there's very little buying ...

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... of paper bitcoin

if that makes you feel better

it genuinely never makes me feel better to see blackrock's or mstr's stacks grow.

Everyone ploughing into AI stonks

yap

This is 100% copium, but check out what happened on that chart the last time we saw an extended period of muted ETF inflows

True, I'm not bearish for the cycle, actually think we're in the super cycle, just noting that since the "crypto" liquidation event there's been very little buying, etf or otherwise. Maybe a bit more chop ahead, feels like we need some catalyst to get momentum going.