It's interesting to note the market outflows. As you point out with the European and Japanese increases I don't think it is easy to correlate where the money is going at this point. People are definitely worried about an Autumn crash in the stock market. A lot of money could be held in banks right now for a short term wait and see. Some of it definitely moved into crypto but with the BTC market cap currently at 72.4 billion it is still dwarfed by the world's stock markets which weigh in at 66.8 Trillion. A good question to ask is what percentage of that can Bitcoin handle if there is a mass migration? Is the infrastructure already in place able to handle it?