asset," similar to collecting rent from real estate. The goal of holding 5% of the entire network means one company would control 1/20 of ETH's total supply, giving it significant staking influence. The risk lies in ETH price declines directly impacting the balance sheet, while staked ETH liquidity is limited, preventing quick stop-loss. 💬 As an ordinary investor, which institution's approach do you lean towards? 👏🏻 Feel free to share your thoughts in the comments ⬇️#高盛清仓，机构持仓分化

🔥 🔥 🔥#高盛清仓，机构持仓分化 Is Wall Street starting to "talk bullish while quietly exiting"? 👉 Goldman Sachs is making large-scale adjustments to some of its holdings, and institutional positions are beginning to diverge significantly. Simply put: Some are still shouting "the bull market continues," while others have quietly started to retreat. A netizen summed it up very realistically: 👉 "Retail investors are still studying candlesticks, while institutions have already started planning their escape routes!" The funniest part is, many retail investors are still: * Analyzing indicators * Studying patterns * Drawing trend lines While institutions might already be doing something else: 👉 "Looking for liquidity to exit." What is this like? Like a group of people in a karaoke bar still shouting "We won't leave until we're drunk tonight," while Goldman Sachs has already quietly gone to the front desk to pay the bill. So the real scary thing about "Goldman Sachs clearing out, institutional holdings diverging" is not who sold. But what it indicates: 👉 Inside Wall Street, there is already a huge split about the future market. And every time this happens, it often means: The real big volatility might not be far away. #波动雷达：币种异动观察 $ETH $BTC

#高盛清仓，机构持仓分化 🔥🔥Explosive! Wall Street institutions suddenly "go separate ways"—who's running away and who's bottom-fishing? Recently, the moves by several major Wall Street institutions have left the market stunned! Goldman Sachs completely liquidated its XRP and Solana-related ETFs in Q1, and even the veteran BlackRock cut its Ethereum holdings by 70%, reduced Bitcoin ETF by 10%, and turned to buying crypto concept stocks like Coinbase. On the other hand, Strategy dumped $2.01 billion in a single week, aggressively buying 24,869 BTC; BitMine hoarded 5.27 million ETH, accounting for 4.37% of the entire network, with 89% staked, generating $289 million in annual interest, aiming to hold 5% of the entire network by 2026. In the same market, institutions are taking completely different paths: some are running away, some are holding on fiercely, and some are earning passive income through staking. Who really has the better insight? Have you understood this wave of divergent moves? Personal opinion: Each institution has its own calculations behind their choices, so ordinary people should avoid blindly following the trend.🐤🐤 $BTC $ETH $OKB #星球日报 #OKX星球话题来啦 @OKX中文 @OKX成长学院 @OKX星球 @OKX Orbit

On the subway after work, I came across a piece of news and was stunned. Trump escalated his war rhetoric, the Middle East situation suddenly became tense, and then—$DOGE plummeted in response. This is not a movement that technical analysis can explain. This is an emotional market. Today, the overall crypto market is all green. $BTC fell below $77,000, hitting a two-week low. $ETH also pulled back to around $2,136. Even more dramatic, over $500 million worth of long positions were liquidated across the entire crypto market within 24 hours, with 89% of those being long positions wiped out. The bears cleaned out the bulls’ accounts completely overnight. At this moment, look again at those "mainstream narratives"— Goldman Sachs just liquidated its XRP and SOL ETF holdings last week and turned to bet on other sectors. What about Harvard’s endowment fund? Reportedly, it quietly sold off ETH and switched to buying BTC ETFs. Big players have their own agendas, while retail investors are still digesting the "altcoin season" dream. But this $DOGE drop suddenly brings everyone back to reality. The crypto market has never been a safe haven. Trump tweets, the Middle East gets tense, and $DOGE can instantly turn green or red for you. The so-called "institutional bull market" is essentially just an amplifier of emotions. Honestly, holding altcoins right now feels very delicate. $BTC is grinding around $77K, $ETH is hovering near $2,130, and no one knows which way it will go tomorrow. If you say you’re not worried, that’s not true. Let’s chat in the comments: Are you still holding altcoins now? Or have you already gone to cash and are just watching the show?

📊 Cryptocurrency Market Report — May 19, 2026 Current Prices Bitcoin: approx. $76,773 | Ethereum: approx. $2,128 | SOL: approx. $85 | XRP: approx. $1.38 Total market capitalization reached $2.65 trillion, with a slight 0.1% decline in 24 hours. Trading volume hit $98.3 billion. Bitcoin dominance remains at 58.1%. Market Sentiment The Fear and Greed Index plunged 8 points in one day to 34 (Fear zone), with a 13-point drop over 7 days. Sentiment is cooling much faster than the actual price movement. 🤖 #OpenAIvsAnthropic According to the Ramp AI Index on May 2026, Anthropic surpassed OpenAI in enterprise adoption for the first time (34.4% vs. 32.3%). Anthropic’s valuation reached $930 billion (exceeding OpenAI’s $852 billion), with significantly higher capital efficiency. Claude Code accounts for 4% of global public GitHub commits. Anthropic’s Q1 revenue and usage grew 80-fold. Impact on Cryptocurrency: The AI competition accelerates explosive growth in computing power demand, benefiting AI crypto narratives, GPU/DePIN tokens, and RWA tokenization sectors. 📅 #FedMeetsNVIDIAMay20 — Key Events from the Fed and NVIDIA On May 20 (tomorrow), two major events will occur: the Fed releases the latest FOMC minutes, and NVIDIA announces its Q1 FY2027 earnings (market expects revenue around $78-79 billion). This meeting is highly anticipated as it is the last under Powell’s era, with new chair Kevin Warsh’s appointment possibly signaling policy shifts. Meanwhile, NVIDIA, as the core of AI computing power, will directly reflect AI demand intensity and impact the entire GPU/DePIN ecosystem. Impact on Cryptocurrency: If NVIDIA’s results exceed expectations and the Fed minutes lean dovish, it will favor risk assets, providing a short-term boost to AI narratives and Bitcoin; otherwise, it may intensify current risk-off sentiment. 💼 #GoldmanCryptoPivot — Goldman Sachs’ Crypto Shift Goldman Sachs recently showed significant adjustments in its crypto holdings via 13F filings: substantial reductions in some Bitcoin and Ethereum ETFs, while previously holding XRP and Solana ETF positions (approx. $153 million and $108 million), shifting towards other crypto infrastructure and derivatives strategies. This move is interpreted by the market as Goldman’s strategic pivot from early “skeptic” to active participant in crypto, reflecting Wall Street institutions increasingly viewing crypto as a manageable asset class rather than pure speculation. Despite short-term position rotations, it shows growing institutional confidence in the crypto market long-term, especially with clearer regulatory expectations. Impact on Cryptocurrency: Strengthens institutional adoption narratives, benefits XRP, SOL, and other tokens previously favored by Goldman, and injects long-term confidence into the market, especially alongside the advancement of the "Clarification Act." Top 15 Largest Market Cap Tokens and Their Impact Levels (May 19, 2026) 1. Bitcoin (BTC) – Market cap approx. $1.54 trillion: Mainly influenced by macro and geopolitical factors but maintains a relative safe-haven status. 2. Ethereum (ETH) – Market cap approx. $255-258 billion: Neutral impact, indirectly affected by gas fees and DePIN/AI trends. 3. Tether (USDT) – Market cap approx. $189 billion: Stablecoin with low volatility. 4. BNB – Market cap approx. $86 billion: Low impact. 5. XRP – Market cap approx. $86 billion: Outstanding performance with strong capital inflows. 6. USDC – Market cap approx. $77 billion: Stablecoin, stable performance. 7. Solana (SOL) – Market cap approx. $49-52 billion: Positive performance, benefiting from DePIN and AI narratives. 8. TRON (TRX) – Low impact. 9-15: DOGE, ADA, AVAX, TON, SHIB, LINK, etc., follow market fluctuations. Currently most affected token groups: • DePIN & GPU-related (RNDR, TAO, ICP, AKASH, IO.NET, etc.): Short-term pressure from chip costs, long-term benefit from surging demand. • AI narrative tokens: Benefit from the computing power race. • BTC & ETH: Bear pressure from oil prices and geopolitical tensions but expected to gain catalysts from Fed/NVIDIA events. Market Summary The market currently faces four major pressures and catalysts simultaneously: geopolitical issues, chip supply chain, AI capital competition, and upcoming policy and institutional signals from #FedMeetsNVIDIAMay20 and #GoldmanCryptoPivot. Bitcoin holds the $76,000-77,000 range with strong support at $74,000-76,000. Short-term pressure remains, but tomorrow’s events may bring a turning point. Highlights: Advancement of the US "Clarification Act" + institutional pivots like Goldman Sachs provide support for long-term regulation and adoption. $HYPE $BSB $BSB

What’s next for BTC? I’m only looking at three scenarios BTC is currently around $77,000, having already dropped below $80,000, showing clear short-term weakness. Considering the Fed meeting minutes, Nvidia earnings, Goldman Sachs position adjustments, OKX US stock perpetuals, and the CLARITY Act, I believe there are three main scenarios ahead. Scenario 1: Technical rebound. If BTC holds between 76,000–76,500 and climbs back above 78,000, a short-term rebound is possible. But note, a rebound is not a reversal. True recovery requires reclaiming 80,000. Scenario 2: Low-level consolidation. If BTC fluctuates repeatedly between 76,000–78,000, it means the market is still digesting the news. This phase is the easiest to shake out traders—small gains feel like a reversal, small drops feel like a crash. Scenario 3: Further decline. If BTC breaks below 76,000, the next support could be 75,000. At this point, ETH and altcoins may also continue to face pressure. The core logic for BTC now is: The Fed is suppressing risk assets, Nvidia is impacting tech sentiment, Goldman Sachs represents institutional defense, OKX US stock perpetuals are diverting hotspots, and CLARITY is a long-term positive but being realized in the short term. In short: 76,000 is defense, 78,000 is rebound, 80,000 is recovery, and 82,000 is the point of strengthening. Which scenario do you think BTC will follow? #美联储会议纪要+英伟达财报：5月20同日公布 #高盛清仓，机构持仓分化 #在OKX交易美股：AI双雄押哪边？ $BTC

Goldman Sachs is not retreating; it is doing asset selection within crypto When the 13F filings came out, all the headlines were about "liquidation." XRP and Solana ETFs were completely cut, Ethereum was reduced by 70%, making it look like a run for the exit. But the $700 million Bitcoin ETF position remained untouched—altcoins are "trash," Bitcoin is the "core holding that must be retained," the asset hierarchy is clearer than any textbook. What’s really overlooked is that the money hasn’t left; it just took a detour. Goldman Sachs turned around to increase holdings in Circle, Galaxy Digital, and Coinbase, specifically choosing companies tied to stablecoin infrastructure and institutional trading brokerage. Previously heavy positions in Strategy and mining stocks were reduced. This accounting is precise. Directly holding altcoin ETFs draws intense scrutiny from the SEC’s regulatory reports, with compliance departments walking a tightrope daily. Buying Coinbase stock is much more respectable—you’re holding equity in the crypto economy’s tax collector, not directly touching coins, so no one can nitpick. A deeper underlying thread: Goldman Sachs is moving downstream. ETFs only "hold crypto assets," with performance relying entirely on BlackRock’s custody fees and market beta. Coinbase is different—custody, staking, trading fees, USDC interest; in a bull market, every revenue stream flows with real money. What retail investors should borrow is not what Goldman Sachs bought, but that its underlying algorithm has switched. Hedge funds used to chase industry beta; now they want to find "the most traditional business-like" things in crypto. Selling shovels, collecting tolls, earning interest spreads—Coinbase hits all three. The allocation has shifted from betting on direction to betting on platform monetization. #高盛清仓，机构持仓分化

#星球日报 <05.19> 📊 Market Snapshot ↓ $BTC $76,654　📉 -0.66% $ETH　 $2,123　 📈 +0.06% $DOGE $0.1042 📉 -2.58% 🔥 Hot Topics on the Planet: (Planet - Discover - Trending Topics) ❶ Federal Reserve Meeting Minutes + Nvidia Earnings: Both Released on May 20 ➋ Goldman Sachs Liquidates, Institutional Holdings Diverge ➌ Trading US Stocks on OKX: Which Side Are the AI Giants On? ❹ SEC New Regulations: US Stock On-Chain Trading Moves Toward Compliance 📢 Important Announcement: OKX Officially Lists TAOUSD, BNBUSD, HYPEUSD, LINKUSD, TRXUSD X-Contracts (X-Perp) https://www.okx.com/zh-hans/help/okx-to-list-taousd-bnbusd-hypeusd-linkusd-and-trxusd-expiry-perpetuals-x-perp

Goldman Sachs Liquidation, Institutional Holdings Diverge: The Market Is Quietly Changing Its Logic Recently, there has been a very clear feeling in the market: the foreign capital barometer Goldman Sachs is massively reducing holdings, and institutional operations are no longer "banding together"; some are selling, some are buying, and the divergence is growing. This is not a simple capital inflow or outflow, but a re-pricing by institutions of the current market, valuations, and risks, behind which lies a real style shift. 1. Goldman Sachs’ "Liquidation-style" Reduction, a Clear Signal In Q1 2026, Goldman Sachs made very decisive portfolio adjustments. On the A-share side, it reduced holdings in 105 stocks in one go, with over half of the targets cut by more than 10%, many close to liquidation levels. For example, Yayi Technology was cut by 81.19%, Zhejiang Shibao reduced by 66.77%, and Han Jian Heshan, Xinri Shares, Tianqi Shares, among others, were also heavily sold off. Actions in the crypto market were even more straightforward: directly liquidating XRP and Solana-related ETFs, totaling nearly $154 million in positions completely zeroed out; Ethereum ETF holdings also sharply reduced by 70%, only retaining the core base holdings of the Bitcoin ETF. Goldman Sachs’ logic is very direct: hedge at highs, lock in profits, and shift to lows. Whether it’s high-level small caps in A-shares, home furnishing and traditional cyclical sectors, or niche coins in the crypto market, as long as valuations are high, banding weakens, and performance is weak, they are decisively reduced. It’s not a complete exit but risk reduction and maintaining base positions, waiting for clearer signals. 2. Institutions No Longer Band Together, Holding Divergence Becomes the Norm Unlike the past two years of "buying AI together, buying semiconductors together," institutional holding strategies have completely diverged now. On the public fund side, overall equity positions declined in Q1, shifting from growth tracks to low valuations, pro-cyclical sectors, and pharmaceutical subsectors. Social security and state teams favor cyclical utilities, insurance increases tech holdings, and foreign capital leans more toward manufacturing sectors. Even within the same industry, divergences are obvious: some sell leaders to deflate bubbles, others buy subsectors to find alpha. Foreign capital is even more "each with their own agenda." Goldman Sachs is selling, while some institutions are buying at lows; some reduce tech holdings, others increase pharmaceuticals and high-end manufacturing. There is no unified direction, only individual risk preferences and timing judgments. The core reasons for divergence are actually three: 1. Valuation cost-performance reversal: growth stocks that were banded together in previous years are no longer cheap, and earnings lag stock prices, so capital naturally shifts elsewhere. 2. Rising macro uncertainty: Fed rate cut expectations fluctuate, external liquidity volatility increases, institutions dare not heavily bet on a single track and must diversify. 3. From "playing beta" to "earning alpha": broad market rallies are hard to repeat, so institutions must rely on selective stocks and capture niche prosperity to make money. 3. Market Logic Has Changed: From Chasing Highs to Being Pragmatic Goldman Sachs’ liquidation and institutional divergence essentially reflect the market’s shift from "emotion-driven" to "fundamental-driven." Previously, it was "as long as the sector is good, valuation doesn’t matter," with capital piling into core assets; now it’s "first look at valuation, then earnings, and finally certainty." High-priced stocks are sold off, while low valuation, high dividend, and turnaround targets are favored. For ordinary investors, this change means: - Stop blindly following "bandwagon sectors," as chasing highs carries increasing risk; - Pay attention to the match between valuation and earnings, avoiding weak performance and overvalued targets; - Institutional divergence is not bad; it can reduce extreme volatility and better test the quality of individual stocks. Ultimately, Goldman Sachs’ reduction is not "bearish on China," and institutional divergence is not "the market is failing," but a normal state of a mature market—there are no forever unanimous expectations, only ever-changing risks and opportunities. Going forward, selecting low-level, earnings-backed, and low-crowded targets will be more reliable than blindly chasing hot spots. #高盛清仓，机构持仓分化 #美联储会议纪要+英伟达财报：5月20同日公布 #三星芯片罢工：48小时倒计时 $ETH $BTC

Goldman Sachs "clean sweep" sell-off: Sold all XRP and SOL, cut ETH by 70%, but kept BTC Oh my Buddha, Goldman Sachs' move just slapped altcoin holders hard. The just-disclosed 13F filing shows Goldman Sachs' Q1 2026 crypto holdings adjustments as follows: • XRP ETF: fully liquidated, previously held about $154 million • SOL ETF: fully liquidated, not a single share left • ETH ETF: reduced by 70%, down to just a fraction • BTC ETF: retained about $700 million position, unchanged Got it? Goldman Sachs put real money on a no-confidence vote—no confidence in XRP, no confidence in SOL, no confidence in ETH, only trust in BTC. --- A few chilling details to ponder: First, selling off $154 million in XRP holdings on a whim—Goldman Sachs was one of the largest institutional holders of XRP ETFs, yet silently cleared it all out. XRP fans are probably scrambling to find reasons to explain this as "tactical reduction." Second, ETH was cut by 70%, but BTC remained untouched. The institutional vote with their feet says: ETH is the "world computer," BTC is "digital gold"—in chaotic times, gold sells better than computers. Third, Goldman simultaneously increased holdings in Circle, Galaxy, and Coinbase stocks, while reducing Strategy, IREN, Bit Digital, and Riot. Translation: bullish on crypto infrastructure, bearish on mining and altcoin exposure. --- What does this mean for ordinary people? If you hold XRP, SOL, or ETH, Goldman Sachs' moves at least warrant a re-examination of your own logic. Not to blindly follow the sell-off, but to ask yourself: Are my reasons for holding stronger than Goldman Sachs' research team? The above is just a personal opinion and not investment advice. $BTC $ETH $SOL #高盛清仓，机构持仓分化