The 2 first days of inflows equated to more than 20,000 bitcoins purchased by the ETFs.
To put this in perspective, right now 900 new bitcoins are mined per day. If inflows continue at a rate 10X faster than production, the only way to get more bitcoin is to get people to sell theirs. While most people have a price at which they'll
part with their bitcoin, according to Michael Saylor's survey, many require that price to be a lot higher. A whole lot higher.
To compound this supply/demand dynamic, the next bitcoin halving is in April where the 900 bitcoins produced per day drops
to 450.
To further add fuel to the fire, many people think global liquidity, a major driver of asset prices, has bottomed, and we are headed up from here.