While their buying activity has provided substantial support for Bitcoin's price, there is a consensus that these inflows are not sustainable indefinitely.
This expectation hinges on several factors, including the continued influence of ETFs on the market. While their buying activity has provided substantial support for Bitcoin's price, there is a consensus that these inflows are not sustainable indefinitely. Should ETF flows begin to slow or reverse leading up to the halving, we may see a compounded effect on the market. The anticipation of reduced demand from ETFs, coupled with traditional halving psychology, could trigger a period of heightened volatility, with traders likely to adjust their positions in response to early signs of a shift.