TheBotmaster on Nostr: It signals that miners have exhausted their liquidity (cash) and are forced to sell ...
It signals that miners have exhausted their liquidity (cash) and are forced to sell to stay operational, even at a loss. If #bitcoin was at a fair price miners would NEVER have to sell. If they are all selling simultaneously than that means that they have been holding on as long as they could and have now depleted their reserves. Especially observing the magnitude of the sale, this is IMPOSSIBLE outside of market manipulation!
However, keep in mind that this happening is NOT a sign of bitcoin #mooning soon. From here btc can go in any direction. What is clear is that the whales (manipulators) have reserves FAR outstripping that of regular Bitcoin users and miners (even when added all together) and without significant global mass adaptation there is little resistance to these ongoing manipulations.
At this point we need a Marshal-Plan level of mass adaptation of crypto to counter-balance the creeping tyranny that is engulfing our planet and it is simply not taking place…. (Efforts such as those by #elsalvador are cute, but won’t ‘cut it’ at this point any more, too late…)
However, keep in mind that this happening is NOT a sign of bitcoin #mooning soon. From here btc can go in any direction. What is clear is that the whales (manipulators) have reserves FAR outstripping that of regular Bitcoin users and miners (even when added all together) and without significant global mass adaptation there is little resistance to these ongoing manipulations.
At this point we need a Marshal-Plan level of mass adaptation of crypto to counter-balance the creeping tyranny that is engulfing our planet and it is simply not taking place…. (Efforts such as those by #elsalvador are cute, but won’t ‘cut it’ at this point any more, too late…)