Are ETFs doing ALL the BUYING? Spot Bitcoin ETFs took in roughly $1.6 BILLION over three trading sessions. Analysts see $90,000 as Bitcoin’s next test, per the WSJ. Trace Finance CEO Bernardo Brites points to a gap that stablecoin supply isn’t growing alongside ETF demand. “If ETFs remain the only engine, the move is VULNERABLE.” For Brites, the test is whether broader crypto liquidity joins the rally, not just whether Bitcoin touches $90,000.