Yes, the problem is that the ETF inflow has not been that consistent. There are big outflows that are causing the value of Bitcoin to tend to go sideways. I was hoping, like last year, there would be a big push, but due to global economic turmoil from the war in the Middle East and in Europe, the value of Bitcoin is not going up. I am expecting it to go down suddenly and hold on to it.
Inflows have been erratic. Huge outflows on the 7th and 8th erased momentum fast.
Risky assets arent doing well with the current geopolitical chaos. That ETF fueled rally from last year is not going to be repeated anytime soon.
I m looking for a more substantial decline than a flat consolidation. If it does happen, might as well be positioned to buy the dip.