What's the most likely inflow of capital into Bitcoin?
$300B, 1% of combined AUM from ETFs.
$800B, equal in size to the current Market Cap.
$1.7T, 1% of global highly liquid capital.
#Bitcoin 🧵
The current rally — over 0.5 standard deviations from the short-term holder cost basis — is comparable to other pre-halving rallies (marked by blue arrows).
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