I just realized that we can use the ETF flows to measure big global capital accumulation.

The ETFs will be used by retail and small capital pools but I highly doubt governments and large institutions around the world will trust the US with their bitcoin.

At some point, the number of bitcoin in the ETFs will slow or even start to drain out…with the price rising.

That’s the signal that these large global capital pools around the world are now in accumulation mode.

It’s fun to watch out for the milestones on our path.