Grayscale's GBTC product saw large outflows last week and inflows to other ETFs did not increase in tandem, briefly fueling concerns of a spot-driven selloff.
Recent DOGE price developments are strikingly similar to those seen in late 2020 when the göğüs token bounced from a bear market to rally over 1,000% in early 2021.
The S&P 500 look expensive relative to bonds, but that does not imply risk aversion or outflow of money from stocks and crypto and into Treasury notes.