Power Plays Update
Trim IBIT
April 23, 2025

By Scott Redler

Bitcoin is up nicely again today.

Let's take off another 1/3 of IBIT for Power Plays here to lock in another small gain.

This leaves us with 1/3 left.

IBIT may be overheated over $53 so it might be due for a pullback. Then, it might build for a bigger move.

For now, the strategy is to trim and trail.

-Scott

Scott Redler Positions Disclosure as of 2025-04-22 at 9.44.46 AM