Yes, and of course sentiment isn’t a point, it’s a curve. Two curves, in fact (supply and demand). “Inflows” increase when there is a lot of overlap in the curves, which tends to happen when there is more diversity in views about the value. For example, if something changes people might update their views and the curves adjust accordingly.
It’s important that you point out that if we are talking about inflows of BTC into an ETF (as opposed to inflows of USD), the supply is non-ETF holders and the demand is the ETF holders.
Yes, and of course sentiment isn’t a point, it’s a curve. Two curves, in fact (supply and demand). “Inflows” increase when there is a lot of overlap in the curves, which tends to happen when there is more diversity in views about the value. For example, if something changes people might update their views and the curves adjust accordingly.
It’s important that you point out that if we are talking about inflows of BTC into an ETF (as opposed to inflows of USD), the supply is non-ETF holders and the demand is the ETF holders.