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Musk’s $908B fortune. #Bitcoin ETFs: +$730.8M in one day.
Different markets, same lesson:
Valuation isn’t liquidity.
Musk’s wealth is largely tied to Tesla and SpaceX equity, not cash.$BTC shows a similar dynamic: strong ETF demand doesn’t automatically translate into immediate price appreciation.
The real signal is not just how much capital enters.
It’s how efficiently that capital moves price.
Flows show where capital goes.
Price shows how the market absorbs it.
That gap is where market structure matters.
#BTC #Bitcoin #Crypto #MarketStructure