If we look at demand generally since the ETFs have launched, it has created tremendous supply shock already. Once the halving occurs, and that supply is further reduced, it's only logical to think that the price will appreciate.
The demand from these funds has been so strong that the price of the digital asset rallied to a new all-time high to keep up with the onslaught of bitcoin purchases. But the market may have gotten a bit ahead of itself in the hype.
#bitcoin-halving #exchange-traded-funds #bitcoin-price-impact #supply-and-demand #cryptocurrency-market-trends
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