This quarter ETFs pulled in $6.3 billion, and in the second quarter they still saw net outflows of $5 billion—turning on a dime faster than flipping a page. Then Citi raised its 12-month target from 82,000 to 113,000. I’ve read these kinds of reports for a decade, and there’s only one rule: when the data comes out, the market may not necessarily rise—sentiment gets there first. Then you chase in, and institutions follow behind counting money. The script back at this time last year was still fresh—when the target price is shouted louder, you have to be especially careful in the short term. I’ll wait for it to play out. I’m not betting on predictions. I won’t chase from the 86k level—if it truly pulls back, then we’ll talk. $BTC
