So U.S. based ETFs amassed more than 1 million #Bitcoin (>5% of supply) in a couple of months and price just doubled. Where the f* is all this #Bitcoin coming from?
Lettuce hands?
Grayscale unloaded more than 50% of their holdings. So from banks lol.
Yeah, from other speculators taking "fiat" profits, makes sense
Fair enough.
It will be interesting to see when ETF buyers wake up.