Bitcoin ETFs in the US have accumulated nearly 9,000 BTC as of November 19, equivalent to about 814 million USD, according to Coinglass. This creates a significant supply shock as only 450 BTC are mined each day. The halving effect in April further increases supply pressure, which could lead to a post-halving bubble like previous cycles.

Over 1 billion USD has flowed into Bitcoin ETFs in the past two days, with Ark 21Shares, Fidelity, and BlackRock leading the way. This demand indicates strong institutional participation, while retail investors have yet to join.

Bitcoin reached a record high of over 94,000 USD before dropping to 92,320 USD. The launch of BlackRock's IBIT options generated nearly 2 billion USD in trading, expanding opportunities for institutional investors. 🚀