However, is something wrong with the bitcoin markets. I figured this would happen because those ETF's need to use exchanges to purchase coins and how is coinbase going to have the liquidity to deal with the current ETF demand.
What do you think, is there a liquidity crunch and it makes sense to sell now because sellers will come in soon to take advantage of these high prices? Or does it make sense to just hold at this point?
OTC, they are purchasing huge chunk of Bitcoin over the counter either from exchange or the miner so that they purchased will not gonna cause a huge price impact in the market.
Besides the market is already continuously pumping hard with volume but not equal to the ETF volume. Probably some ETF provider is buying on exchange while some of them is on OTC. Although you point out a valid concern but I’m sure this sell pressure will absorb by those will want to enter late wants sell off begin.