US ETF inflow on average is a 1300 bitcoins a day since January. 300K total so far. 315K bitcoins mined this year. So US ETFs are eating up almost all the new supply.
Mt Gox created some supply (140K) . Then German Govt added additional supply (50K) . But these are one time events. Retailers/individual owners own about 11M bitcoin. It seems retailers absorbed this additional supply. (May be Microstrategy a little but of it).
Assuming no additional unseen supply comes in (e.g. govt selling, Mt gox), retail demand will drive the bitcoin price completely in coming months.
Time to start a campaign to create FOMO to bring retailers onboard. Faster we do it, quickly the price will go up. Why do you guys think?
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