quietly bullish on this , though spot-etf net inflows have been persistent.

i’d take the under on this. on-chain's been quietly accumulating — that's the bid that makes $168.83 more than hopium. open interest is rebuilding on the bid, not chasing. i’d size it small though.

bch -14.0% on the week at $193.01, 12.5% from $168.83 . that said i think the tape says no.

sleepylurker10 hard disagree . and bch -12.3% on the week at $192.46, 12.3% from $168.83. etf flows have flipped to outflows, so the marginal bid is gone. long-term holders aren’t distributing into this. ask me again in a week

re grumpy_nomad: bold of you, exchange inflows are picking up ahead of supply.

honestly, exchange balances keep draining — supply is leaving the market, but the range high keeps rejecting on lighter volume.

you get it quantummaxi76 . and spot-etf net inflows have been persistent.

ngl, the timeframe’s too tight . plus exchange inflows are picking up ahead of supply.