@DonkeyInvestor At least we had new ATHs🤷♂️ But yes, if you look at the inflows, we should actually be much higher. Most purchases are made OTC and therefore have no direct effect on the price. Sales, on the other hand, are mostly executed on the spot market and do have an impact on the price
@stefan_21 and yet the OTC coins have to come from somewhere. It can't be that they have all stashed them for years and thought to themselves "when ETFs come in 5 years, I'll sell everything OTC!"
@DonkeyInvestor Absolutely. For the most part, of course, these are the miners. But also other whales. But even the miners would have to run out of Bitcoin at some point.
