Most Profound Thing You Will Read Today (Patreon)

This describes how a sophisticated hedge fund might take a patient approach to build a Bitcoin position, suggesting that the fund might look for opportunistic moments to enter the market.

ETF Cash Inflows: When retail investors put cash into a Bitcoin Exchange-Traded Fund (ETF), the fund itself must purchase Bitcoin in the spot market to back the ETF shares. This is because ETFs need to hold the underlying asset that they track. Ignore all the silly FUD out there. 

Market Liquidity and Price Impact will be nuts. If there's a significant influx of cash, such as $1 billion, on a random day (like a Tuesday), and there aren't many people selling Bitcoin at that time ("there are hardly any sellers"), the fund would still be obligated to fulfill the demand for Bitcoin. This could lead to a substantial market order.

As a consequence of a large market order with little selling pressure, the price of Bitcoin could be driven up significantly. Such an order could push the price up by $10,000 "on a single hourly candle." 

PER SANJAY "*This is something terribly IMPORTANT , Gary the 🐌 has done retail plebs like us a HUGE FAVOR by mandating CASH CLEARANCE"