While many people stay out trying to guess where the market will go in the short term, Arkham data shows that BlackRock’s ETF put more than US$ 1.5 billion in Bitcoin in the bag over the last month, with buying days hitting the range of US$ 200 million straight into the spot market.

This money isn’t from an adventurer doing quick trades: it’s heavyweight, institutional capital draining circulating money to lock it away long term, creating a real scarcity that the price will inevitably charge for sooner or later; the question is whether you’ll position yourself before or after this bill comes due.