/biz/ - Business & Finance

i only have $200 invested in bitcoin (ticker: BTC)
am i gonna make it or is it already over for me?

What's going on with Bitcoin and all these ETFs ?
Why isn't Bitcoin going up ?

Here are some keys points.
Grayscale GBTC has sold 12,500 BTC to cash as of today.
The ETF's have purchased 11,175 BTC since the ETF's started.
The ETF's had 111.665 BTC in their wallets the day of the ETF starts
Miner's have sold 10,233 BTC in miner reserves
Miner's mine 900 BTC a day/ 27,000 a month, 450 after the halving in 89 days
The majority of the TEF's buy their BTC over the counter (OTC) at Coinbase.
Coinbase held around 1 million in BTC the day of the ETF start.
Around 10,000 of those are Coinbase owned.


It would make sense that if buying pressure for the ETF's keeps up, at some point the OTC wallets and Grayscale's GBTC would sell out. It should take a few months. Once that happens 100% of the ETF buys have to come from the direct market minus whatever the miner's sell.
It could be the mother of all rises for BTC.

What's your take ?

Because I'm not seeing any.