It has been more than ten months since ETF was approved on January 11. In the past ten months, it has been pulling up the market and rising to the present. ETFs are long-term holdings, and they will not sell them. Even if they sell them, they cannot sell them. If you now drop 100,000 coins, it is estimated that Bitcoin will plummet by more than 30%, or even more than 40%. As long as someone brings money into this market, someone will definitely take money out. So who took the money from ETFs, the money they used to buy Bitcoin? First of all, 50% was taken away by Grayscale. The other 50% was taken away by other retail investors, as well as large investors. Exchanges and the like. So if ETFs now buy 10,000 or 9,000 coins every day, how much money does it have to invest every day? About 900 million. He bought 13,000 coins and 1.1 billion US dollars the day before yesterday. So do you understand now? That is to say, the higher the price rises, the less money there is in the market. First of all, my theory is not wrong, but why does it keep rising? Because ETFs are rich, they keep putting money into them, but there will be a day when they can’t put it in anymore. I don’t believe they can pour 800 million, 900 million, or 1 billion every day. This situation cannot last more than two months. In addition, it has already pulled up so much. I personally think that this situation, this rise, will only last for another month at most. Even after November, it will usher in a big correction, because first of all, the price has risen so high, that is, it is pulled up by ETFs. If the purchase of ETFs decreases, the price will fall quickly, because there is not so much demand, and the price is so high, then everyone is sure that those who make money will definitely run away. This is why it rose to 93,000 last night, and then fell back to 88,000 in a flash. Why did it fall back to 88,000? Because someone sold it, someone made money and ran away. So now the price is still here, because everyone thinks that ETFs will continue to buy, so think about it, if ETFs continue to buy but are not strong or even outflow, there will definitely be an avalanche $BTC $ETH $DOGE