It’s been 242 calendar days since Bitcoin spot ETF launch. Average net inflows to spot ETF’s since launch is at $69.82 million per calendar day.

450 BTC are mined per day. If we reach a point where buying/selling outside of spot ETF’s is net neutral & spot ETF’s are chasing newly mined BTC only, equilibrium price would be $155.16k per $BTC .

You are NOT bullish enough.

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