Interesting thing I'm seeing here: in recent days, over a billion dollars have entered Bitcoin ETFs, but the price is almost stagnant. Like, it should be going up, right? Yeah, there's a pretty interesting explanation behind this.

According to an analysis I saw, the problem lies in the ETF mechanism itself. When you put money into the fund, authorized participants create and sell shares before actually buying Bitcoin on the market. So there's this delay between the inflow of funds and the actual purchase. It's like that waiting game — the ETF grows, but the spot market purchase happens later.

The result is billions flowing into the funds, but the pressure for real buying in the market is delayed. Meanwhile, other sales end up offsetting any positive movement in the price. That's why Bitcoin is kind of stuck even with all that money coming in. Interestingly, the current price hovers around $72.78K, but without the momentum we might expect.