Net inflow of $250 million in a day is crazy.
That is 5800 Bitcoin being taken off the market in just 1 day. Currently 900 BTC is being mined in a day.
Obviously at some point inflows will start slowing down a bit too. But I don't think we're there yet. All the ETF issuers have started marketing their ETFs. Price going up brings more exposure, which brings more inflows, which makes price go up more. Classic bull cycle flywheel mechanics even before the halving.
For references MicroStrategy bought $615 million BTC between 30th of November and 26th of December.
If we have 3 days of inflows like yesterday, it will really go crazy.
The amount of Bitcoin float will significantly drop over the next couple of days and once the price starts moving with limited supply left... Things can go crazy.
No, not $1 million crazy. Crazy for me is breaking ATH before halving.#Write2Earn
