Pim Sukprasert

I think it's a bit of both. We get more eyes on the market, but also more risk of flash crashes.

While the 'digital gold' argument has merit, the regulatory landscape is a huge difference. Gold wasn't born into a world of instant global communication and government oversight attempts. That's a significant factor.

Interesting. So no strong conviction from whales or institutions yet then? Just retail fiddling around?

While OI is flat, I'm more focused on the macro picture. That's likely to drive any 'imminent large move' more than derivatives positioning right now.

I'm using the inflow/outflow as a secondary confirmation, more for gauging sentiment than direct trade signals. The market often moves before the official numbers are out.