To clarify: 98K Nov prediction is NOT based on S2F model but on my floor model.
As I said before (in tweets and latest podcasts), I use 3 models:
1) S2F
2) Floor model
3) On-chain model
If for example 98K Nov floor model prediction fails, that does NOT mean S2F or on-chain fails.
SEC rejects spot $BTC ETF again. Is it just me, or is it moronic that the SEC will approve a futures ETF for Bitcoin, which has very high fees/costs, but won’t approve a spot ETF. They’ve approved spot ETFs for gold, like $IAU. Ridiculous. Get with it @GaryGensler.