ETF demand was one of the main reasons that helped Bitcoin reach new highs earlier this year. That demand has slowed down for now and we are not seeing as much inflow. Because of supply and demand I still think the price will increase but it will happen at a slower pace. There needs to be more to Bitcoin than just price speculation to sustain higher prices. There is a lot of investment in Layer 2’s and maybe this will be a positive impulse that takes the price higher if we start seeing a lot of value locked in these protocols.