Yes, some pricing in is going on. But we have no idea what the demand will be, and there will be some to start.
68% of #Bitcoin hasn't changed hands in a year
The illiquid supply is at an ath
So if there is actual demand for the spot ETF, there is very little supply, and that supply would only enter on much higher prices. A lot of this BTC is now in diamond handers hands
Closing statement: Don't pretend you know what will happen, nobody does. it's a guessing game. But leaning into it with that strong of a bias thus far hasn't worked well for one side. Once we see the inflows, we will know the actual demand
