The market is showing that institutional appetite right now: in August, ETFs of $BTC in the US received US$3.5 billion in inflows—by themselves reversing a cumulative loss of US$5.3 billion that had been building since January. The price rose almost 25% over the month. In other words: while the "rest of the market" was selling, the big funds were buying.
Real scarcity + funds coming in hard = the equation that separates those who just speculate from those who understand the game. 👀