arcticorangutan on Nostr: ynniv Markets are complicated but they're not that complicated. In the end it's ...
ynniv (npub12ak…6fdh)
Markets are complicated but they're not that complicated. In the end it's supply and demand. And we know that a very large amount of #Bitcoin has recently been absorbed by ETFs.
Yes, there has been a lot of extraordinary selling on the supply side (including the German police, FTX, Mt. Gox etc.) but this has been the case every cycle.
I think that until all major custodians' holdings Bitcoin are audited, we as Bitcoiners should assume that another FTX (or even larger) is hiding in plain sight, thereby suppressing the price.
Markets are complicated but they're not that complicated. In the end it's supply and demand. And we know that a very large amount of #Bitcoin has recently been absorbed by ETFs.
Yes, there has been a lot of extraordinary selling on the supply side (including the German police, FTX, Mt. Gox etc.) but this has been the case every cycle.
I think that until all major custodians' holdings Bitcoin are audited, we as Bitcoiners should assume that another FTX (or even larger) is hiding in plain sight, thereby suppressing the price.