We all saw it in March everything crashed stocks, bitcoin gold, everything. Some fools think that if the stock market dumps again that Bitcoin will go with it. They are wrong. 2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet. It wasn't Grayscale and it wasn't Microstrategy, it was a different whale. And when bitcoin came back down under $12k yesterday, someone bough another 3k BTC and moved them off the exchange.
The supply accross exchanges found on public wallet trackers is 1,787,873 BTC. At this rate the supply on exchanges will continue to drop and the halvening magic will do the trick it does every 4 years.
This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up
Being optimistic isnt bad but dont really hope that much because we wouldnt know on what actually is happening beyond those events.If you do saw that huge number of coins
moved them off the exchange then you wouldnt know on whats next neither those are solely hold for long term or just a typical short time buy and sell.
People cant really avoid on making up speculations from time to time and when they do saw traditional markets is declining then primary thing that will come out into their
minds that funds might be flowing next into crypto market which is plausible but not an assurance.
Traditional investors would really be always keen on putting up money into something which isnt regulated and a very volatile one.