Last week ETFs bough over a month's supply of BTC (BTC18.750). Just yesterday ETFs consumed BTC7.761 which is over 17 days of supply consumed in only one day! Anyone else is astonished that they're able to do that without moving the price much?
I think we have to assume that there is big money shorting in futures markets to keep the price down. Either that or even worse, Blackrock are selling IBIT shares and not buying the physical Bitcoin.
Wouldn't BTC addresses show this clearly, someone would be able to figure that out, surely?