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!
Deanoroll5 / Joey Dean
npub1e5…9p9m9
2024-08-20 21:57:10
in reply to nevent1q…aalt
Author Public Key
npub1e585d54m5vsyt89klx4dsk74mqudcjvh8wtj78964theccj52z3sq9p9m9Published at
2024-08-20 21:57:10Event JSON
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"content": "Add to the scenario Dr. Jeff highlights (and I believe he is dead correct in his assessment) the following:\n\n- 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.\n- 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.\n\nLiquidity Up and Supply Suffocation = Price Could Get Spicy!",
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