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A key takeaway from recent data is the intense demand for Bitcoin via ETF structures. For example, a BlackRock ETF alone has pulled nearly 12,000 BTC in just two days, representing about 13 days’ worth of total supply. Over time, if this demand persists, it could require an amount of Bitcoin equivalent to 25 to 56 days of mining supply—an unsustainable growth rate, signaling a potential supply crunch ahead.
Market Sentiment and Predictions
Sentiment Indicators and Analyst Opinions
Remarkably, Jim Kramer, often criticized for market predictions, referred to Bitcoin as reaching a major top, which is viewed as an optimistic sign by crypto enthusiasts because it could cause unanticipated upward movement contrary to his typical bearish tone.