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I wonder how much of the price action is due to debt funded purchases through MSTR and other leveraged ETFs (e.g. BITU, BITX)?





Have a look at the daily volume of trading for Bitcoin, these financial tools are a very small part of this... we are talking $50-100 billions daily. It does contribute, but in terms of scale way less than what you seem to suggest... arguably I would guess that these days the announcements of big purchases move the market more than the actual purchase itself.



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