Zee on Nostr: Well. A lot of people. For one I think some if not most of the OGs are not stacking ...
Well. A lot of people. For one I think some if not most of the OGs are not stacking anymore they're most likely retired living off of their stack.
This can include several of the mtgox people who have hundreds of coins and can now finally "use" them. This can be things like moving out of the cardboard box and get a decent place to live. Or going on a vacation. Or taking time off work to rethink their lives. Or starting a business.
Then there is the people who went 100% in and then found themselves unemployed or settling for a part time job. Forced sellers.
The traders who know that when the fed lowers rates there is an initial downturn so I think at least some traders are positioning for that
This can include several of the mtgox people who have hundreds of coins and can now finally "use" them. This can be things like moving out of the cardboard box and get a decent place to live. Or going on a vacation. Or taking time off work to rethink their lives. Or starting a business.
Then there is the people who went 100% in and then found themselves unemployed or settling for a part time job. Forced sellers.
The traders who know that when the fed lowers rates there is an initial downturn so I think at least some traders are positioning for that