How did the proce get to 100k? Where did the liquidity come from? Odd, silo's analysis here. Should be a range, not a fixed price point at the days. What's t +5 or t +14 on those prices? Up or down?

Everyone was wrong 🤣 I've had many doubts about magic internet money. The last 4 years or so has sucked balls from a price perspective. I prefer my life with bitcoin even if it proves me wrong 90% of the time. No matter how I slice it, bitcoin is the correct answer.

You sign up institutions before the plebs at your own risk. They know his to manipulate feelings/mass psychology and they know how to manipulate markets/mass financial decisions. Enjoy the institutions coming. It was a trap and most of the Bitcoin maxi cult fell for it.

Price at the edges is easily manipulated up or down. I'd argue it's not the real price. Only real currency can smooth out those effects as price core is more important than short-term fluctuations. Currency is a consequence of use. That's why we do Monero and some people are offering products based on long-term averages to fully price in Monero. Other people may use this to arbitrage which further stabilises the price trajectory.

Sounds like the problem is you're listening to the wrong people? Billions "rushing" in is unlikely to happen, and even if it did its effects are likely to be mitigated by billions rushing out as earlier investors take profits. $42k to $70k in two years is also nothing to sneeze at.

50 day, 200 day averages are there for a reason.

it won't be a government decree that makes normies start using sats, it'll be the hyperinflation and routine bank account seizures

Doubt the narrative without any doubt.

The futures vs. spot ETF comparison misses structural differences—spot ETFs actually enable institutional custody, which futures couldn’t. A piece I read argues the real ETF-driven liquidity wave hits in 2025-26 as pension funds complete due diligence. Current price action doesn’t reflect long-term inflows.

The Board

Bitcoin ETF Flows: Price Dynamics in 2026

Explore Bitcoin ETF flows and price dynamics in 2026. Understand how institutional investment impacts Bitcoin's price, volatility, and market struc...

Exit liquidity for OGs: the ETFs were like a company going public via an IPO. Insiders tend to cash out with the new exit liquidity. It eventually balances out, then the next leg up follows—as long as there is no recession or depression. NGU technology continues. It has been disappointing so far, for sure. Ai and then Gold's recent moves have taken some luster away from us. Eventually, the attention returns.

Not all institutional allocators or investors can easily stack yet. Most of the time, their mandate or their jurisdiction simply doesnt allow it. Think institutions that only invest in bonds. Think nation states or central banks that only 'reserve' with fiat currencies or gold. And those early adopters who have allocated (to IBIT for example) have only done so with a fraction with their capital. These types of investment decisions take time because these institutions are incredibly slow, and from my experience, they don't even consider it. Yes, there is enormous capital not yet allocated to Bitcoin, and as you refer to it on the sidelines. It will come and it has to come, as bitcoin continues to prove itself as the best money and the best asset to hold and save in.

Couldn’t be happier about this. Bitcoin is freedom Internet money for the little guy. Bitcoin etfs are the most retarded idea ever

I'm hearing them, not listening to them :) And I've been hearing about the premise of "regulatory clarity" and various TradFi acceptance for over 5 years. Today it's Clarity Act and Morgan Stanley's ETF. Before it was ETFs and accounting rules, etc.

Seems like you of all people should be in a bubble where everyone's talking about payments and point of sale availability being key to unlocking exponential growth...

No, it's all agentic payments!

the only billions left on the sideline are people who actually need it

Why do people think any of this stuff is going to impact price? Isn’t the whole reason “Bitcoiners” hate the payments usecase is cause the merchant usually sells the Bitcoin so it hurts price?

But if I replace my spend, and they actually hold a bit. It creates demand.

Payments adoption impacts price as if widespread - privacy is improved massively - narrative bitcoin is useless disappears - moat becomes even bigger - can live off bitcoin without need for fiat rails so more attractive to store it Store of value needed for payments that reinforce store of value in a virtuous circle and it all ends (in the positive scenario) with unit of account, the last one

"Why do people think X is going to impact Y"? Surely astrology is a sufficient counterexample to all questions of that type...