119k Bitcoin by a couple days ago. And as of morning of the 25th (yesterday) Blackrock alone had already added about 1600 more btc to their ETF holdings since a day or two before. So ETF market (excluding GBTC) is probably up to 125k now, or over $5 billion, in just two weeks!

Seems like the ETF market currently is adding probably roughly $100 million a day, maybe more (obviously was higher the first few days the ETFs were open).

If the FTX/Grayscale selling is basically over, and the sell-the-news market participants are done, both likely to be true at this point I think, then the ongoing large accumulating of bitcoin from the ETFs is going to start shocking the supply soon. If ETF buying can hold in the $50 - $100 million per day (1k-2k btc) range in the coming months that is going to cause a huge upward pressure on the price, and even moreso in three months after the halving. Wouldn't be surprised to see Bitcoin hitting $50k in February as ETFs soak up a lot of supply and the sell-the-news people buy back in as they see the price recover up through the $40,000s.