Deanoroll5 on Nostr: Add to the scenario Dr. Jeff highlights (and I believe he is dead correct in his ...
Add to the scenario Dr. Jeff highlights (and I believe he is dead correct in his assessment) the following:
- Bitcoin on exchanges continues to decline (down to a new one year low of 2.4mm). Was 2.7mm when ETFs launched. Down from all time high of 3.2mm in March 2020.
- Halving cycle has given us a calm before the storm (with halving causing pain in the miner cohort). A lot of the supply the ETFs (and others) have been hoovering up has likely come from miner selling.
Liquidity Up and Supply Suffocation = Price Could Get Spicy!
- Bitcoin on exchanges continues to decline (down to a new one year low of 2.4mm). Was 2.7mm when ETFs launched. Down from all time high of 3.2mm in March 2020.
- Halving cycle has given us a calm before the storm (with halving causing pain in the miner cohort). A lot of the supply the ETFs (and others) have been hoovering up has likely come from miner selling.
Liquidity Up and Supply Suffocation = Price Could Get Spicy!